Cat Bond Investors Demand Higher Premiums as Weather Becomes More Extreme January 11, 2023 By Lucca de Paoli and Tasos Vossos Investors in the $35 billion catastrophe bond market are demanding the highest premiums in years to cover issuers against disasters,...
Greensill Capital Still Has $9.3B to Pay on Its Notes After Its Collapse a Year Ago April 8, 2022 By Lucca de Paoli Greensill Capital collapsed more than a year ago, but $9.3 billion of assets sold to investors as notes are yet...
London Insurance Brokers Probed for Bribery and Corruption by UK Serious Fraud Office March 25, 2022 By Ellen Milligan and Lucca de Paoli A handful of London insurance firms are being investigated for bribery and corruption by the UK’s Serious Fraud Office, according...
UK Regulator Warns Firms to Protect Customers in Liability Management Schemes January 25, 2022 By Lucca de Paoli The UK’s markets watchdog warned it will come down hard on struggling firms that leave customers out of pocket when...
Generali, Allianz Are Among Suitors for NN Group’s Asset Manager Arm: Sources June 4, 2021 By Jan-Henrik Förster, Sonia Sirletti and Lucca de Paoli DWS Group and Assicurazioni Generali SpA are among suitors that submitted initial bids this week for the asset management arm...
Greensill Capital Collapse Exposes Less-Than-Adequate Technological Capabilities March 22, 2021 By Lucca de Paoli Lex Greensill promoted his business as the future of finance, talking up a technology superior to Wall Street rivals that...
Here’s a Rundown of How Greensill Unraveled, the Key Players, and What Could Be Next March 9, 2021 By Lucca de Paoli Lex Greensill’s business has unraveled at a blistering pace, leaving a tangled trail of destruction all around it. On Monday,...
Credit Suisse Knew Frozen Greensill Funds’ Insurance Cover Relied on One Insurer: Report March 8, 2021 By Lucca de Paoli, Luca Casiraghi and Donal Griffin Long before Credit Suisse Group AG was forced to wind down a $10 billion group of funds it ran with...
Seeds of Greensill Capital’s Swift Fall Triggered When Credit Insurer Balked at Renewal March 3, 2021 By Lucca de Paoli and Nabila Ahmed The seeds for the rapid disintegration of Lex Greensill’s empire were sown eight months ago, when a little-known Australian insurer...
Investors Eye Windfall From Denied COVID-19 Insurance Claims February 12, 2021 By Jef Feeley and Lucca de Paoli A growing market niche where investors profit from others’ legal troubles is getting a boost from Covid. Distressed-investing funds and...