Greensill Creditors OK Australian Liquidation; Further Investigations Expected April 26, 2021 By Paulina Duran Creditors of Greensill Capital Pty, the Australian parent of the collapsed British supply chain financier, voted on Thursday to liquidate...
EU Privacy Supervisor Urges Ban on Facial Recognition Software April 26, 2021 By Foo Yun Chee Facial recognition should be banned in Europe because of its “deep and non-democratic intrusion” into people’s private lives, EU privacy...
Virgin Island Officials Investigating St. Croix Refinery Emissions April 26, 2021 By Laura Sanicola A “noxious” gaseous smell coming from St. Croix’s recently reopened refinery that caused schools to close was caused by excess...
Climate Change Activists Protest at Lloyd’s of London, Dumping a Load of ‘Coal’ April 23, 2021 By L.S. Howard Lloyd’s of London was the focus of climate change activists on Friday, when a group called “Insurance Rebellion” used a...
Cyber Attacks and Data Loss Are Top 2 Risks Facing Directors & Officers: WTW Survey April 23, 2021 By L.S. Howard Cyber attacks and data loss are the top two risks facing directors & officers, with pandemic-related changes in working practices...
Insurer for Ever Given Container Ship Appeals Detention by Egypt After Suez Grounding April 23, 2021 LONDON – UK Club, an insurer of the Ever Given cargo ship which ran aground in the Suez Canal in...
Lloyd’s Receives ‘AA-‘ from Its New Rating Agency KBRA April 23, 2021 Kroll Bond Rating Agency (KBRA) has assigned an “AA-” insurance financial strength rating (IFSR) to Lloyd’s with a stable outlook....
Up to 40% of Losses from Frost Damage at French Vineyards Are Uninsured April 23, 2021 PARIS – Frost damage to French vineyards this month could reduce wine production by nearly a third compared with recent...
Ex-Deloitte Auditor Faces Disciplinary Action for Improper Audit of S. Africa’s Steinhoff April 23, 2021 By Janice Kew An ex-Deloitte LLP partner is facing disciplinary action in the Netherlands for an improper audit of Steinhoff International Holdings NV...
AM Best Revises Outlooks to Positive for Convex Group’s Subsidiaries April 23, 2021 AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and...