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...The Japanese owner of Lloyd’s of London underwriter MS Amlin plans to boost its underwriting capacity in the capital’s specialist market by half to £3bn in the next five years, as it invests in the UK hub...
...Tanker owners must be able to prove they hold adequate insurance against spills in order to be allowed to access ports and other facilities....
...The insurer is due to underwrite about £2bn of business within Lloyd’s this year and then grow that as a central part of owner Mitsui’s five-year strategy to reach £3bn within Lloyd’s and the so-called company...
...Industry title Insurance Insider previously reported Aspen was planning a US IPO....
...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!...
...A 2p cut to national insurance was the main talking point coming into Jeremy Hunt’s Budget speech. He duly delivered that, saying it was a move that would “grow our economy by rewarding work”....
...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...
...Car owners have been squeezed by a surge in insurance prices since their pandemic lows, as companies try to reflect a surge in claims costs....
...Tesla owners must be choking on their kale smoothies. Auto insurers have rapidly boosted prices for electric vehicle cover in the past year, much more than for fossil fuel cars....
...The auto industry is facing a number of existential, yet simultaneous, challenges: the uncertain pace of the shift to electric vehicles, growing competition from Chinese exports, geopolitical trade risks...
...This story has been amended to correct a reference to the owner of Eurovita....
...Nusrat Ghani, industry and economic security minister, welcomed the announcement: “This is a further vote of confidence in the UK economy and exciting news that shows our plan for the auto industry is working...
...The Ulez charge has come alongside rising premiums for car insurance and higher petrol and diesel costs....
...Geely’s 2017 bailout of Lotus, when it took a stake in then-owner Proton, was welcome for a business that always drove on the verges of solvency....
...“They couldn’t confirm what it would cost at that time,” Skelding said, adding that because they were first-time dog owners, she and her partner had expected insurance cover of £1,000 would be sufficient...
...“China imposes restrictions on American autos and other foreign autos operating in China,” Biden added....
...Besides credit card debts, Blackstone has picked up home improvement loans, auto loans and loans financing rooftop solar power....
...His warnings are part of the backdrop for the bitter strike that has hit the Detroit car giants Ford, GM and Chrysler-owner Stellantis....
...Within that total are consumer and auto loans, student debt, equipment finance and even more newfangled products such as music royalties. Banks will not be completely displaced....
...Eurovita, an Italian life insurer owned by a fund operated by Cinven, the British private equity firm, went into special administration this year after the owner did not provide the level of capital injection...
...Auto-insurance businesses are still losing money. And a run of unusually destructive bad weather has brought additional losses for their property-insurance businesses....
...Three-quarters of global iPhone owners used Apple Pay in 2022, according to Deepwater Asset Management. The adoption is particularly pronounced among those aged 18-29 according to Mizuho....
...Sutherland had previously been critical of Saga’s former owners for leaving it “loaded with debt”....
...Germany’s billionaire Schaeffler family has made a bid to take over Vitesco Technologies as the heirs to the auto supplier seek to boost their presence in electric vehicles....
...Late last year, the Federal Deposit Insurance Corporation proposed requiring banks to disclose more data on what types of shadow banks they are lending to....
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