French, Dutch join forces to urge EU to show teeth on trade

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PARIS (Reuters) – France and the Netherlands have joined forces to urge the European Union to enforce environmental and labour standards more forcefully with countries the bloc signs trade deals with, according to a document seen by Reuters.

FILE PHOTO: French President Emmanuel Macron welcomes Dutch Prime Minister Mark Rutte for a working lunch at the Elysee Palace in Paris, France, February 14, 2020. REUTERS/Charles Platiau/File Photo

The initiative comes as the EU tries to negotiate a new trade deal with Britain, which formally left the bloc on Jan. 31, amid concerns that it might seek to undercut EU labour

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Tune Protect sees late financial recovery in 2020

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According to the company’s financial results statement, the decline in profit was due to higher management expenses as a result of a one-off provision for impairment for insurance and reinsurance receivables.

For the full year 2020, Tune Protect Group had an after-tax profit of MYR28.2 billion, down 51.4% year-on-year. This was due to reduced travel caused by the COVID-19 pandemic.

The group’s Tune Protect Re (TPR) subsidiary showed improved performance, both in the fourth quarter and the entire year. GWP grew by 8.3% to MYR15.4 million for the full year, and over 100% to MYR2.1 million for the fourth quarter.

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Aon-Willis deal investigation hits bump in the road

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The proposed mega-merger between broking giants Aon and Willis Towers Watson appears to have hit something of a snag as EU anti-trust regulators have suspended their investigation into the deal. Reuters has revealed that the regulators are waiting for the US insurance broker to provide data required for the case.

The European Commission, which started its probe into the US$30 billion bid in December of last year due to concerns that the plan to create the world’s largest insurance broker could hurt competition in major markets, halted the investigation on Monday. A spokeswoman for the EU watchdog noted that such

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AXA XL’s APAC marine boss to take on global role

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AXA XL has appointed Sundeep Khera (pictured) as head of marine, UK & Lloyd’s market, effective July 01, and global head of hull, effective immediately. 

Khera is currently head of marine, Asia-Pacific at AXA XL, based in Singapore. In his new roles, he will be responsible for driving strategic, profitable expansion across the UK & Lloyd’s region and the division’s global hull books of business, according to a statement by the insurer.

In July, Khera will step down from his Asia-Pacific role and relocate to London.

Khera has been with AXA for more than eight years, joining as a regional

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