PIB enters France with 100th deal

PIB Group has entered the French market buying medical malpractice insurance business BEA Group and its subsidiaries, amid speculation about its own future. The deal, PIB’s 100th, means it now has a presence in 11 different countries (see box) with its most recent addition being Romania in April. BEA Group was founded in 2009 by … Read more

CEA: India’s GDP likely to stay within 6.5-7% range; minimal impact expected from Trump’s re-election

The Chief Economic Advisor (CEA) to the Government of India V Anantha Nageswaran said India’s GDP growth for the current financial year may not touch 7%, but expressed confidence that the number will fall within the 6.5-7% GDP growth range forecast in this year’s economic survey. Speaking exclusively to CNBC-TV18 on the sidelines of the … Read more

FCA reopens parts of commercial and bespoke insurance discussion paper for feedback

The Financial Conduct Authority has reopened parts of its discussion paper on commercial and bespoke insurance business in response to demand. The watchdog first launched the call for input in July with a deadline of 16 September. The paper invited feedback on whether its rules strike an appropriate balance between safeguarding customers who need regulatory … Read more

China’s Premier Li projects confidence in economic recovery

Chinese Premier Li Qiang expressed confidence that his government can pull off an economic recovery, while also taking an apparent shot at the US and EU over trade. “The Chinese government has the ability to drive sustained economic improvement,” Li said in a speech Tuesday at the opening of the China International Import Expo in … Read more