Hints and tips:
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
..., such as professional indemnity, to be structured for ILS investors....
...Go deeper: Project Everest’s survivor has a mountain to climb, writes Stephen Foley....
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
...But we think these companies have enough idiosyncratic risk (Dollar Tree’s turnaround, Expedia’s fight for market share, the outlook for global defence spending, Everest executing on its growth plan) that...
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...In any event, ask whether trustee indemnity insurance is in place, which might offer some reassurance....
...My next pick was Everest Group, which is a reinsurer. So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...She discusses the need for more companies to step up for trans staff in an interview with the FT....
...But it does raise questions of competence and also why the cost of providing indemnity insurance to the buyer should be borne by the listed fund and not the manager....
...Many western companies are self-sanctioning or struggling to secure the insurance, shipping or financing needed to buy Russia’s commodity exports, raising expectations that energy-hungry China will step...
...Skinner was a veteran of the marine protection and indemnity industry, according to industry publication TradeWinds....
...The fund is managed day-to-day by an insurance services company, Thomas Miller....
...It was her opposition that ultimately killed Everest and it would be tough for Baldwin to win unless he can woo her over....
...If self-employed, they often paid corporate taxes rather than typically higher income tax and national insurance....
...Our first pick, the property casualty reinsurer and primary insurer Everest Group, ticked all our boxes well: a cheap stock with a history of delivering growth, and with industry tailwinds to boot....
...It also prides itself on its slow travel philosophy, in contrast to the operators offering rapid circuits of Annapurna or helicopter-assisted treks to Everest base camp....
...In December, protection and indemnity insurers, which provide liability insurance to seaborne trade, warned that their reinsurers had cancelled certain insurance covers for Ukraine war-related claims....
...with the Financial Times, Roppestad estimated that since Russia invaded Ukraine “several thousand” more ships were trading around the globe without cover from the International Group of 12 Protection & Indemnity...
...Norway’s Gard, part of the international group of 13 protection and indemnity clubs, also said on its website on Tuesday that a resolution had been found....
...Although the price-cap mechanism allows western companies to continue to underwrite such cargos, it has become harder for shippers to get some types of insurance....
...But two of the ships, the Nichole and the Yasa Golden Dardanelles, did have protection and indemnity insurance from western providers at the time of the voyages, respectively the American Club and Britannia...
...The International Group of P&I Clubs, which provides prevention and indemnity insurance to 90 per cent of the industry, has said it cannot comply....
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