Uber Loses London License for Failures on Safety and Security November 25, 2019 By Costas Pitas The Uber ride-hailing service was stripped of its London operating license on Monday for the second time in just over...
Philippines Taps Catastrophe Bonds to Help Pay for Natural Disasters November 25, 2019 By Siegfrid Alegado and Denise Wee The Philippines, among the world’s most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major...
Boeing Settles More Than 60 Wrongful Death Cases Filed After Lion Air Crash November 22, 2019 By Janan Hanna A Boeing Co. lawyer said the aircraft maker has reached settlements in more than 60 wrongful death cases filed after...
Australia’s Westpac Bank Apologizes for Money Laundering, Links to Child Abuse Funds November 22, 2019 By Peter Vercoe Westpac Banking Corp.’s board stood behind its management team on Friday, offering embattled chief executive Brian Hartzer some respite from...
Arch Re to Buy Aspen Re’s Global Credit and Surety Reinsurance Business November 22, 2019 Arch Reinsurance, a subsidiary of Arch Capital Group Ltd., is acquiring Aspen Reinsurance’s global credit and surety reinsurance business after...
Uber in London Awaits Decision on License Renewal in Its Important European Market November 22, 2019 By Nate Lanxon London’s transit authority is set to announce as soon as Monday whether it will grant Uber Technologies Inc. a new...
Mitsui Sumitomo Insurance’s Rating Unchanged with Reorganization: AM Best November 21, 2019 The financial and credit ratings of Mitsui Sumitomo Insurance Co. (MSI) remain unchanged following an announcement by its parent company,...
Australia Court Rules Against Johnson & Johnson in Pelvic Mesh Class Action November 21, 2019 By Sonali Paul More than 1,350 Australian women won a seven-year-old class action lawsuit on Thursday against Johnson & Johnson (J&J) for misleading...
OxyContin Marketed in China as Being Less Addictive — A Familiar Misleading Claim November 21, 2019 By Erika Kinetz Thousands of lawsuits across the United States have accused a drug company owned by the billionaire Sackler family of using...
Sedgwick Taps Manning from Crawford as Head of Client Services, International Division November 21, 2019 Sedgwick, the global provider of risk, benefits and integrated business solutions, announced the appointment of Wayne Manning as head of...