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...Moshiri has been battling to keep funding Everton’s new stadium since the pandemic battered the club’s finances and Russia’s war on Ukraine forced him to cut sponsorship deals with companies associated with...
...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...This is the group’s second new club in the area....
...It is continuing to provide cover to ships transiting the Red Sea, for which insurance rates have jumped as the Houthi rebel group has attacked commercial ships....
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...The price rises have sparked concern among insurance buyers and consumer groups....
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
...Robinson and other experts have likened the probe to the payment protection insurance scandal, which dates back to the 1990s when banks mis-sold insurance to millions of customers, leading banks to later...
...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...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...
...Admiral posted group pre-tax profits of £443mn for 2023, up almost a quarter on rising car insurance premiums but below analysts’ expectations....
...Meanwhile, Benham founded his own gambling company, Smartodds, based on Highgate Road, London....
...“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....
...The cost of membership at the group’s invitation-only Shell Bay club is $1.35mn. “There’s this access to luxury golf arms race that’s happened,” said one hedge fund investor who plays in the area....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...Asked if the savings target — which equates to just over a 10th of the group’s cost base — would include job cuts, Winslow said the company was “not announcing anything on jobs today” and would talk to colleagues...
...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...
...The FTSE 100 group reported record pre-tax profits of $1.25bn last year and announced a $325mn share buyback....
...Total returns for the group’s shares have underperformed the Stoxx 600 insurance sector by a third over the past three years....
...In the wake of the probe, authorities have turned a closer eye on Singapore’s most affluent residents, visiting auto dealerships and real estate groups and warning in October that luxury assets including...
...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
...Besides credit card debts, Blackstone has picked up home improvement loans, auto loans and loans financing rooftop solar power....
...Howden said the progress of his group and others such as US-listed rival Gallagher had led to a broadening of competition in the highest reaches of insurance broking, almost three years after US regulators...
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