From Enron to Wirecard – Big 4 Accounting Firms Still Face Systemic Problems July 2, 2020 By Ellen Milligan and Hugo Miller Two decades of financial disasters from Enron Inc.’s collapse in 2001 to Wirecard AG’s meltdown have left the Big Four...
S. African Insurers Are Pushed to Pay COVID-19 Business Interruption Claims July 2, 2020 Virus-related claims from just over 500 small South African firms battling insurers who have rejected them are worth up to...
UK Insurers, Banks Must Be Ready to Manage Climate Risks by End of 2021: BoE July 1, 2020 By Huw Jones Banks and insurers in Britain must implement by the end of 2021 plans they have drawn up to deal with...
Marsh JLT Special Names Johnson Chair of UK Construction, Infrastructure & Surety July 1, 2020 Marsh, the insurance broker and risk adviser, announced the appointment of Mike Johnson as chairman of the UK Construction, Infrastructure...
Allianz Global Corporate & Specialty Restructures to ‘Regain Profitability’ July 1, 2020 Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, is embarking on restructuring program, designed “to regain...
Allianz Ends Relationship with Wirecard Amid Accounting Scandal July 1, 2020 Allianz said on Wednesday that it was ending its relationship with Wirecard Bank and removing from the market a mobile...
UK Proposals for Financial Services ‘Unacceptable:’ EU Brexit Negotiator July 1, 2020 By Huw Jones LONDON – British proposals to give the City of London access to the European Union are “unacceptable” because they seek...
Aon Reverses Salary Cuts Implemented in May for Most Employees June 30, 2020 By L.S. Howard Aon will end the salary cuts implemented in May as a response to the economic uncertainties caused by the COVID-19...
Australia to Spend Nearly $1 Billion on Cyber Security During Next Decade June 30, 2020 By Colin Packham SYDNEY – Australia will spend A$1.35 billion ($926.1 million) over the next 10 years to boost its cyber security defenses,...
Potential New ‘Pandemic Virus’ Has Been Found in Chinese Pigs, Warns Study June 30, 2020 By David Stanway SHANGHAI – A new flu virus found in Chinese pigs has become more infectious to humans and needs to be...