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...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...The company says it still has “reinsurance relationships with some non-Russian entities”. The company is part owned by the Italian insurer Generali, but its stake has been “frozen” since the invasion....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...She added that since many of the most advanced AI companies were currently based in the US, the American government’s expertise was key to both understanding the risks of AI and to holding companies to their...
...The action, which accompanies orders against two other companies, marks the first move by the department Gove leads to use legal powers under the Building Safety Act....
...“In the United States, we understand that we’re in a moment where American leadership in the world depends on American leadership in AI,” Prabhakar said....
...“To fix Boeing’s issues the company needs a strong engineering lead as its head coupled to a governance model which prioritises safety and quality,” Clark told the Financial Times on Tuesday....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...But both property and casualty reinsurers, and their counterparts in the life business, are now attracting greater attention. Let us take them in turn....
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...American Airlines ordered another 85 A321 neos from Boeing’s rival Airbus, and 90 E175 aircraft from Brazilian aerospace company Embraer....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...If the US is to achieve developed-country levels of road safety, America and Americans need to change direction....
...The insurance sector is expecting a hefty bill....
...The company this week reported burning almost $4bn in cash in the first quarter....
...In the US, Biden has been facing increasing pressure from within his own Democratic party to be firmer with Netanyahu and use American leverage to persuade Israel to avoid more civilian casualties, suffering...
...But the companies are key. Miners need to augment their extraction processes and vetting. Too many projects have suffered from safety failures, environmental damage, and exploitation....
...Bhalla is set to depart as chief executive of American Equity Investment Life when its $4bn sale to Brookfield Reinsurance closes in the coming days. The deal clinched him a $55mn bonus....
...A depleted NHS might not be there as a safety net to look after them.”...
...Read up on those transactions in the piece, as well as one relatively opaque deal that hasn’t gotten any media attention at all: an $82bn dividend Berkshire’s biggest insurance unit paid the parent company...
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...There are now American subsidies for EVs, but they don’t address broader supply chain chokepoints (like access to critical minerals needed for green batteries)....
...The accident, which raised questions about safety across the North American rail freight industry, has been blamed for spreading dangerous pollutants in the area — a claim that the Atlanta-based company...
...Europe’s second-biggest insurer, which cemented its focus on property and casualty insurance with the $15.3bn acquisition of XL in 2018, said it would prioritise dividend growth and annual share buybacks...
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