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...He called for forward-looking analytic models that better understand the risk and so improve the supply of insurance....
...The Association of British Insurers welcomed the PRA’s acknowledgment of the importance of reinsurance to well-functioning insurance markets, and said the sector gave “vital protection and peace of mind”...
...But regulators are studying the liquidity risks being stored up in these strategies, and the potential spillover effects for the wider financial sector....
...in analysing complex risks....
...A spokesperson said they wished to avoid the risk of “secondary sanctions and damaged reputation”....
...Funabiki said it had since worked “vigorously” to improve checks and balances and strike a “better balance between our risk-taking activities and our risk controls and risk management”....
...Insurers, meanwhile, defend the use of funded reinsurance as one of a number of risk management tools that provide security to their customers’ benefits....
...College endowments with more than $5bn in assets reported an average return of 2.8 per cent in the year to June 2023, according to the National Association of College and University Business Officers....
...The company agreed last month to acquire Kuvare Asset Management for $750mn, extending its reach into the life insurance sector, a market coveted by many private investment groups....
...In 1951, he penned a column, “The Security I Like Best”, and picked Government Employees Insurance Company, or Geico, then chaired by his mentor at Columbia University, the famed investor Benjamin Graham...
...“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....
...and case references removed): “FCI is mainly focused on longevity mortality risk assets,” which are “most sensitive to the risk of people living longer or not . . . by buying life insurance policies that...
...Meanwhile, organisations such as the National Association of Insurance Commissioners (NAIC) and the IMF have raised warning flags about hard-headed financial investors mixing themselves up in the retirement...
...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...
...But development in the US’s most densely populated state is heavily concentrated near shores and rivers, putting homes and businesses at risk. That risk is not being factored in to insurance premiums....
...The risk ‘genius’ pulling the insurance strings In early 2023, Ajit Jain was weighing Berkshire’s exposure to the risk of a devastating hurricane hitting Florida....
...Other large private equity groups including KKR, Blackstone and Brookfield have also prioritised originating low risk corporate debts as they grow their insurance-related assets....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Sandro Pierri, president of the European Fund and Asset Management Association, which represents the region’s €28.5tn investment management sector, told the Financial Times that further delays and disagreement...
...Experts stress, however, that AI-powered cyber defences will not replace financial groups’ IT and risk management professionals in the foreseeable future....
...But post-Covid, he says, these advances have slowed and now there is a risk the weak trajectory of recent years will become embedded....
...Probitas, which provides commercial insurance including professional liability and property catastrophe cover, will keep its management team and brand....
...Then there’s the other part of Berkshire’s insurance operations that’s often overlooked: the intercompany dealmaking that allows it to take big risks and invest in the stocks of its choosing (compared to...
...The European Fund and Asset Management Association said that around 40 per cent of daily foreign exchange deals would be shut out of the main platform for reconciling currency trades when the US moves from...
...To update the longlist, Statista used recommendations from previous years and these sources: lists from associations (eg Management Consultancies Association); consulting directories (eg Consultingcase101...
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