Brit Launches the First ILS Fund at Lloyd’s December 9, 2019 Specialty insurer Brit Ltd. has launched Sussex Specialty Insurance Fund to offer insurance linked securities (ILS) investors access to Lloyd’s...
EU Regulators to Weigh If Antitrust Rules Fit for Today’s Global, Digital Markets December 9, 2019 By Foo Yun Chee EU regulators will review two-decade old rules that determine if companies have the market power to throttle rivals or control...
5 Dead, Others Missing After Volcano Erupts in New Zealand December 9, 2019 By Charlotte Greenfield New Zealand police said early on Tuesday they did not expect to find any more survivors from a volcanic eruption...
Big Tech May Be Required to Share Customer Data with Financial Firms December 9, 2019 By Huw Jones Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and...
World Health Experts Warn Nipah Virus from Bats Poses ‘Serious Epidemic Potential’ December 9, 2019 By Kate Kelland A deadly virus called Nipah carried by bats has already caused human outbreaks across South and South East Asia and...
New Delhi Factory Fire Takes 43 Lives December 8, 2019 By Bibhudatta Pradhan and Rahul Satija At least 43 people died in a blaze in New Delhi early Sunday morning, authorities said. The fire broke out...
UK Judge Blocks Nigerian Court’s Oil Spill Damages Order Against Shell December 8, 2019 By Eddie Spence Royal Dutch Shell Plc units won a UK ruling preventing London courts from enforcing a $516 million Nigerian judgment for...
Political Risk Losses Up in 2019, Hitting 68% of Surveyed Firms: WTW December 6, 2019 A survey of 41 major corporations by broker Willis Towers Watson found that 61% believe political risk levels increased in...
U.K. Investment Firm Centricus Forms Insurance Venture with Ex-Goldman Partner December 6, 2019 By Dinesh Nair Centricus, the U.K. investment firm that helped SoftBank Group Corp. raise its $100 billion Vision Fund, is entering the insurance...
Pirates Hijack Fully Loaded Supertanker Off Nigeria, Kidnapping 19 Crew December 6, 2019 By Olivia Konotey-Ahulu Pirates boarded a fully loaded supertanker off the coast of Nigeria, an act that is sure to ring alarm bells...