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...
Italy OKs Treasury Taking Control of Credit Insurance Agency SACE January 25, 2022 By Giuseppe Fonte Italy approved a long-awaited decree needed for the Treasury to buy credit insurance agency SACE from state lender Cassa Depositi...
Willis Towers Watson Launches Risk and Analytics Model for Trade Credit Insurance December 22, 2021 Willis Towers Watson announced it has launched a new risk and analytics model for the trade credit market. The model...
Pro MGA Solutions Provides MGA Incubator Platform for Tierra Underwriting Ltd. December 20, 2021 Global re/insurance adviser Pro Global Holdings Ltd. announced the incubation of environmentally focused managing general agent, Tierra Underwriting Ltd., by...