Swiss Cryptocurrency Fundraiser to Pay Tezos Investors $25M to Settle Class Action September 2, 2020 By Anna Irrera and Steve Stecklow A three-year-long U.S. court battle over a cryptocurrency fundraiser, one of the largest initial coin offerings ever, has ended with...
AM Best Finds Global Reinsurers ‘Maintain Equilibrium’ Through COVID-19 September 2, 2020 Ratings agency AM Best says its continued stable outlook on the global reinsurance industry reflects negative market forces largely driven...
Indonesia’s PasarPolis Insurtech Raises $54 Million September 2, 2020 The Indonesian digital insurance agency PasarPolis said it raised $54 million in a Series B funding round, in what it...
With Insurance and Gold, Amazon’s Pushing to Make India Its Fintech Center September 2, 2020 By Sankalp Phartiyal and Nupur Anand NEW DELHI/MUMBAI — Amazon.com Inc. has added insurance and even gold to its menu of financial services in India, to...
QBE CEO Regan Exits After Investigation Into Female Employee’s Complaint September 1, 2020 By L.S. Howard QBE Insurance Group’s Chief Executive Officer Pat Regan is departing the insurer after an external investigation found his workplace communications...
Brazilian Reinsurer IRB Still Faces Liquidty Gap, Says CEO September 1, 2020 By Aluísio Alves Brazil’s largest reinsurer, IRB Brasil Resseguros SA, has concluded a 2.3 billion reais ($420 million) capital increase to address liquidity...
North Korean Hackers Targeting Banks Around the Globe September 1, 2020 By Christopher Bing North Korean hackers are tapping into banks around the globe to make fraudulent money transfers and cause ATMs to spit...
China Reinsurance Group’s Premiums Rise 20% in First Half September 1, 2020 By Andrew G. Simpson In the first half of 2020, China Re Group Corp. enjoyed rapid growth in premiums and steady profitability despite the...
United Arab Emirates Ends Boycott, Opening Commerce With Israel August 31, 2020 By Jon Gambrell DUBAI, United Arab Emirates —The ruler of the United Arab Emirates issued a decree Saturday formally ending the country’s boycott...
Pandemic Shows Why Climate Change Is Major Economic Risk, Says Europe’s Schnabel August 31, 2020 By Balazs Koranyi and Frank Siebelt The coronavirus pandemic demonstrates in the clearest terms why central banks must take a bigger role in fighting climate change...