Tech Firms Under More Scrutiny and Unhappy with Their D&O Insurance March 31, 2021 With premiums rising and carriers narrowing their terms and conditions, technology companies’ satisfaction with their directors and officers (D&O) liability...
Steinhoff International’s Insurers Agree to Pay $93 Million for Directors’ Liability Claims March 23, 2021 By Janice Kew Most of the insurers that provided Steinhoff International Holdings NV with director-liability policies have agreed to pay as much as...
S. Africa’s Steinhoff in Talks with D&O Insurers to Help Settle Accounting Crisis Claims March 1, 2021 By Janice Kew Steinhoff International Holdings NV is in talks with the providers of director liability insurance policies about help settling legal claims...
D&O-Focused MGA, Rising Edge, to Launch in 1st Half February 26, 2021 Rising Edge, a London-based managing general agent (MGA), writing directors’ and officers’ (D&O) insurance, is set to launch in the...
UK Company Directors Could Become Personally Liable for Financial Statements February 8, 2021 By Huw Jones LONDON – Company directors would become personally liable for the accuracy of their financial statements under landmark proposals from Britain’s...
UK Fines MT Global $32 Million for Money Laundering Breaches January 8, 2021 Britain’s tax authority has slapped a record 23.8 million pound ($32.4 million) fine on MT Global Ltd, a private money...
Brazil Petrochemical Company Braskem Settles Lawsuits over Sinking City for $1.75B January 4, 2021 BRASILIA – Brazilian petrochemical company Braskem SA said on Wednesday it reached a 9.1 billion reais ($1.75 billion) deal to...
Cigna’s CEO and Board Sued for ‘Black-Ops-Style’ Tactics to Kill Merger with Anthem November 24, 2020 By Michael Leonard and Jef Feeley Cigna Corp.’s chief executive officer and board used “black-ops-style” tactics in a covert campaign to “blow up” a $48 billion...
Apple Faces Shareholder Class-Action Suit over CEO’s China Sales Comments November 6, 2020 By Jonathan Stempel Apple Inc has been ordered to face a proposed class-action lawsuit by shareholders who accused Chief Executive Tim Cook of...
Mining Giants BHP, Vale Accused of Colluding to Cut Payouts to Victims of Dam Collapse October 26, 2020 Brazilian federal prosecutors have accused mining giants BHP and Vale of colluding with a lawyer to reduce compensation for victims...