South Africa Retailer Steinhoff Offers $1B to Settle Global Accounting Fraud Lawsuits July 27, 2020 South Africa’s Steinhoff has proposed to pay around $1 billion to settle outstanding legal claims following a massive accounting fraud,...
Third Wave of Severe Flooding Expected in China July 27, 2020 By Bloomberg News China warned that the worst of the deluges that have led millions to be evacuated may be yet to come,...
South African Insurer Santam to Pay Virus Relief to Clients with Biz Interruption Cover July 27, 2020 By Roxanne Henderson South Africa’s largest property and casualty insurer will pay as much as one billion rand ($60 million) in relief to...
Global Natural Catastrophe Losses During H1 Ranged from $68B to $75B: Munich Re, Aon July 24, 2020 By L.S. Howard Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during...
Facebook’s WhatsApp to Expand Indian Partnerships to Offer Pensions, Insurance July 24, 2020 By Sankalp Phartiyal Facebook Inc.’s WhatsApp plans to team up with more Indian lenders to expand banking services in rural areas and for...
London’s International Underwriting Association Publishes New Motor Terrorism Clause July 24, 2020 A new model clause for clarifying coverage of motor terrorism risks has been published by the International Underwriting Association. It...
Plastic Pollution in Oceans Expected to Triple by 2040 July 24, 2020 By Leslie Kaufman The annual flow of plastics into our oceans is on a trajectory to triple over the next 20 years, which...
London Broker Tysers Appoints Buesnel from Deloitte as CEO July 24, 2020 Tysers, the independent, London-based wholesale insurance broker, announced that Clive Buesnel will become its next chief executive officer, subject to...
German Prosecutors Arrest Ex-Wirecard Execs on Suspicion of Running Criminal Racket July 24, 2020 By Jörn Poltz German prosecutors arrested three former top executives of Wirecard on Wednesday, saying it suspected them of masterminding a criminal racket...
UK, EU Clash over Post-Brexit Trade Deal as End-of-Year Transition Period Looms July 24, 2020 By Elizabeth Piper and Gabriela Baczynska Britain and the European Union clashed on Thursday over the chances of securing a free trade agreement, with Brussels deeming...