Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s October 10, 2024 By L.S. Howard The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a...
Southern Water’s Credit Risk at Record High Amid Thames Water Woes October 1, 2024 By Laura Benitez and Giulia Morpurgo Southern Water’s credit risk has soared to a record high in recent days as hedge funds scramble to protect themselves...
Broker Clear Group Buys UK Credit Insurance Specialist Rycroft Associates June 14, 2024 The Clear Group, the London-based independent broker, announced it has acquired the book and assets of credit insurance broker Rycroft...
Zombies: Ranks of World’s Most Debt-Hobbled Firms Soaring, and Not All Will Survive June 13, 2024 By Bernard Condon They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival,...
Thames Water Debt Insurer Taps Advisers as Crisis Deepens April 26, 2024 By Jessica Shankleman, Giulia Morpurgo and Lucca de Paoli A US insurance firm with at least $2 billion in exposure to Thames Water Utilities Finance Plc is working with...
Double Whammy of Insurance and Energy Costs to Trigger UK Insolvencies, PwC Warns January 26, 2023 By Irina Anghel More than 30,000 British companies went bust last year, with accountants warning of a “double whammy” to come in April...
UK Financial Services Firms Fear Rise in Loan Defaults: CBI/PwC Survey January 12, 2023 By Tom Metcalf An increasing number of the UK’s financial services firms expect a rise in loan defaults in the next three months,...
Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s January 10, 2023 By Juliette Portala Economic and political turbulence caused by the COVID-19 pandemic and Russia’s invasion of Ukraine will be likely to heighten environmental,...
3 Australian Banks Settle Class Action Lawsuits Over Sale of Credit Insurance Products November 14, 2022 Three of Australia’s “big four” banks settled separate class action lawsuits for A$126 million ($84.51 million) with Slater & Gordon,...
Dutch Government to End Credit Insurance for Fossil Fuel Exports November 4, 2022 The Dutch government on Thursday said it intends to stop giving companies and banks credit insurance for exports in the...