Articles by Emma Rumney and Joe Bavier

S. Africa Insurers’ COVID-19 Payments May Be Too Little, Too Late, for Some Businesses

South African small businesses fighting rejected coronavirus-related claims said insurers’ offers of relief are too little too late for many and could leave some already struggling to survive with nothing at all. Insurers around the world have argued COVID-19 lockdowns …

UK’s RSA Plans to Exit Three London-Based Global Business Lines

RSA plans to pull out of several international business lines run out of London which it says are unlikely to produce the returns which the British insurer is seeking following a September profit warning. Closing international construction, international freight and …

RBS Settlement with U.S. Over 2008 Crisis Less Than Feared

Royal Bank of Scotland’s shares rose as much as 6 percent last Thursday after the bank reached a $4.9 billion settlement with U.S. authorities, opening the way for its privatization and return of cash to taxpayers who bailed it out …

UK Government, Regulators to Examine Potential Risks from Cryptocurrencies

Britain’s government and regulators will look in detail at the potential risks from cryptocurrencies like bitcoin, British junior finance minister John Glen said on Monday. Glen said there had been an “explosion of growth” in crypto assets like bitcoin, which …

Lloyd’s Expects $4.5 Billion Hit from Hurricanes Harvey, Irma

Lloyd’s of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer’s capital and hit its profitability. Although losses from natural catastrophes have been low in recent years, including in …

Update: Lloyd’s of London Reports 16% Drop in H1 2017 Profit to $1.6B

Lloyd’s of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer’s capital and hit its profitability. Although losses from natural catastrophes have been low in recent years, including in …