S. Africa Insurer Santam Begins Processing 4,000 Business Interruption Claims January 25, 2021 By Promit Mukherjee JOHANNESBURG— South African insurer Santam Ltd. said on Monday it will start processing business interruption claims for all commercial policies...
Libor Remains a Big Problem, But At Least It’s Getting Smaller January 25, 2021 By William Shaw and Alexandra Harris Untangling the vast global derivatives industry from Libor just got a bit easier. The London interbank offered rate is hardwired...
Australian Securities Regulator Suffers Cyber Security Breach January 25, 2021 Australia’s securities regulator said on Monday there was a cyber security breach at a server it used to transfer files...
Nearly Two-Thirds of Global Catastrophe Economic Losses Unaddressed by Insurance January 25, 2021 There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above...
‘Totally Destroyed’ Indonesia Jet in Java Sea Makes Search Almost Impossible January 25, 2021 By Will Davies Bayu Wardoyo tends to skip the 6 a.m. breakfast of Indonesian fried rice served to divers on the ship searching...
Volkswagen Talks Damages Claims Against Chip Suppliers Over Shortages January 25, 2021 By Michael Nienaber German car manufacturer Volkswagen is in talks with its main suppliers about possible claims for damages due to a shortage...
Brazil Miner Vale, State Authorities Narrow Differences in Disaster Settlement: Reuters January 25, 2021 By Marta Nogueira Brazilian miner Vale SA and state authorities narrowed their gap in a potential settlement deal over the Brumadinho mining disaster...
Lloyd’s Appoints Aviva’s Tiernan to New Chief of Markets Position January 22, 2021 Patrick Tiernan will be joining Lloyd’s of London in the newly-created role of chief of Markets, where he will will...
Investors Suing Bayer Blame Drop in Stock on Buying Monsanto, Roundup January 22, 2021 Two law firms are suing Bayer for damages on behalf of shareholders, claiming the German group’s management should have warned...
China Says Its Fintech Antitrust Moves Not Targeted at Private Banks, Insurers January 22, 2021 By Brenda Goh, Zhang Yan, Cheng Leng and Tina Qiao China’s recent antitrust measures are not aimed at its private sector and do not seek to hinder the development of...