Admiral Insurance has begun selling travel insurance with specific provisions related to COVID-19, after a four-month hiatus in the business, as the United Kingdom eases quarantine requirements, making travel abroad less cumbersome.
Amundi introduced three new exchange-traded funds aimed at the European Union’s Paris Climate Agreement-based targets, the French asset manager with EUR 1.5 trillion ($1.7 trillion) in assets under management said on Thursday.
Europe's second-highest court ruled Wednesday that the European Central Bank gave "inadequate reasons" for imposing €4.8 million ($5.4 million) in regulatory fines on French bank Crédit Agricole and its subsidiaries in 2018.
Amundi will use a model for environmentally focused investing that assigns a “temperature rating” to each holding based on its global warming impact, as the firm looks to quantify sustainability in all of its investments by 2021.
AXA Investment Managers plans to set a 33% target for gender diversity on listed company boards in developed markets starting next year, the company said Wednesday, building on years of efforts to increase the number of women helping to lead companies.
A federal judge on Monday upheld a former JPMorgan foreign exchange trader’s conviction for trying to manipulate emerging market currency prices, rejecting his request to set aside a jury’s findings.
Netherlands-based insurance company De Goudse has agreed to purchase a Dutch life insurance subsidiary of Reinsurance Group of America, the companies said Tuesday, as part of De Goudse’s yearslong strategy to acquire life portfolios and companies.
London-based HSBC plans to cut 255 jobs from its French subsidiary’s struggling global and banking markets division, HSBC France’s Force Ouvrière union said Monday, marking the first time that HSBC France has seen economic layoffs.
Deutsche Börse Group’s international central securities depository Clearstream and LCH Group’s U.K.-based equities clearing service are seeking to capitalize on the popularity of global depository receipts and exchange-traded products on the London Stock Exchange by allowing equities contracts cleared by LCH to be settled through the subsidiary Clearstream Banking S.A.
Spanish banking giant Banco Bilbao Vizcaya Argentaria, S.A. said Tuesday that it rolled out the first green contingent convertible bond from a financial institution, raising €1 billion (nearly $1.13 billion) amid strong investor demand.
AXA XL completed a deal on Monday with Texas-based specialty auto insurer Bluefire Insurance to provide reinsurance coverage through an alternative capital arrangement.
U.K. financial giant Aviva said Monday that Board Director Amanda Blanc has been named as its new CEO, effective immediately, as Maurice Tulloch relinquished his role the same day because of “family health reasons.”
French insurers’ heavy concentration in the life insurance business could leave the industry especially exposed to a sharp increase in claims due to the COVID-19 pandemic, research firm Global Data found.
Turkey’s stock exchange barred six major banks from betting against its market on Monday, the latest restrictive measure taken in the country against investors looking to short sell.
AXA’s Hong Kong and Macau arms introduced a new participating life insurance policy that allows the policyholder, upon their death, to pass along the policy to dependents so that benefits can potentially continue to grow.
Payments platform Adyen has expanded its acquiring bank services to Malaysia, allowing more global firms to cash in on the country’s expanding economy and reflecting upward momentum in the global electronic payments business.
Insurance markets in Asian countries are poised to recover more quickly from COVID-19 than U.S. and European markets, potentially accelerating a yearslong shift in market power toward the region, Allianz Global said in a report published Wednesday.
Sixteen major European banks banded together to produce a payment system encompassing card payments, merchant transactions, and peer-to-peer payments, according to a joint statement released on Thursday.
French financial giants Societe Generale and CNP Assurances both said this week they would take major steps toward eliminating their exposure to the coal industry, adding to a string of recent climate-related commitments by major European financial institutions.
Cboe Global Markets plans to launch a new Amsterdam-based futures and options market in the first half of 2021, as part of the exchange operator's effort expand its reach across continental Europe, the stock exchange operator said Wednesday.