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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Mark Brown, general secretary of the independent BTU union, said Lloyds seemed to be “throwing the baby out with the bathwater” just as the lender was under scrutiny as part of an industry-wide probe into...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...The company’s Solvency II coverage ratio, the amount of regulatory capital it holds as a percentage of the minimum required, sat at 224 per cent at the end of the year, above consensus estimates of 217 per...
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Research from the Royal Bank of Canada shows that about C$900bn* worth of mortgages — almost 60 per cent of all outstanding mortgages at chartered banks in Canada — will need to be refinanced between 2024...
...Premiums from its general insurance division, which includes car insurance, also grew....
...The UK business and trade department said: “Canada’s decision not to roll over these rules of origin will increase the cost of trade and hurt businesses on both sides of the Atlantic.”...
...After absorbing the companies involved in the deal — the East Ohio Gas Company, Public Service Company of North Carolina and Questar Gas Company — and their 3mn customers across Ohio, North Carolina, Utah...
...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
...While rivals like Legal & General or privately held PIC chase after the multibillion deals, Just focuses on smaller, sub £100mn transactions, with nearly a third of the market....
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...Speaking to the Financial Times, David Howden, founder and chief executive of insurance and reinsurance broker Howden, predicted the price of business cover would flatten this year as the supply of insurance...
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...Jonathan Dixon, secretary-general at the International Association of Insurance Supervisors, told the Financial Times that while the sweep of private capital groups into the life insurance sector helped...
...Proxy advisers “do serious harm” to the competitiveness of UK companies says the AstraZeneca chair (Report, April 16). They do indeed....
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
...Some bulk annuity providers such as Aviva and Legal & General are part of broader groups offering other types of insurance and investments but PIC, founded in 2006, is a privately owned specialist in the...
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...most of the rise in transportation-services costs: car insurance!...
...Laura Hughes, its manager for general insurance policy, said the government should “guarantee that flood prevention and resilience measures are considered in all planning decisions and building standards...
...After a quiet start to the week for earnings, the results calls will pick up during the coming few days with insurance a strong theme in the UK as Aviva, Legal & General, Hiscox and Royal London report figures...
...This year HSBC has completed the sale of its Canada unit and its French retail banking business. It has previously agreed to sell its operations in Greece and Russia....
...On Thursday, Labour set out plans for what it called “the biggest overhaul . . . in a generation” of the railways, centred on nationalising all passenger train companies, should it win the next general election...
...There are of course other important announcements due this week, not least a steady flow of results, probably best described as a smorgasbord, from retailers and drugmakers to technology companies and insurance...
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