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...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...In the UK, the median cost of home insurance policies rose 36 per cent over 2023, according to Go Compare. In America, some states have experienced 40 to 60 per cent increases since January last year....
...Aviva is re-entering Lloyd’s of London for the first time in more than two decades to boost its exposure to the thriving commercial insurance market....
...For 40 years, a 12th-century walrus-ivory carving on loan to the V&A in London has captured the imagination of museum visitors....
...In Europe, Cinven’s problems have underscored the risks of the first model, they say. “All EU regulators are really down on PE fund owners right now,” said one insurance executive....
...At the same time, middle-class Argentines are selling the dollars they traditionally keep “under the mattress” for pesos to afford surging health insurance fees....
...The analysts at Employ America have also highlighted auto insurance’s role in the recent gap between the CPI and the Fed’s favoured PCE indicator — and reckon that part of the gap could very possibly narrow...
...For the first time in more than a decade, solid yields are available on the highest-quality bonds....
...’s largest banks to rebuild its depleted deposit insurance fund....
...This cover is provided in the first instance to the Dali by Britannia P&I Club....
...“America deserves better than a feeble, confused, and tired Donald Trump,” he added....
...The council — which includes Fritz Alphonse Jean, a former central bank governor, former senate president Edgard Leblanc, and insurance businessman Laurent Saint-Cyr — will also wield limited presidential...
...Galicia will acquire the entire HSBC Argentina business, including banking, asset management and insurance, HSBC said....
...The first ship to arrive at the Sparrows Point terminal after it reopened on Wednesday was the Wolfsburg, named after VW’s German headquarters, the port operators said....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...What if I became America’s Most Wanted and then escaped? The answer was always the same: chaos would ensue. It was glorious....
...The bridge was first opened in 1977. In a statement, the Port of Baltimore said it was closed to shipping traffic “until further notice”, although it remained open to trucks....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...“The intensification of Hurricane Idalia prior to landfall was fueled by climate-related increases in water temperatures in the Gulf [of Mexico],” First Street said....
...After a stronger-than-expected CPI print on Wednesday, Bank of America and Deutsche Bank are both now predicting that the Federal Reserve won’t cut US rates until this December....
...Reinsurance group Swiss Re calculated the global insurance industry had racked up $50bn in losses from natural disasters in the first six months of 2023, marking the worst start to a year since 2011....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...The pledge comes three years after the insurance market apologised for its role in the trade, which included extending crucial insurance to voyages and even insuring slaves as cargo....
...“All EU regulators are really down on PE fund owners right now,” one insurance executive told the FT....
...At first glance, that looks scary; 40 per cent is a big number. But in reality investors should celebrate....
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