News

The investment arm of German insurance giant Allianz – Allianz Global Investors – said it was in exclusive talks to buy UOB Asset Management for $467mn or an estimated $600mn. If it goes through, it would be among the...

In a recent development, to elevate the finance sector of Uzbekistan, the Association of Chartered Certified Accountants - ACCA has inked memorandums of understanding - MoUs with the Ministry of Economy and Finance in addition to the central bank of the...

In a recent move, some Japanese financial institutions have been given access to GPT-5.5, which is a model by U.S. artificial intelligence company OpenAI, in order to safeguard against cyberattacks, Satsuki Katayama, the Japanese finance minister, said on ‌May 29, 2026, after...

India has launched its ambitious $1.5bn Bharat Maritime Insurance Pool - BMIP, issuing its first batch of insurance covers as the government seeks to safeguard the country's maritime trade against worldwide disruptions and increasing risk premiums. The pool, which has...

AXA XL has set up an exclusive business unit for prevention, which reflects the increasing significance of risk mitigation and services in the commercial as well as the speciality insurance market. The new unit is AXA XL’s fifth business unit,...

GreenLife Insurance Acquired by Raise Financial Services Broking Private Limited, thereby marking the company’s entry into the insurance distribution expansion in India through a cash and stock transaction. The acquisition grows Raise Financial Services’ presence into more general financial services besides...

The largest alternative asset manager in Europe and a global leader with c.€300 billion of assets under management, BNP Paribas Asset Management Alts secured c.€3 billion of capital commitments for its dedicated Enhanced Commercial Real Estate Debt fund and its...