Legal
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The case is likely the first over alleged misrepresentations to investors about the virus.
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The Dubai-based carrier will target surplus specialty lines including energy, property and political violence.
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The government will examine the interplay of watchdogs with politicians in the next phrase of its financial services framework review.
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The broking giant is seeking compensation of at least $200mn, according to Reuters.
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A further one-year delay to the new accounting framework would mark a victory for industry groups.
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The law would make it harder for attorneys to use contingency risk multiplier fees.
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Investors filed the proposed securities class action last March following the delisting of $1.2bn in preferred shares. -
Insurers have since April 2018 been expected to have a board diversity policy.
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Incumbent Joe Gunset will take an advisory role at McGlinchey Stafford after leaving the Corporation at the end of March.
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Bruce Lucas said the decline was “pretty material”.
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The deal boosts Fema’s total reinsurance cover to $2.53bn.
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