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...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...MS Amlin’s own modelling predicts that insurance industry losses from US hurricanes could increase by almost 40 per cent in a scenario where global temperatures rise 2C from pre-industrial levels....
...global risks, from supertankers to satellites....
...Russian oil tankers circumventing western sanctions are relying on insurance that appears impossible to claim against, according to leaked documents exposing the risks taken by Moscow’s “dark fleet”....
...Normally Alphaville doesn’t care too much about insurance company results, but Allianz’s ownership of Pimco — the biggest bond investment group in the world — makes it a good way to understand broader fixed...
...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 bright minds of the insurance industry are used to sizing up big global risks, from systemic cyber attacks to natural disasters....
...US debt is a particular concern. High and volatile US treasury yields — which underpin pricing in financial markets — risk adding to global rate pressures....
...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 big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the final three months of last year, the 25th straight quarter of increases....
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
...If insurance companies and friendly billionaires think he is too big a credit risk, who might help him out instead? What sort of collateral could Trump offer in return?...
...a company to house Eurovita’s life insurance policies....
...In some of the worst-hit areas of the US, several insurers have pulled back from offering home insurance, contributing to an affordability crisis....
...weaponisation of trade and eroded global policy co-ordination....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the fourth quarter of 2023, the 25th consecutive quarter of rate increases....
...The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy National security experts and financial market traders seem to disagree on what will follow the recent escalation...
...They seek regulatory certainty, political risk insurance and foreign exchange risk mitigation....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...“You give up a lot of returns that you could have accrued for your clients,” said Elisabeth Kashner, director of global fund analytics at FactSet....
...risks....
...In some cases, brokers say, companies have been able to buy insurance to cover more than $1bn of tax payments in the event they lose a dispute with the US Internal Revenue Service....
...US plans for shutting down a global bank call for removing top management, wiping out the shareholders and imposing losses on creditors of its holding company....
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