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...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
...The Grenfell fire killed 72 people when it spread through the external cladding of a west London tower block....
...costs for thousands of leaseholders in buildings with fire-safety issues....
...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....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...That can cause safety concerns as even small dings to battery packs can destabilise cells, potentially causing fires and even explosions....
...(“English councils ‘forced to the pawnshop’ in fire sale of assets”, Report, FT.com, February 28)....
...Vanguard chief executive Tim Buckley is stepping down at the end of this year after six years, following a period of rapid growth that included the $9tn asset manager coming under fire for its stance on...
...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...
...Next, the shadow banking system — an assortment of financial institutions ranging from hedge funds to insurance companies — still lacks the liquidity to weather price adjustments, according to the FSB....
...In the filing, IAG also claims that Marsh, the world’s biggest insurance broker and the company that placed Greensill’s cover with insurers, “ought reasonably to have known” that the wording of a key 2019...
...Higher interest rates lit a fire under the corporate pensions market, with improved scheme funding levels meaning hundreds of billions of pounds of pension obligations are expected to be transferred from...
...He doesn’t want to fire Bob Iger, he insists, but he is critical of bloated executive compensation over the past decade as shares underperformed....
...Biden has also come under fire from parts of the Democratic party for his support for Israel during its war in Gaza....
...deposit insurance fund had to cover, from the bank failures last year....
...The home insurance industry has also been affected by pricing regulations put in place at the beginning of last year, which stamped out the practice of so-called price walking, where renewing customers would...
...Insurance companies have pushed up the costs of protecting homes, cars and valued possessions from loss and damage....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...The company’s interim payout dipped. Admiral shares should yield just over 5 per cent in 2024, according to Visible Alpha consensus....
...The firm’s “apparent conflicts of interest permeated FTX’s bankruptcy filing and every aspect of the case”, wrote Jonathan Lipson of Temple University and David Skeel of the University of Pennsylvania....
...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...
...The PLD impact assessment estimated annual payouts from the reformed system could reach €217mn and insurance costs for companies rise around 10 per cent....
...Downing Street insisted “no decision has been taken” on HS2 but senior Conservatives said Sunak had decided to save billions of pounds by building only the southern leg between London and Birmingham....
...He had been JPMorgan’s co-head of Emea M&A and co-head of its global strategic investor group M&A. Blackstone has hired Dan Leiter as international head of the firm’s credit and insurance business....
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