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...Additional reporting by Robert Wright...
...The crash suggested the protection around the bridge’s piers — or main supports — from ships was “inadequate”, said Robert Benaim, a fellow of the UK’s Royal Academy of Engineering....
...Insurance groups are now bracing themselves for billions of dollars of losses stemming from the accident, with reinsurers likely to foot the bill in a legal fallout expected to last for years....
...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....
...When insurance companies cede risk to reinsurers, they heavily scrutinise them either directly or via careful monitoring of their credit rating reports....
...which is owned by MassMutual, one of America’s biggest life insurers....
...We have a huge internal market, which means our companies can sell a lot of product to people within America....
...Send me your sob stories: robert.armstrong@ft.com....
...on buyout groups’ attempts to trust-build with prudential regulators....
...Surely they need low interest rates to carry on their kind of R&D spending and kind of be a proper, important company. But now, it’s clearly a proper, important company in and of its own right....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...But you can email us anytime: robert.armstrong@ft.com and ethan.wu@ft.com....
...Bank of America strategist Savita Subramanian made the case yesterday on CNBC....
...Email us: robert.Armstrong@ft.com and ethan.wu@ft.com....
...a gap to the downside in equity markets from some sort of exogenous shock. Be careful out there. One good read Fiona Hill: “Ukraine has become a battlefield for America and America’s own future.”...
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...In today’s America, too few of those who are most at risk have any way of finding that out....
...Future of Asset Management North America Hosted by the Financial Times, in collaboration with Ignites and FundFire, Future of Asset Management North America is taking place on September 27-28 at etc.venues...
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...While KKR will soon raise flagship buyout funds in North America and Asia, it is seeing its fastest growth in newer businesses targeting credit, insurance and infrastructure-based investments, which are...
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...In a speech earlier this year, the Bank of England’s Prudential Regulation Authority, which oversees insurance companies, called for moderation “in the face of considerable temptation” to do deals....
...Help us replenish it: robert.armstrong@ft.com and ethan.wu@ft.com....
...When you think of it as a prudential measure, it does make some sense....
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