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Hong Kong-based property and infrastructure group New World Development (NWD) in January 2019 acquired FTLife Insurance, Hong Kong, from JD Group. NWD, through its subsidiary NWS Holdings, paid HK$21.5 billion (US$2.75 billion) for FTLife. The deal is one of the top five insurance M&As ever in Hong Kong. Beijing-based Chinese financial firm JD Group in November 2018 had put FTLife up for sale. It was reported to be looking for

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Smart pensions, the tech platform offering savings and investments globally with investors such as Legal and General Investment Management and JP Morgan, in December 2019 teamed up with Revolut for Business, a part of Revolut, the digital services firm set up in 2015, to offer business clients a retirement savings platform for UK employees. Revolut’s business customers will now be able to sign up for their business account and

The National Association of Insurance Commissioners (NAIC) of the U.S. in December 2019 approved changes to the Credit for Reinsurance Model Law and Regulation to bring models in line with provisions of covered agreements with the European Union and the UK in the treatment of qualifying jurisdictions such as Bermuda, Japan, and Switzerland. This covers reinsurers domiciled in the European Union, Bermuda, Japan, and Switzerland, who will soon receive

The OECD in December 2019 published updated versions of the 2019 series of its E.U. Country Health Profiles. The profiles provide a concise overview of health and health systems in the EU/European Economic area, emphasizing the particular characteristics and challenges in each country against a backdrop of cross-country comparisons. Each Country Health Profile provides a short summary of: Health status Risk factors The organization of the health system Its

American International Group (AIG) in December 2019 announced that Peter S. Zaffino has been named President of AIG. He will continue to serve as Global Chief Operating Officer (COO) of AIG and Chief Executive Officer (CEO) of General Insurance. Mr. Zaffino joined AIG as Executive Vice President and Global COO in July 2017 and assumed the additional role of CEO of AIG’s General Insurance business in November 2017. He
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