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...
South Carolina Approves Cut in Credit Property Insurance Rates October 18, 2022 The South Carolina Department of Insurance has approved new, tentative rates for credit property insurance in the state. The allowed...
AGs: Lender Heaped Insurance Plans Onto Unwitting Borrowers August 18, 2022 A Maryland-based lender deceived its loan customers by selling them insurance policies they didn’t ask for or know about in...
Xenia Buys Majority Stake in Hong Kong’s Capstone Insurance Brokers April 13, 2022 Xenia Broking Group Ltd., the credit insurance and surety specialist broker, announced it has acquired a majority stake in Capstone...
Japanese Insurer Tokio Marine Says Greensill Obtained Policies Fraudulently April 4, 2022 Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did...