L.S. Howard

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About L.S. Howard

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So far L.S. Howard has created 316 blog entries.
5 03, 2021

Greensill Downfall Began with Firing of Insurance Manager at Sydney Unit of Tokio Marine

By | March 5th, 2021|Uncategorized|Comments Off on Greensill Downfall Began with Firing of Insurance Manager at Sydney Unit of Tokio Marine

The debacle that led to the unraveling of Lex Greensill’s trade-finance empire began with the firing of a manager at a Sydney unit of insurance giant Tokio Marine Holdings Inc. last year. After the July 8 dismissal by Bond & …

5 03, 2021

Upstream Mine Tailings Dams Pose Higher Risks of Instability: Study

By | March 5th, 2021|Uncategorized|Comments Off on Upstream Mine Tailings Dams Pose Higher Risks of Instability: Study

The most widespread type of dam used to store mine waste is nearly twice as unstable as the average tailings facility, a global study showed on Friday, highlighting the risk of so-called “upstream” construction techniques that some countries have banned. …

5 03, 2021

Insurer Aviva Seeks New London Headquarters to Cut Post-Pandemic Office Footprint

By | March 5th, 2021|Uncategorized|Comments Off on Insurer Aviva Seeks New London Headquarters to Cut Post-Pandemic Office Footprint

Aviva Plc is searching for a new City of London headquarters as the UK insurer prepares to slash its office footprint. The firm started looking for new offices in the financial district early last year, but shelved its plans once …

5 03, 2021

French Retailer Sued over Amazon Deforestation Linked to Cattle Raising

By | March 5th, 2021|Uncategorized|Comments Off on French Retailer Sued over Amazon Deforestation Linked to Cattle Raising

PARIS – Environmental groups and indigenous activists from the Amazon region filed a lawsuit Wednesday in a French court alleging that France-based supermarket chain Groupe Casino is violating human rights and environment rules by selling beef linked to deforestation and …

5 03, 2021

UK and EU on Track to Agree on Financial Services Cooperation – but Trust Must Be Built

By | March 5th, 2021|Uncategorized|Comments Off on UK and EU on Track to Agree on Financial Services Cooperation – but Trust Must Be Built

Britain and the European Union are on course to agree a deal on regulatory cooperation in financial services this month, but the UK’s actions in Northern Ireland makes it harder to build trust, the bloc’s financial services chief said on …

1 03, 2021

Ex-Credit Suisse CEO Raises $300M for Financial Services-Focused SPAC

By | March 1st, 2021|Uncategorized|Comments Off on Ex-Credit Suisse CEO Raises $300M for Financial Services-Focused SPAC

Former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam raised $300 million for his blank-check company after boosting the size of the deal. Thiam’s Freedom Acquisition I Corp. sold 30 million units at $10 apiece in its U.S. initial …

1 03, 2021

S. Africa’s Steinhoff in Talks with D&O Insurers to Help Settle Accounting Crisis Claims

By | March 1st, 2021|Uncategorized|Comments Off on S. Africa’s Steinhoff in Talks with D&O Insurers to Help Settle Accounting Crisis Claims

Steinhoff International Holdings NV is in talks with the providers of director liability insurance policies about help settling legal claims resulting from a 2017 accounting crisis that took the South African retailer to the brink of collapse. An agreement with …

24 02, 2021

Plans to Reform UK Insurance Capital Rules Not Part of ‘Deregulatory Agenda’: Minister

By | February 24th, 2021|Uncategorized|Comments Off on Plans to Reform UK Insurance Capital Rules Not Part of ‘Deregulatory Agenda’: Minister

Britain’s plans to change capital requirement rules for insurers following its departure from the European Union are about tailoring them to local conditions rather than any “gratuitous deregulatory agenda,” its financial services minister said. Britain inherited the Solvency II insurance …

24 02, 2021

AXA, Other Mega-Investors Seek to Avoid Portfolios with Global Warming Potential

By | February 24th, 2021|Uncategorized|Comments Off on AXA, Other Mega-Investors Seek to Avoid Portfolios with Global Warming Potential

All good money managers expect to outperform their benchmark, and by one such metric the French insurer and investor AXA SA recently scored a market-beating success. Not by delivering higher returns, but by generating a lower level of global warming. …

24 02, 2021

Finland’s Sampo Steps Up Move to Become Pure Insurance Group, Cutting Nordea Stake

By | February 24th, 2021|Uncategorized|Comments Off on Finland’s Sampo Steps Up Move to Become Pure Insurance Group, Cutting Nordea Stake

Finnish financial group Sampo plc is continuing its transformation into a pure insurance group with an announcement that it will substantially cut its 15.9% stake in Nordea Bank. Sampo’s board and management said the company will focus on high-quality P/C …