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Luxembourg, officially the Grand Duchy of Luxembourg, is a small landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France to the south. Its capital and most populous city, Luxembourg City, is one of the four institutional seats of the European Union and the seat of several EU institutions, notably the Court of Justice of the European Union, the highest judicial authority. Luxembourg's culture, people, and languages are greatly influenced by France and Germany; for example, Luxembourgish, a Germanic language, is the only national language of the Luxembourgish people and of the Grand Duchy of Luxembourg, French is the only language for legislation, and all three – Luxembourgish, German and French – are used for administrative matters in the country.
The economy of Luxembourg is largely dependent on the banking, steel, and industrial sectors. Citizens of Luxembourg enjoy the highest per capita gross domestic product in the world, according to an IMF estimate in 2022. Among OECD nations, Luxembourg has a highly efficient and strong social security system; social welfare expenditure stood at roughly 21.9% of GDP.
Jacques Santer is a Luxembourgish politician who served as the ninth president of the European Commission from 1995 to 1999. He served as the finance minister of Luxembourg from 1979 until 1989, and the 22nd prime minister of Luxembourg from 1984 to 1995, as a member of the Christian Social People's Party (CSV), which was the leading party in the Luxembourg government between 1979 and 2013. As Prime Minister of Luxembourg he also led the negotiations on the Single European Act, which effectively set aside the 20-year-old Luxembourg Compromise.
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Bond insurance, also known as "financial guaranty insurance", is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or security. It is a form of "credit enhancement" that generally results in the rating of the insured security being the higher of (i) the claims-paying rating of the insurer or (ii) the rating the bond would have without insurance.
Crown corporations are government organizations in Canada with a mixture of commercial and public-policy objectives. They are directly and wholly owned by the Crown.
Finesti was a Luxembourg-based company that carried out collection, management and dissemination of data and documents related to investment funds. It also provided general consultation products and services in order to facilitate public access to investment fund information.
GoodLeap, formerly Loanpal, is a finance technology company headquartered in San Francisco, that provides financing options for the residential solar energy industry.
HDFC Life Insurance Company Limited is a long-term life insurance provider headquartered in Mumbai, offering individual and group insurance services. The company was incorporated on 14 August 2000.
The Fortegra Group, formerly Life of The South, is a Jacksonville-based multinational insurance company founded in 1978. It is a subsidiary of Tiptree Holdings and has a presence in the United States and Europe.
References
- ↑ "Nicolas Mackel reconduit à la tête de LFF". Paperjam News. 2017-03-03. Retrieved 2017-03-14.
- ↑ "The Luxembourg Banker's Association home". The Luxembourg Banker's Association. Communication department of The Luxembourg Banker's Association. 2020-02-26. Retrieved 2020-02-26.
- ↑ "Association of the Luxembourg Fund Industry home". Association of the Luxembourg Fund Industry. Communication department of Association of the Luxembourg Fund Industry. 2020-02-26. Retrieved 2020-02-26.
- ↑ "The Association of Insurance and Reinsurance Companies home". The Association of Insurance and Reinsurance Companies. Communication department of the Association of Insurance and Reinsurance Companies. 2020-02-26. Retrieved 2020-02-26.
- ↑ "gouvernement.lu // L'actualité du gouvernement du Luxembourg - Accueil". www.gouvernement.lu (in French). Retrieved 2017-03-14.
- ↑ "PROFIL Luxembourg". Luxembourg for finance. Retrieved 2017-03-14.
- ↑ "Acteurs publics" (in French). Retrieved 2017-03-14.
- ↑ "Global Financial Centres Index: Luxembourg ranks 3rd most competitive European financial centre". Wort.lu. 2016-04-07. Retrieved 2017-03-14.
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