Ex-Allianz Fund Manager Avoids Jail Over $3 Billion Collapse December 9, 2024 By Bob Van Voris A former Allianz SE hedge-fund manager avoided prison and will instead spend 18 months in home confinement for fraudulently inflating...
FCA Says Ex-Barclays CEO Staley Misled it Over Epstein Contacts During Probe November 19, 2024 Ex-Barclays CEO Jes Staley gave misleading answers to Britain’s Financial Conduct Authority about his dealings with Jeffrey Epstein when it...
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...
D&O Market in ‘State of Transition’ on Litigation Trends: Woodruff Sawyer September 16, 2024 By Chad Hemenway It looks like the market for directors and officers insurance is shifting, according to Woodruff Sawyer, with the number of...
WTW: US Commercial Insurance Price Increases in Q1 ‘Steady’ at 6.3% June 11, 2024 Broker WTW said commercial lines insurance increased overall by an average of 6.3% during the first quarter. Quarterly price increases...
Standard Chartered Faces £1.5 Billion UK Claim in Iran Sanction Case April 24, 2024 By Upmanyu Trivedi Standard Chartered Plc is facing about £1.5 billion ($1.9 billion) worth of investor claims at a London trial over allegations...
Markets/Coverages: AXA XL’s Bermuda Professional Lines Team Enhances D&O Policy April 11, 2024 AXA XL’s Bermuda Professional Lines Team has launched a new lead difference-in-conditions (DIC) directors and officers liability policy. “AXA XL...
Suncor’s Syncrude Canada to Pay C$390,000 After Worker Fatality April 9, 2024 By Nia Williams Oil sands producer Syncrude Canada, majority-owned by Suncor Energy, will pay C$390,000 ($287,187.04) after pleading guilty to a health and...
US D&O Insurance Segment’s Improved Results Unlikely to Be Sustainable: Fitch April 4, 2024 By L.S. Howard The U.S. directors and officers (D&O) liability insurance segment’s strong underwriting profit of 2023 is unlikely to be sustainable, according...
Former VW Chief Tells Court He Didn’t Deceive Investors Over Dieselgate February 14, 2024 Former Volkswagen chief executive Martin Winterkorn told a German court on Wednesday he did not deceive investors over the carmaker’s...