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...Fidelis will work with Hampden, the largest agency at Lloyd’s allowing wealthy investors to participate in the market by putting their capital against insurance risks....
...Before the bond amount was lowered, Trump’s lawyers said the former president would have to put up collateral worth 120 per cent of the bond and pay as much as a 3 per cent underwriting fee....
...The rating agency recently upgraded its credit rating on an improved underwriting performance and a stronger balance sheet. Lloyd’s has also made progress in reviving face-to-face trading....
...IAG was one of the main insurers behind $10bn of cover arranged for Greensill through Bond & Credit Co, an underwriting agency the Australian insurer owned a 50 per cent stake in before selling it to Tokio...
...The US property and casualty (P&C) industry recorded a $26.5bn net underwriting loss in 2022, says rating agency AM Best....
...Greensill had arranged trade credit insurance through Bond & Credit Co — the underwriting agency in which IAG formerly had a 50 per cent stake — to cover contracts in case of default....
...The Hollywood powerbroker turned to Raine for advice on a series of transactions that have pieced together Endeavor, his talent agency that has grown to span media and events....
...Rating agency S&P has negative outlooks for about two-thirds of the UK water companies it rates — indicating the possibility of downgrades if financial performance worsens....
...“Unless there is a very clear definition of war, you are not going to be able to apply the exclusion with any consistency,” said Mike Kessler, head of cyber at US-listed insurer Chubb....
...Instead dealmakers are requiring larger equity cheques from buyout shops before underwriting debt....
...The companies must hand over the information by March 1 and the agency plans to issue a public report on its findings....
...Insurers listed on an unredacted 2020 certificate include familiar names, such as AIG, Chubb, and syndicates from the Lloyd’s of London specialist market....
...The fad soon passed after advertising agencies were warned to seek permission from the local council planning department, otherwise they would be breaking the law....
...Marsh McLennan, Aon, Willis and Gallagher have been the four highest-revenue broking groups over the past decade, according to rankings compiled by rating agency AM Best....
...It derives just 5 per cent of its electricity from renewable resources, the lowest proportion of any OECD country, according to International Energy Agency data....
...At last, in December, rating agency Fitch declared a default. Evergrande declined to comment. Thomas Hale in Hong Kong 1....
...Ace and XL, two of the earliest insurers on the island, have now combined with Chubb and Axa respectively....
...Recent weather shocks, such as hurricanes and the current European heatwaves, are already threatening to raise underwriting costs for the sector....
...Chubb’s investment in Huatai goes back to 2002, when Ace LTD insurance bought a one-fifth stake. Ace went on to buy Chubb and take on its name in 2016....
...Several foreign banks have either been granted onshore bond underwriting licences or have expressed interest in applying for one....
...Earlier this week the NYDFS fined Illinois Union, a subsidiary of Chubb, $1.3m for underwriting the NRA-branded Carry Guard programme....
...Michael Tanenbaum, executive vice-president at insurer Chubb, says: “We’ve hired lawyers to look at compliance. We’ve hired several attorneys to look at the rules and regulations.”...
...AIA, Prudential, Chubb, Tokio Marine and seven other foreign companies have wholly-owned subsidiaries in the country and could have been subjected to the billions of dollars in expected divestments....
...The designation of the big four as systematically important banks requires them to hold more capital, but also earns them higher ratings from credit agencies....
...Rating agencies are also concerned....
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