Markets/Coverages: RSA Insurance and Brit Launch Project Cargo Consortium January 9, 2024 RSA Insurance’s UK Specialty Lines business and Brit Ltd. have announced the launch of a new Project Cargo consortium, called...
Here Are Details of Trafigura’s Suit Against Businessman Gupta in Alleged Nickel Fraud December 6, 2023 Indian businessman Prateek Gupta asked a London judge on Tuesday to lift an order freezing his personal and business assets,...
Trafigura Staff Tried to Hide Nickel ‘Red Flags,’ Gupta Says in Court Document December 6, 2023 By Jack Farchy, Jonathan Browning and Archie Hunter Staff at Trafigura Group worked with alleged fraudster Prateek Gupta to ensure that their dealings would not raise the suspicion...
4 Billion Pieces of Paper Keep Global Trade Afloat but Fraud Fuels Push to Digitize October 4, 2023 By Archie Hunter They are relatively easy to fake. Frequently get lost. And can add huge amounts of time to any journey. Yet...
Insurtech MGA Loadsure Partners With WeatherOptics to Boost Cargo Risk Calculations September 27, 2023 Loadsure, the London-based insurtech and managing general agent, has partnered with WeatherOptics, a leading weather intelligence platform, with the aim...
Copper Producer Aurubis Says Metal Scam Cost It €185 Million September 22, 2023 By Thomas Biesheuvel Europe’s top copper producer Aurubis AG said a massive scam involving shipments of scrap metal cost it €185 million. Aurubis...
Another Metals Trading House Says It Has Been Hit by a Nickel Fraud August 25, 2023 By Archie Hunter, Alfred Cang and Jonathan Browning Another trading house has been stung after buying a cargo supposedly containing nickel that turned out to be full of...
Markets/Coverages: Insurtech Loadsure Launches Ocean Cargo, Stock Throughput Cover July 21, 2023 Insurtech Loadsure announced the launch of digital ocean cargo and stock throughput insurance products: “Danube – Dynamic Ocean Cargo Insurance”...
Billionaire Reuben Brothers Sue Trafigura Over Nickel Fraud June 19, 2023 By Jack Farchy, Alfred Cang and Joe Deaux Trafigura Group is being sued by the billionaire Reuben brothers, as the fallout of a massive nickel fraud reverberates through...
Markets/Coverages: Insurtech Parsyl Launches $20M Lloyd’s Consortium for Perishable Cargo April 5, 2023 Parsyl, the Denver-based insurer of essential supply chains, announced the launch of its new Essential Consortium at Lloyd’s of London....