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...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...Aspen is owned by private equity group Apollo and sells insurance and reinsurance through the Lloyd’s of London market as well as in Bermuda and the US....
...The government is seeking the order against Yianis Holdings Ltd and two other companies in the group....
...Insurance prices are surging as companies look to repair their margins after years of significant losses from severe weather to insured properties, exacerbated by inflation in rebuild costs....
...Most, but not all, of the Ecuadorean bonds have been placed, primarily with pension funds, insurance companies and asset managers....
...Supportive regulators help explain the success of rival centres such as Bermuda....
...Lloyd’s boss John Neal told the Financial Times that the incident had the potential to produce the largest marine insurance claim in history, topping the crash of the cruise ship Costa Concordia in 2012,...
...supply chain finance company had should pay out....
...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....
...Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies....
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...the company in as many years....
...company....
...London-based PIC has more than 300,000 policyholders amassed through so-called bulk annuity deals, where it takes over pension fund liabilities and the assets backing them from their sponsoring companies...
...The International Union of Marine Insurance said in September that although fires caused by these vehicles were not more common or intense than those caused by traditional cars, new firefighting techniques...
...Marine insurance experts told the Financial Times that the accident would probably lead to a substantial claim, including for damage to the bridge and disruption to the port....
...However, Michael Bodouroglou, chair of Athens-based Allseas Marine, said some companies seeking to charter his so called “dry bulk” ships had asked to take out of the contract a standard “wartime” clause...
...The company collapsed two years ago after its insurance expired, sparking a political and financial scandal....
...“There are still many companies that do not insure the cargo for war risk until their ships cross into Ukrainian waters and take the risk due to the current high costs of insurance.”...
...Something akin to this happened in August 2007 — a fire sale liquidation of quantitatively constructed portfolios which revealed a systemic risk in this part of the hedge fund industry....
...Greensill’s insurers, which include BCC’s former parent Insurance Australia Group, Tokio Marine and Zurich are refusing to pay out on the company’s credit cover....
...Fire risks are also rising, given ships are carrying greater amounts of lithium-ion batteries....
...Following the collision, the JAL plane caught fire as it skidded along the runway....
...The centuries-old market has been at the heart of the marine insurance sector since its inception....
...A record total of blue bonds has been issued by companies and countries this year, Nordea says....
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