Legal
Ex-PICC president pleads guilty to graft: report
19 April 2018
The former president of PICC, Wang Yincheng, has reportedly pleaded guilty to corruption, in the same week the former head of the defunct Chinese insurance regulator was charged with graft… Read more
Ex-DAS CEO Asplin’s fraud trial enters second day
18 April 2018
Former DAS chief executive Paul Asplin conspired to defraud the company by working to conceal the ownership of two firms contracted by DAS, a court heard today… Read more
JLT denies breach of duty to Australian local councils
17 April 2018
JLT has refuted claims by a Sydney law firm that it misadvised local government councils in their purchase of insurance, leading to “excessive premium” being charged on the resulting policies… Read more
China’s Xiang charged with taking bribes: Reports
16 April 2018
China’s former top insurance regulator Xiang Junbo faces charges of corruption and bribery, according to reports from Beijing… Read more
Church’s franchisee sues Lloyd’s insurers over Harvey
12 April 2018
A Church’s Chicken franchisee has filed a lawsuit in Texas accusing several Lloyd’s underwriters of not living up to their commercial policies when it comes to 54 stores affected by Hurricane Harvey… Read more
USAG sues seven insurers over Nassar-related suits
11 April 2018
USA Gymnastics (USAG) has filed a lawsuit against seven of its insurers, accusing them of breaching their contracts when it comes to defending and indemnifying the non-profit organisation against legal actions associated with convicted sex offender Larry Nassar… Read more
Fairfax $8bn short-selling lawsuit dismissed
4 April 2018
A long-standing $8bn lawsuit between Fairfax Financial and billionaire investor Steven Cohen has been thrown out of court… Read more
American Hellenic CEO denies formal contact in drug probe
29 March 2018
American Hellenic Hull CEO Ilias Tsakiris has denied any formal contact from Greek prosecutors probing a drug-trafficking case involving the cargo vessel Noor One… Read more
Anbang chairman pleads for leniency: report
29 March 2018
Anbang founder and former chairman Wu Xiaohui made a plea for leniency at the end of a high-profile, one-day trial in Shanghai for alleged economic crime, according to Reuters… Read more
Fosun confirms investment intent
29 March 2018
Chinese conglomerate Fosun has said it intends to spend $3.2bn on technology in the next three years after an active 2017 for overseas dealmaking, the company's CEO told the Financial Times… Read more
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