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...Scotland has a more ambitious target of a B rating by 2032 on as many properties as is feasible....
...Tim Rourke, UK head of P&C pricing, product, claims and underwriting at WTW, said the data suggested “the relentless rise in prices may finally be turning a corner”....
...Canadian insurance group Manulife has announced a C$13bn ($9.6bn) reinsurance deal with KKR’s Global Atlantic, freeing up C$1.2bn of capital that the Toronto-based insurer intends to return to investors...
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...“It’s heavily skewed towards stuff . . . that’s been downgraded over time from single B.” Triple C issuers listed on Ice BofA’s index include Dish, the TV group that recently merged with EchoStar....
...The fact reminds us of three simple, but inescapable, truths: a) the global economy is a complex network, perhaps too complex for populist proclamations; b) economics is to a large extent politics, for better...
...b) The majority she had inherited was too small to deliver Brexit. c) Any election in which the Labour party was led by Jeremy Corbyn was a massive gimme....
...This is roughly comparable to average default rates observed in companies that receive a B credit rating from S&P (3.4 per cent) and a B3 from Moody’s (4 per cent)....
...Nearest subway stop is Houston Street Station on the 1 line, but West 4th St (A, C, E, B, D and F lines) is just a short walk away. How much? $20 per person....
...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...“Don’t expect anyone to say publicly ‘this is the plan’ and A, B and C are now going to happen,” Radakin said....
...The same is not true at the lower reaches of the credit spectrum, of course, and it is interesting in this context that triple C rated bonds spreads have not rallied to the wild 2021 levels....
...They need a plan B and a plan C,” said Patricia Lenkov, an expert on corporate governance and succession.No company wants to deal with the ramifications of disaster successions such as Microsoft’s in 2013...
...Typically, these are to either a) pay cash coupons; b) toggle to ‘pay’ bondholders with more debt claims, albeit with some additional penalty (even more debt claims); c) to PIK for a while then switch to...
...Triple-B [the lowest rung of IG] spreads are at about 120bp, whereas double-B high-yield is at 200bp. So you pick up 80bp from going from triple-B to double-B....
...He also had a vintage Alanda coffee table by Paolo Piva – a new version of which is made by B&B Italia (from $2,318)....
...Bad years are a hazard for all property and casualty insurance insurers. But those anomalous periods are usually followed by relative peace for a time....
...Sunak, meanwhile, proposes to go to the country on a ticket that pledges to cut public spending to fund the abolition of national insurance and a slower path to net zero....
...A: Jesus Which of the following was not a pre-bitcoin digital currency: B-Money, HashCash, Internet Money, Bitgold, Beenz?...
...The more modern Sizewell B power station, which is based on a different reactor design to the four older plants, is due to remain online until 2035, but EDF said its operational life could be extended for...
...C major....
...My daughter wants to be the girl, Mabel – but Madame B steals the show for me....
...“We intend to buy teams, like a Serie B team, and have the unlocking of value occur for two reasons: one would be eventual advancement and perhaps promotion . . . and two, just getting them inside a public...
...A leading voice in Lloyd’s of London’s marine insurance market has called for a “Plan B” on western sanctions levelled against Russia over its war in Ukraine, amid rising concerns over unintended consequences...
...“Surprise” healthcare bills arise when a procedure is not fully covered by an insurance scheme. They have been cited as a major problem in the fragmented and costly US healthcare system....
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