Chaucer launches $536 million consortium at Lloyd’s

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Specialty reinsurance group Chaucer has announced the launch of its new Belt and Road Consortium at Lloyd’s. The consortium will initially underwrite political violence risks, with future products in development for other lines of business.

China’s Belt and Road Initiative (BRI) is the world’s largest infrastructure programme, with projects spanning the transport, telecommunications and renewables sectors across 65 countries. The programme includes more than 2,600 individual projects with a combined value of US$3.7 trillion.

The Chaucer consortium will work with China Re – Chaucer’s parent company – to provide large-scale capacity of up to US$400 million (around SG$536.67 million) for

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Crawford & Company launches forensic accounting services in Malaysia

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Global claims management firm Crawford & Company has announced the launch of forensic accounting services in Malaysia.

In a statement, the firm said that its new Crawford Forensic Accounting Services (CFAS) team will provide support covering all policy types and can be actioned at any point in a policy’s lifecycle from the first notification of loss (FNOL) to court proceedings.

Read more: Crawford & Company secures new global president for legal services

“Crawford’s Forensic Accounting Services team effectively manages losses by control, analysis, and verification of evidence and data, ascertains the losses solely attributable to an incident, and resolves contentious

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Cryptocurrencies in retail: Consumer adoption report

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CryptoRefills, in cooperation with Cointelegraph Research, has published the first global research on consumer adoption of cryptocurrencies for purchasing goods and services.

This report, Cryptocurrencies in Retail: Consumer Adoption Report 2021, aims to provide a global picture of what is the current state of user adoption of bitcoin and other cryptocurrency as a means of payments for goods and services. The report is based on surveys conducted on “cryptoshoppers” and CryptoRefills aggregated data.

It provides quantitative and qualitative analysis of “cryptoshopper” demographics, of the adoption of cryptocurrencies for everyday purchases, including drivers and barriers as well as purchase behaviours

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Ultimate Beneficial Ownership: the next compliance challenge

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In our last blog, we discussed the recent trend for paying with cryptocurrencies, currently growing at around 30{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} per month. These payment instruments offer lower costs and much faster settlement compared with traditional cards and digital wallets.

Ultimate Beneficial Ownership: the next compliance challenge

However, those very advantages – speed and immediacy – are proving a real headache for regulators looking to crack down on money laundering and criminal activity by identifying the parties behind transactions. Warren Russell, CEO & Founder of W2, considers how to solve this compliance challenge.

Instant payments: faster – but safer?

If crypto

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