Southern Water’s credit risk has soared to a record high in recent days as hedge funds scramble to protect themselves against the possibility of default at the UK water company. The curve on the utility firm’s credit default swaps is …
Insurance payouts for Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd’s of London Chief Executive Officer John Neal. “This has the potential to be one of …
Fortress Investment Group LLC is pitching an investment opportunity within an increasingly popular yet controversial corner of finance — funding other companies’ legal battles. The private equity firm is raising its second fund to invest in legal assets, having already …
Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have warned. Admiral Group Plc will continue increasing motor insurance prices and expects the rest of the market to follow suit, …
The UK needs to accelerate reforms to help attract more investments, according to Legal & General Group Plc Chief Executive Officer Nigel Wilson. The Mansion House speeches on policy reforms in July have been very positive, but the government needs …
Pacific Investment Management Co. is considering joining hundreds of investors in challenging the Swiss regulator’s decision to wipe out about $17 billion of Credit Suisse Group AG bonds following the bank’s takeover by UBS Group AG. PIMCO, which filed a …
UK insurer Aviva Plc said demand for private health care continued to surge as more individuals and companies look for alternatives to the National Health Service. Private health insurance sales grew 25% in the first quarter, the UK based insurer …
A swathe of major UK companies, ranging from banks to supermarkets, have resigned from the Confederation of British Industry as the lobby group fights for survival following a number of allegations of sexual assault among its staff. BT Group Plc, …
Aviva Plc said it is seeing increased demand for private health insurance because of the strains the National Health Service has experienced since the pandemic. The UK insurer said Thursday that health insurance sales rose 14%. “We expect that to …
The cost of insuring Russia’s government debt surged to signal a record 99% chance of default within the year after its Finance Ministry paid some of its dollar bonds with rubles. Credit-default swaps insuring $10 million of the country’s notes …
