Britain’s Financial Conduct Regulator Admits Data Breach February 25, 2020 Britain’s Financial Conduct Authority (FCA) has admitted an accidental leak of confidential information, including the names and some contact details...
Coronavirus Fears Drive Up Credit Risk for Gulf Crude Exporters February 25, 2020 By Davide Barbuscia The cost of insuring against sovereign debt defaults by Gulf Arab states has risen in recent days as markets price...
Coronavirus Update: On Decline in China But of Rising Concern in South Korea, Italy, Iran February 25, 2020 By Parisa Hafezi and Ryan Woo Iran’s coronavirus death toll rose to 16 on Tuesday, the most outside China, heightening its international isolation as dozens of...
2 Tropical Cyclones Trigger Heavy Rainfall, Flooding in Jakarta February 25, 2020 By Tassia Sipahutar and Arys Aditya Parts of Indonesian capital and its suburbs were flooded after two tropical cyclones off the nation’s coast triggered heavy rainfall...
Arch Capital to Buy 29.5% Stake in French Credit Insurer Coface February 25, 2020 Arch Capital Group Ltd. has entered into a share purchase agreement with Natixis regarding the acquisition of a 29.5% stake...
Brazil’s Vale Knew Deadly Tailings Dam Was Unsafe as Far Back as 2003: Report February 24, 2020 By Anthony Boadle and Gram Slattery An independent investigation requested by Brazilian iron ore miner Vale SA into the causes of the Brumadinho tailings dam disaster...
Aon Names Andersen President, While Former Co-President O’Connor Exits February 24, 2020 Aon plc named Eric Andersen as president of Aon, reporting to Greg Case, the firm’s CEO. Since May 2018, Andersen...
Saudi Arabia’s Regulator Plans to Raise Capital Requirements for Insurers February 24, 2020 By Yousef Gamal El-Din, Vivian Nereim and Matthew Martin Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom’s overcrowded insurance sector, its central...
Korean Re to Open Office in Bogota, Colombia, for Latin America Growth February 24, 2020 Korean Reinsurance Co. obtained approval on Feb. 18, 2020 to open a representative office in Bogota, Colombia. This move is...
Financial Services Firms Risk $1 Trillion in Losses from Climate Change: Report February 24, 2020 By Iain Withers The world’s financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate...