The U.S. Supreme Court is set on Wednesday to consider a bid by Meta’s Facebook to scuttle a federal securities fraud lawsuit brought by shareholders who accused the social media platform of misleading them about the misuse of its user data. The justices will hear arguments in Facebook’s appeal of a lower court’s decision allowing … Read more
Aon has announced a key change in its insurance-linked securities (ILS) and investment banking business leadership, as Richard Pennay has been named the new CEO of Aon Securities and Paul Schultz moves to become Global Vice Chair of Reinsurance at the company.Paul Schultz has led the Aon Securities operation for 20 years, in which time … Read more
The surge in disaster bond market issuance and ensuing insurance-linked securities (ILS) market development during the last yr, got here on the proper time for the insurance coverage and reinsurance market, assembly their wants for danger switch, in response to Richard Pennay of Aon Securities.Pennay, the CEO of Insurance coverage-Linked Securities at dealer Aon’s capital … Read more
