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	<title>Jack Farchy - Insurance News Archive</title>
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	<description>Insurance Journal delivers the latest business news for the Property/Casualty insurance industry</description>
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		<title>Oil Tanker Pricing Feud Embroils Centuries-Old London Market</title>
		<link>https://www.insurancejournal.com/news/international/2026/05/05/868558.htm</link>
		
					<dc:creator><![CDATA[Jack Farchy]]></dc:creator>
					<pubDate>Tue, 05 May 2026 09:37:03 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[Baltic Exchange]]></category>
		<category><![CDATA[Mercuria]]></category>
		<category><![CDATA[Ocean marine]]></category>
		<category><![CDATA[US Iran conflict]]></category>
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							<description><![CDATA[A legal claim from one of the world&#8217;s largest oil traders is throwing a spotlight on an arcane but critical corner of global finance — the multibillion-dollar freight market and the 282-year-old City of London institution that sits at the &#8230;]]></description>
		
		
		
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		<title>Oil Traders Lawyer Up as Hormuz Disruptions Trigger Billions of Dollars in Disputes</title>
		<link>https://www.insurancejournal.com/news/international/2026/04/29/867747.htm</link>
		
					<dc:creator><![CDATA[Jack Farchy]]></dc:creator>
					<pubDate>Wed, 29 Apr 2026 16:26:15 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[Force Majeure]]></category>
		<category><![CDATA[US Iran conflict]]></category>
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							<description><![CDATA[Some of the biggest names in oil trading are becoming embroiled in a complex web of disputes that could be worth many billions of dollars, as the industry wrangles over who should be liable for contracted shipments that weren&#8217;t delivered &#8230;]]></description>
		
		
		
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		<title>The Dossier That Warned Credit Suisse About Sanjeev Gupta</title>
		<link>https://www.insurancejournal.com/news/international/2025/07/21/832473.htm</link>
		
					<dc:creator><![CDATA[Jack Farchy]]></dc:creator>
					<pubDate>Mon, 21 Jul 2025 12:27:46 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[Credit Suisse]]></category>
		<category><![CDATA[Credit Suisse lawsuits]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[Greensill Capital]]></category>
		<category><![CDATA[Greensill Capital Collapse]]></category>
		<category><![CDATA[nickel fraud]]></category>
		<category><![CDATA[Trafigura Group]]></category>
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							<description><![CDATA[The report that landed on the desks of Credit Suisse executives was a bombshell: Sanjeev Gupta, a global steel tycoon and one of the bank&#8217;s key borrowers, was a &#8220;clear participant&#8221; in a multi-billion dollar fraud, it claimed. It was &#8230;]]></description>
		
		
		
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		<title>India Is Building a Sanctions-Proof Supply Chain for Russian Oil</title>
		<link>https://www.insurancejournal.com/news/international/2025/02/13/811712.htm</link>
		
					<dc:creator><![CDATA[Jack Farchy]]></dc:creator>
					<pubDate>Thu, 13 Feb 2025 06:10:08 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[Russia Ukraine war]]></category>
		<category><![CDATA[Russian oil and gas]]></category>
		<category><![CDATA[Russian sanctions]]></category>
		<category><![CDATA[supply chains]]></category>
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							<description><![CDATA[Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect. Speaking on the sidelines of India&#8217;s flagship &#8230;]]></description>
		
		
		
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		<title>Trafigura Staff Tried to Hide Nickel &#8216;Red Flags,&#8217; Gupta Says in Court Document</title>
		<link>https://www.insurancejournal.com/news/international/2023/12/06/750975.htm</link>
		
					<dc:creator><![CDATA[Jack Farchy]]></dc:creator>
					<pubDate>Wed, 06 Dec 2023 09:35:33 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[cargo insurance]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[metals fraud]]></category>
		<category><![CDATA[nickel fraud]]></category>
		<category><![CDATA[Risk Management]]></category>
		<category><![CDATA[Trafigura Group]]></category>
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							<description><![CDATA[Staff at Trafigura Group worked with alleged fraudster Prateek Gupta to ensure that their dealings would not raise the suspicion of key lender Citigroup Inc., according to messages made public in the court battle between the two sides. The revelation &#8230;]]></description>
		
		
		
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		<title>Billionaire Reuben Brothers Sue Trafigura Over Nickel Fraud</title>
		<link>https://www.insurancejournal.com/news/international/2023/06/19/725794.htm</link>
		
					<dc:creator><![CDATA[Jack Farchy]]></dc:creator>
					<pubDate>Mon, 19 Jun 2023 05:30:02 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[cargo insurance]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[Hyphen Trading]]></category>
		<category><![CDATA[metals fraud]]></category>
		<category><![CDATA[nickel fraud]]></category>
		<category><![CDATA[Risk Management]]></category>
		<category><![CDATA[Trafigura Group]]></category>
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							<description><![CDATA[Trafigura Group is being sued by the billionaire Reuben brothers, as the fallout of a massive nickel fraud reverberates through global metal markets and ensnares some of the industry&#8217;s best-known figures. Legal filings seen by Bloomberg News shed new light &#8230;]]></description>
		
		
		
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		<title>Commodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel Fraud</title>
		<link>https://www.insurancejournal.com/news/international/2023/02/10/707538.htm</link>
		
					<dc:creator><![CDATA[Jack Farchy]]></dc:creator>
					<pubDate>Fri, 10 Feb 2023 16:17:47 +0000</pubDate>
				<category><![CDATA[International & Reinsurance News]]></category>
		<category><![CDATA[cargo insurance]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[Hyphen Trading]]></category>
		<category><![CDATA[metals fraud]]></category>
		<category><![CDATA[nickel fraud]]></category>
		<category><![CDATA[Risk Management]]></category>
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							<description><![CDATA[Commodity trader Trafigura Group is facing more than half a billion dollars in losses after discovering metal cargoes it bought didn&#8217;t contain the nickel they were supposed to. nickel fraud Trafigura has spent the past two months uncovering what it &#8230;]]></description>
		
		
		
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