Deepfake Imposter Scams Are Driving a New Wave of Fraud August 23, 2023 By Nabila Ahmed, Adam Haigh and Ellie Harmsworth Computer-generated children’s voices so realistic they fool their own parents. Masks created with photos from social media that can penetrate...
US Insurance Giant Marsh Set for $448 Million Honan Deal August 21, 2023 By Harry Brumpton, Manuel Baigorri and Nabila Ahmed Marsh has agreed to acquire Honan Insurance Group Pty Ltd. as the US insurance broker giant seeks to expand its...
Regulator Tells Australian Banks to Boost Cyber-Attack Defenses March 28, 2023 By Nabila Ahmed and Carmeli Argana Australia’s financial institutions must improve their resilience to cyberattacks, the head of the nation’s banking regulator said Tuesday. A recent...
Australia Insurtech Startup Cover Genius Raises Funds, Boosting Valuation to A$1 Billion September 28, 2021 By Nabila Ahmed Australian insurance startup Cover Genius Pty Ltd. boosted its valuation to A$1 billion ($729 million), after raising A$100 million [$72.8...
China’s Alibaba Blasted by State Media for Delay in Handling Sexual Assault Accusation August 10, 2021 By Nabila Ahmed SHANGHAI – China’s biggest online commerce firm, Alibaba Group Holding Ltd, on Monday said it had fired a manager accused...
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...
Assured Guaranty to Take Over BlueMountain Capital for $160 Million August 8, 2019 By Nabila Ahmed and Hema Parmar Assured Guaranty Ltd. has agreed to take over BlueMountain Capital Management, the $19.3 billion money manager that has come under...
Merger Deals Now Include #MeToo Sexual Harassment Clauses August 9, 2018 By Nabila Ahmed On Wall Street, it’s known as “the Weinstein clause.” Advisers are adding guarantees to certain merger agreements in light of...