Meta Platforms Accused in Lawsuit of Amplifying Hate Speech in Africa December 14, 2022 By Olivia Solon, Loni Prinsloo and Bella Genga Meta Platforms Inc. is facing a lawsuit in Kenya’s high court accusing the company of failing Africans by amplifying hate...
Underwriting the Transition: Chaucer, Moody’s Break New Ground With ESG Scorecard December 14, 2022 By L.S. Howard As corporations increasingly navigate the environmental, social and governmental (ESG) landscape, they require tools and benchmarking to help them meet...
Climate Change Could Cost Pension Funds Billions of Euros: EU Watchdog December 14, 2022 By Huw Jones Pension funds across the European Union would lose billions of euros from their investments in polluting industries without action to...
UK Non-Bank Institutions (Such as Insurers) Face 1st Stress Test After Pensions Turmoil December 13, 2022 By Huw Jones and David Milliken Investment funds and other non-bank financial institutions face their first “stress test” next year to apply lessons from the near-meltdown...
Generali Raises Projected Profit Boost From Purchase of Cattolica December 13, 2022 Italy’s biggest insurer Generali on Tuesday raised the projected boost to its earnings from last year’s purchase of smaller rival...
Insurers and Turkey Reach Deal to Let Oil Tankers Sail Unhindered: Norway’s Gard December 13, 2022 Norwegian ship insurer Gard said on Tuesday that an agreement had been reached between Turkey and insurers to enable vessels...
Indian Tycoon Birla Weighs Selling Insurance Brokerage Unit: Sources December 13, 2022 By Anto Antony Aditya Birla Capital Ltd., controlled by billionaire Kumar Mangalam Birla, is considering selling its insurance brokerage unit as the group...
FTX Founder Bankman-Fried Arrested in Bahamas at Behest of U.S. Prosecutors December 13, 2022 By Jasper Ward, Luc Cohen and Angus Berwick FTX founder Sam Bankman-Fried was arrested in the Bahamas at the behest of U.S. prosecutors on Monday, the day before...
Russia Insurer Ingosstrakh Has No Plans to Fill Insurance Gap Caused by Sanctions December 13, 2022 Russian insurer Ingosstrakh said on Monday it has no plans to offer policies to new clients who may lose coverage...
UK’s Post-Brexit Financial Services Reforms Fall Short of Promised ‘Big Bang’ December 12, 2022 The UK set out a package of financial services reforms that cuts across dozens of areas but fell short of...