Nationwide opts for longer extension for at-risk Caelus Re VI cat bond notes

US primary insurance giant Nationwide Mutual Insurance Company has now opted for a longer extension of two tranches of its Caelus Re catastrophe bonds that have been considered at-risk of facing a complete loss since 2021, but were only recently extended as their scheduled maturity date neared, Artemis understands.As we reported back in June, the … Read more

World’s Largest Law Firm Splitting Up

Dentons and Dacheng got together back in 2015 to create the world’s largest law firm with over 6,000 attorneys. The union since ballooned to roughly 12K lawyers. But that’s set to end as Dacheng will leave the Dentons umbrella. Can we characterize this as verein bad news? No… that’s a pun too far. A draft … Read more

Former Analytics Director Alleges Pfizer Fired Him for Trying to Expose Company's FCPA Violations

A former Pfizer director of global compliance analytics filed a wrongful termination complaint against the company, contending he was fired after reporting potential violations of the Foreign Corrupt Practices Act to his supervisor, including that Pfizer allegedly spent 10 times the amount of money on potentially influential government officials in China than in any other country. … Read more

DEA: Potential New Telemedicine Special Registration for Controlled Substances Prescribing to be Discussed in Special Listening Sessions

At long last, the Drug Enforcement Administration (DEA) has signaled its consideration of a separate Special Registration for telemedicine prescribing for patients without requiring an in-person examination. On August 4, 2023, DEA filed a pre-publication Notice of Meeting (published in the Federal Register on August 7th) to announce its intention to conduct public listening sessions … Read more

Loans against Fixed Deposits gain traction

Bank depositors don’t seem to be wanting to break their fixed deposits (FDs) to meet their emergency funding requirement, as these deposits are currently fetching high returns. Instead, they are more inclined to take loans against FDs. This is evidenced by Reserve Bank of India data, which shows that banks recorded a robust 46 per … Read more

Are your DE&I programs worth recognizing?

Are your DE&I programs worth recognizing? | Insurance Business America Insurance News Are your DE&I programs worth recognizing? Entries are now open for Insurance Business America’s 5-Star Diversity, Equity & Inclusion report Insurance News By Insurance Business America Employees are a company’s greatest asset, and a critical factor in keeping them satisfied and productive is … Read more