Ireland, Luxembourg Lag in Support for Policing EU Data Privacy Compliance June 25, 2020 By Foo Yun Chee Ireland and Luxembourg, European headquarters to Google, Facebook, Twitter and Amazon, need a substantial boost in resources to deal with...
Bayer Gambles on Science to Let It Keep Selling Roundup, Mitigate Future Claims June 25, 2020 By Tina Bellon FRANKFURT/NEW YORK— Seeking to forestall further claims, Bayer AG is taking a risky bet that an independent scientific review will...
‘The Money’s Gone’: Wirecard Collapses Owing $4 Billion June 25, 2020 By Douglas Busvine, Jörn Poltz and Arno Schuetze Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books in Germany’s worst...
COVID-19 Could Rank Among Re/Insurance Sector’s Most Expensive Events: Carpenter June 25, 2020 Although considerable uncertainty remains over its ultimate cost, the COVID-19 pandemic looks set to rank among the re/insurance sector’s most...
Investment Manager Nephila Capital to Launch Lloyd’s Syndicate with ILS Specialty June 24, 2020 Nephila Capital announced that the Lloyd’s Council has given in-principle approval to Nephila’s plan to form a new syndicate. Bermuda-based...
U.S. Economic Losses from Severe Weather During May Topped $4 Billion: Aon June 24, 2020 Severe weather outbreaks across the United States, with a lot of hailstorm damage, resulted in another costly month for insurers...
More Than 10,000 People Join Lawsuit Against EasyJet for Massive Data Breach June 24, 2020 By Anthony Aarons EasyJet Plc faces a lawsuit over a data breach disclosed last month that potentially exposed private details of 9 million...
Global Institutional Investors, Including Insurers, Urge Brazil to Control Deforestation June 24, 2020 By Jake Spring A group of 29 global investment firms that manage $3.7 trillion are demanding meetings with Brazilian diplomats around the world...
UK, EU Likely to Miss Deadline for Accessing Financial Services After Brexit: Sources June 24, 2020 By Huw Jones Britain and the European Union are set to miss their end-June deadline for assessing future cross-border trade in financial services,...
Tropical Storm Dolly Becomes 4th Named Storm with Early Start to Hurricane Season June 24, 2020 By Brian K. Sullivan Tropical Storm Dolly spun up southeast of Halifax, Nova Scotia, becoming the Atlantic’s fourth named storm of 2020, marking the...