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...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”....
...Sydney-based IAG, which denies liability, argues that insurance offered on its behalf was invalid....
...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...
...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....
...New York-listed insurance company Assured Guaranty has amassed more than $10bn of exposure to some of the most heavily indebted UK water utilities, underlining how the risks in the troubled sector have spilled...
...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....
...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....
...The issue relates to the awarding of restricted stock units, or RSUs, which can result in hefty tax liabilities when they vest....
...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....
...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 plan, in common with other deals in the sector, is for GT to swap those payments for a lump sum when the deal closes, to get the liability off the books and boost ebitda....
...The mismatch between long-term liabilities and variable income contributed to the downfall of WeWork, which filed for bankruptcy last year....
...Is Israel still a strategic asset to the US, or is it becoming a strategic liability?...
...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...
...In total, the 18 healthcare companies had assets of $7bn against liabilities of $8.3bn....
...He joins from Schulte Roth & Zabel, where he co-chaired its M&A and securities group....
...Firstly, approximately 30% of the Global and North American totals are made up of ‘dry powder’, i.e. undrawn capital commitments....
...Blackstone merged its credit and insurance investment operations in September in preparation for a push into asset-backed lending markets, Gray and co-founder Stephen Schwarzman have told shareholders....
...ties to American investment firms....
...One metals, minerals and energy company, Sweetwater Royalties, owns or co-owns more than 1,000 sq miles in the chequerboard, including the Uinta Development parcel....
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