The client of a contractor must be vigilant about the latter’s insurance, but he is justified in believing that his very general insurance certificate covers all his professional risks. This certificate would indeed be misleading, according to the Court of Cassation, if a particular clause of the contract excluding a guarantee, of which this customer … Read more
Ageas acquires a majority stake in the Indian life insurance joint venture Ageas Federal Life Ageas today announces the signing of an agreement to acquire IDBI Bank’s 25% stake in Indian life insurance joint venture Ageas Federal Life Insurance Company Ltd. (AFLIC). This transaction will increase Ageas’ stake in the joint venture it currently operates … Read more
S&P 500 END LOWER ON WALL STREET by Amruta Khandekar and Noel Randewich (Reuters) – The S&P 500 ended lower on Wall Street on Monday, trailing Tesla and other growth stocks, hurt by the release of lackluster Chinese economic data that heightened fears of a global slowdown and of an increase in interest rates. China … Read more
SOCIETE GENERALE COMPLETES ITS EXIT FROM RUSSIA (Rpt missing word §1) PARIS (Reuters) – Societe Generale announced on Wednesday the finalization of the sale of its activities in Russia, a transaction which will result in a residual negative impact of around seven basis points on its capital ratio and a net charge of around 3.2 … Read more
S&P 500 END LOWER ON WALL STREET by Amruta Khandekar and Noel Randewich (Reuters) – The S&P 500 ended lower on Wall Street on Monday, trailing Tesla and other growth stocks, hurt by the release of lackluster Chinese economic data that heightened fears of a global slowdown and of an increase in interest rates. China … Read more
by Amanda Ferguson BELFAST, NORTHERN IRELAND, May 16 (Reuters) – British Prime Minister Boris Johnson said on Monday the government needed an “insurance” option to unilaterally scrap post-Brexit trade rules for Northern Ireland. North, at the risk of reigniting a trade war with the European Union. Boris Johnson has declared that the European Union must … Read more
(Photo credits: Pexels – Lukas) In April 2022, the average mortgage rate stood at 1.27%. The French Prudential Control and Regulation Authority (ACPR) has called on distributors of life insurance contracts to better respect their duty to advise. Progressive retirement has been open to employees on a daily basis since the start of 2022. The … Read more
The so-called Sapin 2 law allows the public authorities to suspend redemptions on life insurance contracts. (© DR) With the return of inflation, secure your life insurance contracts. The characteristics of French life insurance: life insurance contracts governed by French law have very curious characteristics. Three are particularly worth mentioning: 1 – entrants into what … Read more
The so-called Sapin 2 law allows the public authorities to suspend redemptions on life insurance contracts. (© DR) With the return of inflation, secure your life insurance contracts. The characteristics of French life insurance: life insurance contracts governed by French law have very curious characteristics. Three are particularly worth mentioning: 1 – entrants into what … Read more
Cryptoasset scams can be avoided. © Shutterstock) Investment scams have shifted to crypto-assets. A source of growing concern for the Autorité des marchés financiers. The “Revenu” gives you its advice to check if your bitcoin platform is approved in France. Hacked crypto-asset wallets, exchange platforms unable to return bitcoins or ethers… The list is long … Read more
