Monthly Archives: <span>November 2018</span>

Applied Systems Among Firms Layering Loans to Pay Equity Owners

First the companies tapped the loan market. Not long after that, they came back for more. Corporations like Bausch Health Cos., a drugmaker, telecom provider Sprint Corp. and Applied Systems Inc., an insurance software provider, borrowed again this month after …

Browne and Hunt Named CEO and Deputy CEO of AGCS UK

Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty SE (AGCS) has announced that Sinรฉad Browne will assume the role of AGCS UK CEO in addition to her responsibilities as chief regions and markets officer, subject to regulatory approval. …

Danish Prosecutors Charge Danske with Alleged Money Laundering Violations

Denmark’s state prosecutor has filed preliminary charges against Danske Bank for alleged violations of the country’s anti-money laundering act in relation to its Estonian branch. The country’s biggest lender was placed under investigation in August over concerns that transactions worth …

Timeline: Australia’s Inquiry of Misconduct at Banks, Insurers, Wealth Managers

For nine months a quasi-judicial public inquiry into Australia’s financial system has heard allegations of bribery, fraud, board-level cover-up, abuse of power and the charging of fees for no service. As the inquiry nears its end, the following is a …

Australia Inquiry into Bank Misdeeds Could Trigger Sweeping Financial Sector Reform

An inquiry that has exposed rampant greed and wrongdoing in Australia’s major banks and wealth managers wraps up this week ahead of a final report which could trigger sweeping reform of the financial sector of the world’s 12-largest economy. Dismissed …

No-Deal Brexit Could Be Worse for UK Economy than 2008 Financial Crisis: BoE

Britain risks suffering an even bigger hit to its economy than during the global financial crisis 10 years ago if it leaves the European Union in a worst-case Brexit scenario in four months’ time, the Bank of England said on …

2M Patients Impacted by Data Breach at North Carolina-Based Health Care Group

A North Carolina-based health provider says more than 2 million of its patients may have had personal information compromised in a data breach of billing information. News outlets report Atrium, headquartered in Charlotte, said Tuesday the hacking of billing vendor …

5 Killed, 200 Crashes on Mississippi Highways Over Thanksgiving

Five people have died in wrecks on Mississippi highways during the Thanksgiving holiday period. Mississippi Highway Patrol Capt. Johnny Poulos says that on Saturday, 61-year-old George Henyard Jr. of Morgan City, Louisiana, got his foot stuck in the tire of …

FDA Vows Overhaul of Medical Device Approval System

U.S. health officials said this week they plan to overhaul the nation’s decades-old system for approving most medical devices, which has long been criticized by experts for failing to catch problems with risky implants and medical instruments. The Food and …

What Insurers Want and Get from Insurtech Partnerships

Remember the scene in the 1989 movie When Harry Met Sally? During lunch with Harry at a deli, Sally very publicly fakes a wild orgasm. A nearby patron, when asked what she’d like to order, signals in Sally’s direction and …