Risky business: Climate change turns up the heat on insurers, policyholders
Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire.
EXCLUSIVE HSBC exceeds China wealth hiring targets, explores India private banking re-entry
HSBC Holdings Plc is ahead of its hiring targets for its Chinese retail wealth management business and is exploring re-entering India’s private banking business, senior executives said, as part of its plan to make Asia and wealth key pillars of growth.
EXCLUSIVE BlackRock raises $673 mln for climate-focused infrastructure fund
BlackRock Inc (BLK.N) told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments to invest in climate-focused projects such as renewable energy in emerging markets.
HSBC snaps up Axa Singapore assets for $575 mln in Asia expansion
HSBC Holdings (HSBA.L) has agreed to acquire French insurer Axa’s (AXAF.PA) Singapore assets for $575 million, part of its strategy of scaling up its wealth-management business in Asia to boost fee income.
France’s Axa rebounds from pandemic as XL unit swings to profit
Axa (AXAF.PA) posted a 180% surge in first-half net income on Monday as the French insurer rebounded from a spike in pandemic-related claims that led to a 1.5 billion euro ($1.8 billion) charge last year.
Analysis: As EU preps debut recovery bond, a reality check for “safe asset” hopes
As the European Union readies bond sales for its pioneering COVID-19 recovery fund, the scale and duration of the borrowing programme may disappoint those who had visualised last year’s deal for pooled debt as Europe’s Hamiltonian moment.
