UK: NETSCALIBUR EXPANDS IN EUROPE

Article Abstract:

Netscalibur, the B2B Internet service provider, announced yesterday that it had bought two additional service providers - Direct Connection based in London and German company ESIB-Evolution Systems. Netscalibur also announced that it had managed to raise GB[pound] 165mn in a private placing. The company, which employs 350 people is predicting sales of GB[pound] 31mn by the end of 2000, and has announced its intention to expand further in Europe. It is currently looking at making further acquisitions in France and Spain, and in other countries where it already operates. Netscalibur has also announced its intention to lease space from telecom companies on fibre optic cables, which carry large volumes of data.

Asset sales & divestitures, Strategy & planning, Germany, Telegraph & other communications, Online services, Internet services, Online information services

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UK: GENETIC TESTING BY INSURANCE COMPANIES

Article Abstract:

The UK government is to sanction the use of genetic testing by insurance companies to calculate the possibilities of a person inheriting Huntington's disease. It is thought that the move will result in insurance companies requesting the right to use DNA testing for other genetic diseases to assess premiums. However, concerns have been raised that the use of genetic testing will result in some people being unable to obtain insurance cover as well as put people off from having tests that may be of benefit to them.

Government regulation, Life Insurance, Direct Life Insurance Carriers, Accident & Health Insurance, Insurance Carriers, Medical Service and Health Insurance, Laws, regulations and rules, Insurance industry, Life insurance industry, Health insurance industry

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