Nigerians trade waste for health insurance

HDFC, India's largest mortgage lender, reports an 18% increase in profit in the second quarter.

PORT HARCOURT, Nigeria (Reuters) – Jerome Ngutall suffered from persistent stomach pains and, like many Nigerians, had no money for a doctor. Then he heard about the novel idea of ​​getting health insurance. He soon signed up with Soso Care, a Nigerian health-tech company, and after delivering used car batteries and plastic waste, he received … Read more

Exclusive Australian banks ease mortgage standards as property market cools

Exclusive Australian banks ease mortgage standards as property market cools

SYDNEY (Reuters) – Two of Australia’s biggest banks have quietly eased some of their mortgage lending standards amid a slump in the property market, despite calls for caution by authorities in recent months. Banks are now becoming less conservative when calculating expected rental income when evaluating loan applications, four sources said. This change will increase … Read more

Zurich Insurance claims $550 million in damages from Hurricane Ian

Zurich Insurance claims $550 million in damages from Hurricane Ian

Zurich, November 10 (Reuters) – Zurich Insurance Group (ZURN.S) expects a net pre-tax hit of $550 million from Hurricane Ian. Europe’s fifth-largest insurer said its new annual premium equivalent (APE) in life insurance fell 6% but rose 2% on an equal basis after adjusting for currency movements, acquisitions and disposals. Zurich’s Swiss Solvency Test (SST) … Read more

China’s new RMB loans in October appear to have fallen on weaker demand

China's new RMB loans in October appear to have fallen on weaker demand

RMB 800 billion in new loans in October, RMB 2.47 trillion in September October money supply growth seen at 12.1% vs 12.0% y/y in September TSF in October is 1.6 trillion yuan, September is 3.53 trillion yuan Loans, money supply data from November 10th to 15th BEIJING (Reuters) – China’s new yuan lending likely fell … Read more

Sean Penn visits Zelensky in Ukraine, lends Oscar

Sean Penn visits Zelensky in Ukraine, lends Oscar

(Reuters) – Hollywood actor and director Sean Penn, who has been sanctioned by Russia for criticizing the war in Ukraine, met Ukrainian Volodymyr Zelensky during a visit to Kyiv on Tuesday. Lent an Oscar statuette to the president. “It’s just symbolic and ridiculous,” he said, sitting beside the Ukrainian leader at the table at the … Read more

UK to provide loans to countries most vulnerable to climate change

UK to provide loans to countries most vulnerable to climate change

LONDON, Nov 8 (Reuters) – Britain’s Treasury on Thursday released new loans to help countries most vulnerable to the effects of climate change, including options to defer debt repayments in the event of a catastrophe. announced plans to offer The country’s export credit agency, UK Export Finance (UKEF), will provide such loans to low-income countries … Read more

UK homebuilder Persimmon flags slowing demand amid surge in mortgage rates

HDFC, India's largest mortgage lender, reports an 18% increase in profit in the second quarter.

November 8 (Reuters) – Persimmon (PSN.L)It is the second largest homebuilder in the UK. The UK housing market has shown signs of slowing in recent months as rapid inflation hit consumer budgets and the Bank of England raised interest rates. Moreover, the government’s mini-budget in September led to a surge in mortgage rates. “Rising interest … Read more

Port Insurance Company Celebrates 100th Anniversary

Port Insurance Company Celebrates 100th Anniversary

NEWBURYPORT — One of the city’s most iconic and well-known businesses, the Arthur S. Page Insurance Agency, is celebrating its 100th anniversary through 2022 and is poised for another century, according to its owners. increase. Jackie Page purchased the company from her father, Arthur S. Page III, in 2005 and worked with her sister, current … Read more

Dutch provinces to end fossil fuel export credit insurance from 1 January

Dutch provinces to end fossil fuel export credit insurance from 1 January

AMSTERDAM (Reuters) – The Dutch government said on Thursday it intends to stop providing credit insurance to companies and banks for exports in the fossil fuel sector as of January 1, following pledges made at the COP26 climate change conference. did. in Glasgow. In a statement announcing the move, the Treasury Department called it an … Read more

Aircraft leasing company Avolon files lawsuit against Lloyds Insurance

Aircraft leasing company Avolon files lawsuit against Lloyds Insurance

DUBLIN (Reuters) – Aircraft leasing company Avolon is suing Lloyds Insurance in the Irish High Court as leasing giants file lawsuits over huge losses linked to the Russia-Ukraine war, the report said. It was revealed in documents shown Thursday. Avolon posted an impairment loss of $304 million in the first quarter and suffered financial losses … Read more