Xenia Broking to Acquire UK-Based Credit Insurance Alliance (Brokers) April 14, 2021 Xenia Broking Group, the London-based credit insurance and surety specialist, announced it has entered into an agreement to acquire Credit...
Credit Suisse’s Greensill Insurance Mystery Involves Tokio Marine, Marsh April 1, 2021 By Tom Bergin Credit Suisse told investors the debt in its $7.3 billion finance fund was low risk because it was insured but...
Insurer Tokio Marine Expects No Material Impact on 2021 Results from Greensill Collapse March 23, 2021 TOKYO – Japanese insurer Tokio Marine Holdings Inc said on Tuesday it currently expects no material impact on its results...
Greensill Capital Collapse Exposes Less-Than-Adequate Technological Capabilities March 22, 2021 By Lucca de Paoli Lex Greensill promoted his business as the future of finance, talking up a technology superior to Wall Street rivals that...
Greensill Capital Creditors, Led by Softbank, Submit More Than $1.4 Billion in Claims March 19, 2021 By Paulina Duran SYDNEY – Thirty-four creditors of Greensill Capital Pty, the Australian parent of the collapsed British supply chain financier, submitted over...
Tokio Marine Faces Larger-Than-Expected Exposure to Greensill Capital Meltdown March 19, 2021 By Patrick Winters and Taiga Uranaka Tokio Marine Holdings Inc. is facing a larger-than-expected exposure to the Greensill Capital meltdown after finding that reinsurance contracts intended...
Xenia Broking to Acquire Status Credit Insurance Brokers in UK March 17, 2021 Xenia Broking Group, the credit insurance and surety specialist, announced it has entered into an agreement to acquire Status Credit...
Credit Suisse Investors Express Concern About Fallout from Greensill Collapse March 16, 2021 By Brenna Hughes Neghaiwi, Carolyn Cohn and Oliver Hirt ZURICH — Credit Suisse warned it may have to book a charge over its dealings with Greensill, as scrutiny grows...
Credit Suisse Risk Officer Discovered in February Greensill’s Insurance Would Expire March 16, 2021 ZURICH – Credit Suisse’s Chief Risk and Compliance Officer Lara Warner was not aware until late February that insurance related...
Credit Suisse Freezes More Supply Chain Finance Funds as Greensill Scandal Widens March 12, 2021 By Patrick Winters Credit Suisse Group AG froze four more funds that invested in the bank’s $10 billion supply chain finance strategy, adding...