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...MS Amlin, one of the biggest Lloyd’s of London insurers, plans to expand in areas such as marine cover and liability insurance after spending three years repairing its underwriting profit margins....
...The Bank of England plans to stress test insurers on their exposure to reinsurers through a flurry of corporate pension deals, according to people familiar with the matter, as concerns mount about the risk...
...banks and insurers, according to people briefed on the matter....
...The Bank of England’s Prudential Regulation Authority, which oversees insurers, previously raised concerns about superfunds and regulatory arbitrage, and said they should only be used as a stepping stone...
...Argentina’s liabilities consisted of 152 different instruments across seven different currencies and eight different legal jurisdictions....
...The mechanics of the NAIC’s rule change (as described by Barclays, Bank of America, regulators, industry groups and various other sources) are . . . not especially simple....
...The ship’s lead liability insurer, Britannia P&I, said on Thursday it was “working closely with the vessel’s owner and manager and the relevant US authorities as part of the investigation into the casualty...
...My point is that insurers and banks don’t fail due to lack of capital. Banks fail because of poor lending practices and not providing sufficiently for non-performing loans....
...Analysts at Bank of America said the deal should not worsen the outlook for capital returns at Aviva....
...It can step into a void of traditional banks and insurers otherwise burdened by previous mis-steps....
...In the UK, the Bank of England has proposed limits for so-called funded reinsurance deals....
...Claims could span property and cargo damage, third-party liabilities and business interruption, said Mathilde Jakobsen, senior director at AM Best, an insurer rating agency, and would “add to the increasing...
...Private credit has less than 5 per cent of these types of loans, mostly packaged for insurers....
...liabilities....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...Bank of America cut the compensation of its top executive Brian Moyniahn by 3 per cent, or $1mn to $29mn in 2023, a year when the company’s bottom line shrunk and its stock lagged rivals....
...Britannia is one of 12 mutual insurers that make up the International Group of P&I Clubs, which take the first $10mn of losses from any one incident themselves, share another slice of losses with the wider...
...Bank of England deputy governor Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch” that could be triggered by a retreat of hedge funds, pension funds, insurers...
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...Bank of England governor Mark Carney....
...Wednesday’s private financing panel held in the World Bank’s atrium sent a subtle message to the organisation’s workers that changes are under way, an executive at one of North America’s largest pension...
...Buffett ominously hinted at some sort of regulatory bailout or relief, noting the conundrum of America increasingly needing more power when the liability from climate change could discourage necessary investment...
...Bank of America has sent “letters of education” to employees who have not been showing up at the office, warning them of disciplinary action, in the latest move from a large company to push staff back to...
...secure bank credit that could then back a surety bond....
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