Why is it So Hard to Agree on Valuation?
I really hate reopening this can of worms, but I’m living it so here goes. My wife and I are doing some house hunting lately (in case you’re wondering, it’s not at all like the show, we’ve looked at a …
Advent Launches Political Violence Pricing & Placing Platform for SMEs in MENA
Lloyd’s insurer Advent announced the launch of its online pricing and placing tool, PVPlus. Developed in partnership with CFC Underwriting, this solution gives small and medium sized (SMEs) businesses in the Middle East and North Africa region access to low-ticket …
EU Needs to Prevent Brexit Threat to Derivative Contracts: BOE’s Carney
Mark Carney warned that time is running out to remove the threat that Brexit poses to trillions of pounds of derivative contracts, stepping up pressure on the European Union to act. Unless the EU follows the U.K. government in putting …
Swiss Re-Backed Insurer FWD Weighs IPO in Hong Kong
Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the matter said. The company, which is …
Russian Hackers Planning ‘Massive Strike’ Against Ukraine: Cyber Police Chief
Hackers from Russia are infecting Ukrainian companies with malicious software to create “back doors” for a large, coordinated attack, Ukraine’s cyber police chief told Reuters on Tuesday. The hackers are targeting companies, including banks and energy infrastructure firms, in a …
Kentucky Distillery Owner Faces Fines After Warehouse Collapse
A Kentucky distillery owner is facing a state fine after one of its whiskey warehouses collapsed. Kentucky Energy and Environment Cabinet spokesman John Mura told news media outlets that distillery owner Sazerac will be cited for failing to report the …
Orlando Ends Facial Recognition Program with Amazon
Orlando has stopped testing Amazon’s facial recognition program after rights groups raised concerns that the service could be used in ways that could violate civil liberties. The Florida city ended a pilot program last week after its contract with Amazon.com …
Dozens of Homes in North Florida Damaged by Wildfire
A fast-moving wildfire damaged or destroyed dozens of homes in a Florida county. Gov. Rick Scott visited the small coastal community of Eastpoint on Monday to get an update on the damage. Eastpoint is in Franklin County and is near …
What’s Ahead for Reinsurance Industry in 2018: Fitch
The global reinsurance industry demonstrated resiliency following the record level of catastrophe losses in 2017, as very strong capitalization and effective risk management enabled the sector to absorb the multiple hits from Mother Nature and broadly maintain financial strength. Favorable …
Supreme Court Rejects Banks’ Appeal Over Mortgage Securities Marketing
(Reuters) – The U.S. Supreme Court declined on Monday to hear an appeal brought by Nomura Holdings Inc. and the Royal Bank of Scotland Group PLC seeking to overturn an order requiring them to pay $839 million for making false …