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Fallen neobank Xinja probed by secret US website offering $1m rewards

Fallen neobank Xinja probed by secret US website offering $1m rewards

The US-registered website has offered cash and whistleblower protections for insider information on the $433 million deal brokered by First Penny Investments that never materialised.

  • by Charlotte Grieve

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QBE expands COVID-19 provision after losing UK insurance case

QBE expands COVID-19 provision after losing UK insurance case

The insurance industry has suffered another blow after losing an appeal in the UK courts over business interruption claims.

  • by Charlotte Grieve
'Nonsense': Top fund managers say insurers can withstand climate risks

'Nonsense': Top fund managers say insurers can withstand climate risks

Allen Gray managing director Simon Mahwinney and IML director Anton Tagliaferro have dismissed claims insurers are becoming "uninvestible" due to climate risks.

  • by Charlotte Grieve
'Significant damage': Powerful investor group lashes corporate Australia amid IOOF harassment claims

'Significant damage': Powerful investor group lashes corporate Australia amid IOOF harassment claims

The powerful institutional investor advisory group ACSI says sexual harassment in the workplace is unacceptable.

  • by Sarah Danckert
'We’re careful about what we invest in': AFIC stays cautious amid IPO boom

'We’re careful about what we invest in': AFIC stays cautious amid IPO boom

The Australian Foundation Investment Company has met with dozens of IPO hopefuls over the past six months but only backed one. Why?

  • by Charlotte Grieve
Xinja investors told shares worth 'close to, or actually, zero'

Xinja investors told shares worth 'close to, or actually, zero'

Xinja shareholders are bracing for the worst after being told their shares could be worth nothing.

  • by Charlotte Grieve
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QBE hikes catastrophe allowance by 24% after extreme weather

QBE hikes catastrophe allowance by 24% after extreme weather

QBE has allowed for greater exposure to extreme weather events after fires, hailstorms and floods caused claims to breach its $US550m cap last year.

  • by Charlotte Grieve
Denmark offers homeowners 20-year loans at a fixed interest rate of zero

Denmark offers homeowners 20-year loans at a fixed interest rate of zero

The once unthinkable notion of borrowing for two decades without paying interest comes as central bankers across the globe shy away from rate hikes.

  • by Frances Schwartzkopff
Link's shares slide as second suitor scarpers

Link's shares slide as second suitor scarpers

The share registry services provider will pursue a demerger or trade sale of its crown jewel PEXA as its first bidder remains unmoved by the departure of its rival.

  • by Sarah Danckert
Bushfires a wake-up call for insurers as unsettled claims continue to smoulder

Bushfires a wake-up call for insurers as unsettled claims continue to smoulder

Last summer's fire season was an eye-opener for the insurance sector and with damaging climate events on the rise, insurers are preparing for more pain.

  • by Charlotte Grieve
'Not one introduction': Xinja dealmakers' clients complain of false promises

'Not one introduction': Xinja dealmakers' clients complain of false promises

First Penny Investments has cost start-up founder Rod Lewis around $40,000. But after one year, he says he's not received any leads.

  • by Charlotte Grieve