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...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Loosening Lloyds’ risk controls “could potentially have catastrophic consequences for the future of the bank”, added Brown....
...The five groups — Willis Towers Watson, Lockton, Brown & Brown, Bridge and PIB — have agreed with the government to end the practice of sharing their commissions with these third parties on buildings over...
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...The pledge comes three years after the insurance market apologised for its role in the trade, which included extending crucial insurance to voyages and even insuring slaves as cargo....
...Lloyd’s said the agreement with Chinese insurance company Ping An, which has owned the building for a decade, will allow it to continue its renovation of workspaces and make further refurbishments, including...
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...That is “too substantial a risk for one sector to face alone”, the market’s chair, Bruce Carnegie-Brown, argued at the time....
...Brown Brothers Harriman and APP could not be reached for comment....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Winthrop Shaw Pittman healthcare & life sciences Porzio, Bromberg & Newman deals & financing Sullivan & Cromwell technology DLA Piper Supreme Court Hogan Lovells people & skills development Mayer Brown...
...The Ulez charge has come alongside rising premiums for car insurance and higher petrol and diesel costs....
...As the first team to introduce a carbon-fibre chassis to F1, more than 40 years ago, McLaren has been experimenting with technology to recycle the material, in conjunction with specialist V Carbon....
...In Tygar, the colour is a very intense yellow-orange; that’s why there is ginger, vetiver also, because vetiver is also brown.”...
...Cyber insurance is one of the fastest-growing markets as companies look for coverage following a surge in ransomware attacks....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...“We already do this successfully with our insurance products,” the supermarket chain said in a statement on Thursday....
...Lobbyists try to sweeten deal for Labour insiders | Lobbying companies are paying a premium for political operatives with Labour expertise and contacts ahead of the UK general election....
...It caused eight insurance company collapses. On one side of the trade are the insurers (or businesses and governmental bodies) seeking protection from catastrophe-linked losses....
...However, it remains unlikely that shipping companies will return to the Suez Canal, security experts say. 4....
...Sherrod Brown, a Democratic senator from Ohio, called for the FDIC’s inspector-general to conduct an independent investigation into the workplace culture of the agency....
...historic payment protection insurance (PPI) redress....
...Steve Brown has been named macro portfolio manager, and Wade Clark and Max Zaraisky are the new commodities portfolio managers....
...Kathleen Donnelly KC acted for 555 sub-postmasters in a 2019 High Court case, known as Bates v Post Office, that led to revelations the company had pursued thousands of people between 2000 and 2014 with...
...Terminal V did not respond to a request for comment....
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