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...Brereton was an executive at underwriting agency Bond & Credit Co, which was then 50 per cent owned by IAG and issued insurance policies on its behalf....
...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...
...at rating agency Moody’s....
...In the US, insurers that have taken on exposure to the private equity firm 777 Partners are under fire from regulators and rating agencies for potentially excessive risk-taking....
...The downgrade came from AM Best, the specialist rating agency, citing a significant rise in exposure to “less liquid affiliated investments”....
...It looks like the EU’s Ageing Working Group – who set common discount rates across European statistical agencies – haven’t checked their Bloombergs in a while....
...The test also requires shareholders, bond holders and uninsured depositors to absorb losses ahead of the FDIC, which contributes to market discipline....
...The bond, which Trump had to post in order to pause the enforcement of the judgment while he appeals against it, was underwritten by the Knight Insurance Group in California, according to a filing to a Manhattan...
...The agency used its newly found mandate in September against Bigmotor, a chain of used car dealerships and repair shops, which recently admitted to inflating insurance claims by intentionally damaging cars...
...But 777, Moshiri’s chosen buyer, has come under scrutiny from regulators, rating agencies and the media....
...Despite this, in 2023, the catastrophe bond market has enjoyed a comeback. Issuance in the first six months of the year was a record $10bn, according to rating agency Moody’s....
...A portable mortgage with a greater take-up rate (than an assumable loan) would increase the mortgage’s duration, making the bond more interest rate sensitive....
...Even if Trump had the collateral they need, the bond companies do not want the reputational risk....
...Its bonds are “still too expensive”, said one offshore bond trader at a Chinese state bank in Hong Kong. “The risks are not commensurate with the rewards.”...
...The billions of dollars of credit insurance covering loans from collapsed finance company Greensill Capital were written through a small, Sydney-based underwriting agency....
...That compares with gross international bond issuance in the UK that year of $1.1tn....
...Further complicating matters, specialised insurance firms have also written contracts protecting some bondholders from a default....
...The 10-year US Treasury yield, which moves inversely to bond prices, climbed 0.06 percentage points to 4.71 per cent. The two-year yield rose 0.07 percentage points to 5 per cent....
...Society solves one problem — chemicals’ annoying tendency to form bonds when heat is applied, making cookware tough to clean — and in the process creates another problem....
...Fannie, and its sister mortgage agency, Freddie Mac, had issued CLN-type bonds on about $1.7tn of mortgages....
...The Federal Deposit Insurance Corporation has therefore proposed new rules....
...The Big Read Earlier this week, Knight Insurance Group, one of a handful of companies owned by Los Angeles-based subprime auto loan billionaire Don Hankey, put up the $175mn bond for Donald Trump....
...IAG was one of the main insurers behind $10bn of cover arranged for Greensill through Bond & Credit Co, an underwriting agency the Australian insurer owned a 50 per cent stake in before selling it to Tokio...
...An island might feature a glass top and shallow, lockable drawers — the better to store, display and safeguard watches and jewellery....
...He said the so-called dealer rule his agency passed this month is more focused on big high-speed trading firms than on hedge funds....
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