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...It wants property group Urban Splash to pay £46mn of remediation costs at seven buildings in Manchester, and developer Hollybrook to pay £3.4mn for a building in London....
...German insurers including Munich Re and Allianz have amassed more than €3bn of exposure to the struggling property empire owned by real estate billionaire René Benko....
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...“Wildfires don’t just kill people,” says Adrita Bhattacharya-Craven, director for health and demography at the Geneva Association, a global group representing insurance sector CEOs....
...Probitas, which provides commercial insurance including professional liability and property catastrophe cover, will keep its management team and brand....
...Regardless of Canary Wharf’s ability to keep some of its critical tenants, it still has a plentiful amount of debt, with the group holding £7.6bn of property and £4.2bn of net debt....
...The city’s benchmark Hang Seng index climbed 0.8 per cent, with insurance group AIA and private Chinese property developer Longfor Group among the top performers....
...Property insurance rates, a particular source of pressure, were up another 6 per cent, and overall prices grew 2 per cent....
...An industry-wide reinsurance scheme known as Flood Re provides coverage for residential properties, but this has not been extended to businesses despite repeated calls from the insurance sector since its...
...But one in four cited cost-cutting as a rationale for using flexible working arrangements that range from casual and seasonal work to zero- and variable-hours contracts that do not offer guaranteed periods...
...and workplace insurance products such as pensions....
...under pensions, and insurance policies....
...Its property and casualty insurance division weakened, posting an overall underwriting loss reflecting worse conditions for areas such as credit insurance, but its major life and health insurance division...
...The fallout has already spread to other sectors including local insurance groups. The sector’s shares fell on the back of investors’ fears about their potential exposure....
...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....
...“We wish that there could have been a better outcome for the Ted Baker employees and stakeholders,” John McNamara, chief strategy and transition officer at Authentic Brands Group, the US owner of the Ted...
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...Probitas, which provides a range of insurance from professional liability to property catastrophe cover, will retain its management team and brand after the deal....
...But her decision came against a backdrop of sharp rises in removals costs — by 38 per cent over the past five years, according to Admiral, the insurance group....
...Stephen Kennedy, director at pricing specialists Pearson Ham Group, said there was “heightened anticipation of the potential ramifications of Storm Henk on UK home insurance premiums”....
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