Insurance uptake and its ties with disaster recovery

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“AXA XL’s purpose is to act for human progress by protecting what matters, and what matters most to communities around the world are their homes, families and their livelihoods,” said Andrew MacFarlane, who leads AXA XL’s Public Sector Partnership Working Group. “The work we do as insurers and reinsurers, together with the support we get from government through local and federal aid agencies, and the solutions that communities themselves develop, allow these communities affected by natural disasters to recover.

“The aim of this study was really to delve into these disasters and their recoveries, and to investigate the crucial role

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Aviva in talks over potential partial business sale – reports

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Aviva is mulling a possible piecemeal sale of its Italian insurance business, sources close to the matter said.

The company’s Italian business is comprised of two joint venture agreements centered on life insurance and general insurance. One distribution agreement is with UniCredit – which expired this year. The other bancassurance partnership was with Italian financing company UBI Banca.

Sources told Reuters that both joint venture platforms are being reviewed as part of Aviva’s sale plans. One of the sources also said that UniCredit is looking to take full control of the venture ahead of a possible exit in the future.

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Snap, Devon Energy, Virgin Galactic, UPS, Chevron & more

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Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019.

David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines midday Monday:

Devon Energy, WPX Energy — Shares of Devon jumped 9% while WPX gained 13% after the two companies announced their intention to merge. The all-stock transaction gives the combined company, which will retain Devon’s name, an enterprise value of roughly $12 billion.

Cleveland-Cliffs, ArcelorMittal —Shares of the two mining companies jumped 9.3% and 10.5%, respectively, after Cleveland-Cliffs

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European Union sets 2024 as target date for digital currency asset laws

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The European Union (EU) has laid out a new legal framework for oversight and governance of digital currency assets by 2024, hoping to provide greater comfort for financial institutions in embracing distributed ledger technology.

European Union sets 2024 as target date for digital currency asset laws

According to recently published documents, the new rules will aim to make it both quicker and cheaper to facilitate cross-border payments, with the help of blockchain technology and digital assets such as stablecoins.

The document come as the European Commission prepares to set out its aims to move increasingly towards digital payments and

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