Delta Lloyd’s CFO Resigns After Dutch Court Upholds Central Bank Fine

Delta Lloyd NV Chief Financial Officer Emiel Roozen resigned after a Rotterdam court upheld a decision by the central bank to fine the insurer. The company won’t appeal the court ruling as it “seeks to resolve the situation as soon … Continue reading


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TigerRisk Enters China Market with Opening of Hong Kong Office

TigerRisk Partners LLC announced its first presence in Asia with the opening of the Hong Kong office of its subsidiary TigerRisk China Partners. TigerRisk China Partners is a member of the Hong Kong Confederation of Insurance Brokers, effective July 30. … Continue reading


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Marsh Completes Acquisition of UK-Based SME Insurance Services

Marsh has completed its previously agreed acquisition of Leeds, England-based SME Insurance Services (SMEi), an independent broker which provides specialist commercial insurance to small and medium-sized enterprises across the UK. The transaction was announced on June 1. The addition of … Continue reading


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Zurich Insurance Prepares Financing Ahead of Possible Offer for RSA: Sources

Zurich Insurance Group AG is raising financing ahead of a possible takeover offer for RSA Insurance Group, according to people familiar with the matter. The Swiss insurer is talking to banks about raising more than $4 billion, said two of the people, who asked … Continue reading


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Kirkland Makes Two Big Hires, Plus More Lateral Moves

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Pancreatic cancer urine test hope

A simple urine test that could detect pancreatic cancer much earlier than at present has been developed by scientists. They found a protein “signature” only present in people with the disease. Pancreatic cancer is often very advanced by the time … Continue reading


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HSBC’s profit up 10% in first half

Profit at Europe’s largest bank, HSBC, was up 10% in the first half of this year compared with a year ago on strong earnings in Hong Kong. Pre-tax profit was $13.6bn (£8.7bn) in the first six months, compared with $12.3bn … Continue reading


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Tributes to ‘huge talent’ Cilla Black

She was “a national treasure”, a “wonderful friend” and a “privilege to know”. Some of Britain’s best-loved stars have paid tribute to singer and entertainer Cilla Black, who died at her home in Spain on Saturday at the age of … Continue reading


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Plan to evict illegal immigrants

Ministers have said 36,000 “immigration offenders” have been removed in the last year … Continue Reading »


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German automakers buying Nokia’s HERE map business

BERLIN (AP) — A consortium of German automakers Audi, BMW and Daimler announced Monday it is buying Nokia Corp.’s HERE map business in a deal that values the unit at 2.8 billion euros ($3.1 billion) and secures their access to … Continue reading


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Legal Costs Hit HSBC Investment Bank Profit

HSBC Holdings Plc said first-half profit at its investment bank dropped 5.6 percent as legal expenses overshadowed an increase in revenue from foreign exchange and equities. Pretax profit in global banking and markets, the division that houses the firm’s trading … Continue reading


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Greek stock market reopens with 22 percent plunge

ATHENS, Greece (AP) — Greece’s main stock index plunged over 22 percent as it reopened Monday after a five-week closure, giving investors their first opportunity since late June to react to the country’s latest economic crisis. Greek bank stocks suffered … Continue reading


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