Association of British Insurance (ABI) will lead the newly created Automated Driving Insurance Group. The group is established to discuss issues regarding driverless car.
Breaking News
European shares rose on Monday, led higher by Germany after upbeat factory activity, while the dollar steadied following signs the U.S. economy may be emerging from a recent soft patch.
Dubbed the "king of wines, the wine of kings" by Louis XV of France, Hungary's Tokaji wine is undergoing a makeover as the region hopes to regain fame lost in decades of mismanagement.
A group of 12 global banks are working together to set up a one-stop bond shop for buyers and sellers of corporate bonds, the Wall Street Journal reported, citing people familiar with the matter.
AXA sold EUR 350 million or USD 474 million in catastrophe bonds, the largest bond offering of the securities designed to protect insurers from the risk of payouts for extreme storm damage.
In a move to provide a tax gain as well as capital gain, AXA spins off AXA PE, ceding majority control to an employee ownership group.
Insurers and regulators are still unsure after recent proposals were made on the regulation of life insurance products.
KKR bids on AXA's private equity funds unit.
