Articles by Nabila Ahmed, Adam Haigh and Ellie Harmsworth

Deepfake Imposter Scams Are Driving a New Wave of Fraud

Computer-generated children’s voices so realistic they fool their own parents. Masks created with photos from social media that can penetrate a system protected by face ID. They sound like the stuff of science fiction, but these techniques are already available …

US Insurance Giant Marsh Set for $448 Million Honan Deal

Marsh has agreed to acquire Honan Insurance Group Pty Ltd. as the US insurance broker giant seeks to expand its presence in Australia and New Zealand. The Marsh & McLennan Cos Inc. unit has signed a deal to buy out …

Regulator Tells Australian Banks to Boost Cyber-Attack Defenses

Australia’s financial institutions must improve their resilience to cyberattacks, the head of the nation’s banking regulator said Tuesday. A recent review uncovered a “lack of rigor” in the nature and frequency of security control testing and insufficient board oversight on …

Australia Insurtech Startup Cover Genius Raises Funds, Boosting Valuation to A$1 Billion

Australian insurance startup Cover Genius Pty Ltd. boosted its valuation to A$1 billion ($729 million), after raising A$100 million [$72.8 million] from investors including G Squared and Japanese insurer Sompo Holdings Inc. The proceeds — about seven times more than …

China’s Alibaba Blasted by State Media for Delay in Handling Sexual Assault Accusation

SHANGHAI – China’s biggest online commerce firm, Alibaba Group Holding Ltd, on Monday said it had fired a manager accused of sexual assault, and promised policies to prevent sexual harassment, but was blasted by state media for not acting until …

Seeds of Greensill Capital’s Swift Fall Triggered When Credit Insurer Balked at Renewal

The seeds for the rapid disintegration of Lex Greensill’s empire were sown eight months ago, when a little-known Australian insurer called Bond and Credit Company decided not to renew insurance policies covering $4.6 billion in corporate loans backed by the …

Assured Guaranty to Take Over BlueMountain Capital for $160 Million

Assured Guaranty Ltd. has agreed to take over BlueMountain Capital Management, the $19.3 billion money manager that has come under pressure in recent months. Assured Guaranty will pay $160 million to buy out majority shareholder Affiliated Managers Group Inc. and …

Merger Deals Now Include #MeToo Sexual Harassment Clauses

On Wall Street, it’s known as “the Weinstein clause.” Advisers are adding guarantees to certain merger agreements in light of the sexual misconduct scandals that have enveloped the producer Harvey Weinstein and other high-profile businessmen — ones that legally vouch …