China to curb intellectual property infringement
China plans to introduce a system of punitive damages for intellectual property infringements.
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China plans to introduce a system of punitive damages for intellectual property infringements.
South Africa-based construction firm Group Five Ltd. said that delay in the construction of the Kpone thermal power station in Ghana has cost the company 649 million South African rand ($54 million).
Source:: Delay in power station construction costs firm $54 million
Data from the Czech National Bank showed that the amount of claims settled by local property insurers grew more than 18% year over year due to extreme weather in 2017.
Source:: Insurance claims rise due to extreme weather in Czech Republic
U.K.-based insurance broker Jelf Group P.L.C., a unit of Marsh & McLennan Cos. Inc., plans to acquire Scotland-based Clark Thomson Insurance Brokers Ltd.
Insurance Europe has called on the European Union to help overturn regulations in Indonesia that the trade group says hinder competition and create an uneven regulatory playing field in the country’s insurance market.
Source:: Protectionism hampers Indonesian insurance market: Insurance Europe
Russia’s economic security and anti-corruption department is investigating Russian National Reinsurance Co.’s dealings with reinsurance brokers U.K.-based Aon P.L.C., Willis Towers Watson P.L.C. and U.S.-based Marsh and McLennan Cos. Inc.
Source:: Russia investigates reinsurer’s dealings with Aon, Marsh, Willis