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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create high-yielding assets for insurance companies....
...“ADB is also in discussion with other MDBs regarding potential guarantee solutions, whereby another MDB would guarantee a portion of ADB exposure for a fee.”...
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...its own insurance claims when it presented a credit insurance guarantee to the regulator....
...One area of focus has been a reliance on securities such as collateralised loan obligations — packaged-up corporate debt — to back insurance liabilities....
...Last month, Wegovy received FDA approval to help reduce heart attack and stroke risk in patients with cardiovascular disease, enabling it to be covered by insurance for the more than 50mn Americans on Medicare...
...ties to American investment firms....
...That’s when he got a call from James Robinson III, who was then the chief executive of American Express and the biggest power broker on Wall Street....
...Kaarli Eichhorn, partner at Jones Day, told the FT that “the newly adopted rules on product liability have caused great concerns among the wider business community, including American investors who are familiar...
...This year it did the biggest UK deal of its kind, when general insurer RSA offloaded £6.5bn of liabilities to the group....
...But Israel relies on American military support and an implicit security guarantee from Washington. As one US official said to me earlier in this crisis: “The Israelis are gambling with house money.”...
...This means that offloading liabilities, and the assets backing them, to insurance companies is becoming a viable option for more businesses....
...Insurers sometimes “cede” assets and liabilities to reinsurers in order to manage their balance sheets....
...Strip the guarantee?...
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
...According to the Health Transformation Alliance, a co-operative of American employers seeking cheaper healthcare, the use of anti-obesity drugs among its members was 64 per cent higher in 2023 than in 2022...
...The answer starts with the dumping of UK equities by UK pensions and insurance companies....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...Big private equity-cum-asset managers buy insurance companies (see also: Apollo/Athene, Brookfield/American Equity) not to cross-sell, but to gain a source of stable capital....
...The product has historically been used to guarantee tax credits vital to a renewables project, for example, or to protect an acquirer against an IRS challenge to the tax calculations underpinning an M&A...
...Laura Conduit, partner at law firm Farrer & Co, says she always advises getting a survey done even if the property has a defects guarantee....
...The mismatch between long-term liabilities and variable income contributed to the downfall of WeWork, which filed for bankruptcy last year....
...Insurer RSA agreed to offload £6.5bn of its liabilities earlier this year, the biggest overall transaction in the UK so far, while the Financial Times reported in July that BP was in talks over an insurance...
...It should be more expensive than an insurance company buyout because a government guarantee means credit risk is lower, so how many takers would there really be?...
...There is no guarantee that the next Russian leader will have a more co-operative foreign policy outlook, but at least he might not share all of Putin’s dark obsessions....
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