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...followed reporting by the Financial Times that Dubai-based Paramount Energy & Commodities DMCC had traded a type of Russian oil last year that routinely priced above the G7 cap, while using western-based insurance...
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...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 mechanics of the NAIC’s rule change (as described by Barclays, Bank of America, regulators, industry groups and various other sources) are . . . not especially simple....
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...The company is expected to report a loss of $1.21 a share, compared with a loss of 69 cents a year ago....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...Other companies: PepsiCo, Freeport McMoran, Halliburton, GE Aerospace, RTX, Lockheed Martin, NextEra Energy, UPS, Philip Morris, Spotify, General Motors and Kimberly-Clark are reporting earnings before the...
...Instead, he said, they should focus on supporting the energy transition, by creating new types of insurance coverage that support key technologies and companies involved....
...Alphabet: Google’s parent company is expected to report that revenue increased 13 per cent to $78.6bn in the first quarter thanks to a rise in advertising revenue....
...The company warned in the previous quarter of a slowdown in North America in both food and beverages that continued into this year, which was partly affected by the recall of some Quaker Foods products....
...The insurance sector is expecting a hefty bill....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...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....
...A British company that becomes listed in Germany will almost inevitably become more German-oriented. A Japanese acquirer of a UK tech company will own that company’s intellectual property....
...The company expects full-year organic sales growth in a range of about 4 per cent for the full year. In North America, real internal growth was down 5.8 per cent on falling sales of frozen food....
...The order from the appeals court provided a significant reprieve for Trump, who had been rushing to secure the cash for a bond after several insurance companies refused to accept his real estate holdings...
...Mercedes-Benz said Baltimore was among several ports used by the company in the US....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...Guidance allows companies to manage analyst and investor expectations....
...Both sides can then benefit if investors put a premium on companies incorporated there....
...That doughty — somewhat dull — Canadian insurance company known as Manulife does not often attract attention. This week, however, it caused a frisson in the real estate world....
...The analysts at Employ America have also highlighted auto insurance’s role in the recent gap between the CPI and the Fed’s favoured PCE indicator — and reckon that part of the gap could very possibly narrow...
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