World

Wendy Harris speaking during Royal Commission Misconduct Financial Services Industry hearing

Greed-driven misconduct exposes Australia’s banking sector

Australia’s banking sector shocked the world with blatant misconduct which highlighted selfish means for short-term financial gain. The intervention by the Royal Commission has brought...

Most Popular

Deutsche Bank office

Deutsche Bank moves euro clearing operations as Brexit risks mount

Germany’s biggest bank, Deutsche Bank has shifted an important part of its euro clearing business to Frankfurt from London due to Brexit. The move...
Woman presenting top insurance brands market share

Most valuable global insurance brand 2018 is …

China leads and dominates the global insurance ranking in a recently published Kantar Millward Brown’s 2018 Brandz report.  The Brandz™ report tracks the value...

Editor Picks

Matteo Salvini speaking about the future of Europe in the European Parliament

Moody’s downgrades Italy credit ratings on budget deficits concerns

Italy appears to be in the midst of another major financial crisis as Moody’s cut its credit ratings from “Baa2” to “Baa3”, one level...
Danske-bank-woman-withdrawing-money-atm

Danske Bank scandal exposes money laundering risk

Financial institutions are at greater risk for money laundering losses than ever before. The Danske Bank scandal reveals that even institutions in law-abiding nations...
Deutsche Bank office

Deutsche Bank moves euro clearing operations as Brexit risks mount

Germany’s biggest bank, Deutsche Bank has shifted an important part of its euro clearing business to Frankfurt from London due to Brexit. The move...
Kim Kardashian and her bodyguard Pascal Duvier seen out and about in Paris before the robbery on October 2, 2016 in Paris. Photo by Mehdi Taamallah/NurPhoto

AIG files $6.1m lawsuit against Kim Kardashian’s former bodyguard

Bodyguards are liable for the property losses of the rich and famous. AIG is suing Kim Kardashian West’s former security firm for $6.1 million...
Fountaingrove after October 2017 California wildfires

California fires force sale of Aspen Insurance to private equity firm

Climate Change is dramatically transforming the insurance industry. The troubled Aspen Insurance Holdings reportedly agreed to sell itself to private-equity giant Apollo Global Management...
People using smartphone while driving car

Smartphones greatly increase auto accidents risk

Smartphones have become one of the greatest risks for auto insurers. Analysts blame mobile devices for a sharp increase in motor vehicle accidents in...
US Dollar hike harming Latin American economies

Rising US Dollar puts Latin American economies at risk

The rising US dollar is increasing the risk of a serious global economic crisis. The dollar’s rise has triggered economic chaos in Latin America...
Earthquake Mexico Sep 2017

World Bank issues historic $1.36bn catastrophe bond covering Latin American earthquakes

The International Bank for Reconstruction and Development (IBRD), the main component of the World Bank Group, has issued Latin American earthquake-linked catastrophe bonds (known...
Rio Olympics 2016 Opening Ceremony

Insurers will cover Zika losses with conditions

Marathon swimmers dread Rio’s polluted waters. The US men and women basketball teams will stay on a docked cruise ship rather than brave the Spartan...

Lloyd’s opens new Morocco office in Casablanca Financial City

Lloyd’s of London, the world’s oldest insurance market, is expanding its African footprint with a new office in Casablanca, Morocco. After several months of negotiations,...
Zurich-South-Africa-Offices

Fairfax acquires Zurich’s South Africa and Botswana insurance operations

Fairfax Financial Holdings recently announced that it has entered into an agreement with Zurich Insurance Company to acquire 100% of its South African and...
South African gold-miners

Silicosis class action lawsuit – Claimants win first round

In the first round of a class action lawsuit, which has garnered a lot of international publicity, silicosis claimants had their class action lawsuit...
Iran's Securities and Exchange Organisation HQs

Iran considering Insurance-Linked Securities market for reinsurance

Iran is considering the development of new financial products, including insurance-linked securities and Islamic bonds, to alleviate the US sanctions on its economy. The...
Turkey Bureau de change

Turkey’s debt rating hit on concerns over hard landing risks

Turkey’s recent debt rating cuts are stoking fears of the potential for a hard landing due to a depreciating lira, a private credit boom,...
Dr. Hemmati speaking at the 4th Intl Exhibition Exchange, Bank, Insurance

Munich Re backs Mellat Insurance in fresh agreement

Munich Re has recently entered into a reinsurance agreement with Iranian insurer Mellat Insurance. The contract which was finalized at the end of April...
Wendy Harris speaking during Royal Commission Misconduct Financial Services Industry hearing

Greed-driven misconduct exposes Australia’s banking sector

Australia’s banking sector shocked the world with blatant misconduct which highlighted selfish means for short-term financial gain. The intervention by the Royal Commission has brought...
Woman presenting top insurance brands market share

Most valuable global insurance brand 2018 is …

China leads and dominates the global insurance ranking in a recently published Kantar Millward Brown’s 2018 Brandz report.  The Brandz™ report tracks the value...
Ding Xuedong speaking at the Asian Financial Forum

China’s sovereign wealth fund increasing risk appetite

China Investment Corp. (CIC) is pulling out all stops to forge ahead with investments in the United States after a successful foray last year....