After FTX Collapse, Pressure Builds for Tougher Rules for Cryptocurrencies December 2, 2022 Regulators must step in to protect crypto investors after the collapse of FTX, financial industry executives and lawmakers said at...
Record UK Bird Flu Outbreak Wipes Out Half of Free-Range Turkeys December 2, 2022 A record bird flu outbreak in the UK has resulted in culling of almost half of the nation’s free-range turkeys...
KKR Used Equity Rather Than Debt to Fund Acquisition of Broker April Group December 2, 2022 By Claire Ruckin and Silas Brown KKR & Co.’s buyout of a French insurance broker is offering a window into the diminishing power of Wall Street’s...
UK ‘Just Getting Started’ on Post-Brexit Boost to London’s Competitiveness: Minister December 1, 2022 By Huw Jones Britain is just at the beginning of post-Brexit efforts to keep London a top global financial center, but deregulation will...
People Moves: Convex Re Bermuda Names AXA XL’s Simons Deputy CEO, Promotes Slater to CUO; AGCS Promotes Zschech to Head of Industry Solutions & Client Mgmt December 1, 2022 This edition of International People Moves details appointments at Convex Re Bermuda and Allianz Global Corporate & Specialty (AGCS). A...
Google Sued in UK by 130,000 Alleged Victims of Its Online Advertising Dominance December 1, 2022 By Stephanie Bodoni Google and its parent Alphabet Inc. were sued in a UK court over alleged antitrust abuses in a group claim...
Howden Acquires Australian Specialty Broker AlphaXO Risk Partners December 1, 2022 Howden, the London-based insurance broker, announced it has increased its shareholding to 100% in AlphaXO Risk Partners, an Australian specialty...
Dutch Court Denies RWE and Uniper Compensation for Closure of Coal-Fired Plants December 1, 2022 The Dutch state does not have to compensate German energy suppliers RWE and Uniper for the decision to close coal-fired...
Insurance Broker BMS Group’s Owners Weigh Its Sale, With £600 Million Valuation November 30, 2022 By Jan-Henrik Förster British Columbia Investment Management Corp. and Preservation Capital Partners are considering a sale of BMS Group that could value the...
Bitcoin Is Being Artificially Propped Up and Shouldn’t Be Legitimized: ECB November 30, 2022 Bitcoin is being artificially propped up and should not be legitimized by regulators or financial companies as it is more...