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...While a couple of hundred of these still hold unlimited liability, new Names typically have limited liability....
...The Russian dark fleet’s insurance arrangements with Ingosstrakh potentially expose coastal states in Europe and Asia to huge potential clean-up costs in the event of a spill....
...Lemonade, whose shares have fallen more than 70 per cent since its first day of trading in New York in 2020, provides a range of insurance including for homes, pets and cars to customers in the US and Europe...
...It has also rebranded another subsidiary, MSI Europe, as MSIG UK to help build up its position in the company market outside of Lloyd’s and reduce the unit’s traditional reliance on serving Japanese clients...
...The company predicted that the market for medical cannabis would grow rapidly in Germany and elsewhere in Europe where the drug was cleared for medical usage....
...The chair of the EU’s insurance regulator has said urgent action is needed to protect Europe from climate risk, as mounting economic damage from natural catastrophes raises concerns that some areas could...
...Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Abruptly, the pain spread to Europe....
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...For the limited universe of targets, this is the moment to cash in. The Blue Owl deal is a little trickier than meets the eye. Apart from the investment manager, Kuvare also sells annuities....
...Zurich, one of Europe’s biggest insurers, struck a deal to sell its German legacy life insurance back book — including annuity and endowment products — to Viridium in 2022....
...at specialist caravan insurance provider Compass....
...Only in a limited sense, Reid says. The crucial difference is that Ukraine is defending itself against a Russian assault on its independence and identity....
...Milanović has accused Plenković, his decades-old arch rival, of running a corrupt regime. Plenković has said the president is a loose cannon that acts in Russia’s interests....
...PE-backed insurance blow-ups attract scrutiny in Europe It’s “one step forward, three steps back”, said one adviser to private equity on the impact of Italian life insurer Eurovita’s collapse last year...
...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
...Rossi, who became chief executive in late 2022, highlighted the group’s investment performance across its funds and the contribution from the life insurance business as the reasons behind the company’s recent...
...Hunt is expected to cut income tax or national insurance....
...Insurance group Zurich has accused financier Lex Greensill, steel magnate Sanjeev Gupta and certain of their companies of a “conspiracy” to deceive its underwriters and create sham debts....
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