Insurers Say Forced Payouts for Excluded Virus Losses Risk Destabilizing Industry April 6, 2020 By Simon Jessop World insurers told governments on Monday that making them pay out on losses suffered due to the coronavirus that were...
After Australia’s 2019 Floods, Insurers Begin to Bail, Banks Keep Lending March 16, 2020 By Swati Pandey, Carolyn Cohn and Simon Jessop Only a year after losing their homes to floods in parts of Australia’s north eastern coast of Queensland, people are...
European Investors Urge Big-Four Auditors to Take Action on Climate Risks December 2, 2019 By Matthew Green and Simon Jessop European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action...
London Litigation Funder Burford Alleges Share Manipulation in Attack on Its Accounts August 15, 2019 By Iain Withers and Simon Jessop London-listed litigation funder Burford Capital said it has found evidence of suspect trading patterns in its shares around the time...
Prudential to Complete Split of Insurance, Asset Fund by Year’s End August 14, 2019 By Simon Jessop and Carolyn Cohn Britain’s biggest insurer Prudential will complete a planned break-up of the company by the end of the year, with its...
Aviva Gets Court Approval to Move Assets to Ireland as Part of Wider Brexit Wave February 20, 2019 By Huw Jones, Simon Jessop and Carolyn Cohn England’s High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around 9 billion pounds ($11.69 billion)...
UK’s Financial Services Industry Still Unscathed from Brexit Uncertainty: Reuters February 5, 2019 By Andrew MacAskill and Simon Jessop Britain’s financial services industry has emerged largely unscathed so far from the build-up to Brexit, with about 2,000 roles expected...
Danske Bank’s Money Laundering Could Implicate Other Banks: Whistleblower Lawyer November 15, 2018 By Kirstin Ridley and Simon Jessop Danske Bank’s 200 billion euro ($225 billion) money laundering scandal might be the “tip of the iceberg” and investigators should...
UK’s RSA Plans to Exit Three London-Based Global Business Lines November 14, 2018 By Simon Jessop and Emma Rumney RSA plans to pull out of several international business lines run out of London which it says are unlikely to...
Softbank Plans Big Push into Insurance Investments October 16, 2018 By Eric Auchard and Simon Jessop Softbank’s Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and...