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...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...The Insurance Development Forum, a World Bank and UN-backed partnership of insurers and international bodies, plans to raise an infrastructure fund of hundreds of millions of dollars to help developing countries...
...The Bank for International Settlements warned last week of the risks that an “insurance market failure for climate-related risks” could spill over into a credit shock and force government to be insurers...
...The administrator for Greensill Bank, the group’s German banking unit, which held some of the insured notes, is among entities suing insurers as part of key proceedings in Australia....
...Groups representing more than two dozen international lenders — including insurers, banks and bondholders — with claims totalling more than €3bn told the Financial Times that Signa properties worth hundreds...
..., HCA International or Circle Health Group, with the fees paid for by patients, the NHS or insurers....
...All of Russia’s oil shipped through the Baltic Sea, roughly 60 per cent of its total seaborne oil exports, crosses the narrow Danish straits on its way to international markets....
...banks and international insurance groups including Lloyd’s of London....
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
...into bank parent companies....
...Greensill Capital, which once boasted former prime minister David Cameron as an adviser, collapsed after it failed to extend the insurance cover that was crucial to its business of securitised loans....
...The marine insurance market has also seen a sharp rise in the cost of travelling through the Red Sea and Suez Canal as a result of a wave of attacks by Iran-backed Houthi rebels....
...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....
...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...
...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...
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...Kyiv is separately seeking to encourage international insurers to issue significant amounts of insurance for activities and investments to aid Ukraine’s reconstruction, which it is estimated will cost $411bn...
...A second approach would be to adopt the Insurance Capital Standard (the ICS) being developed by the International Association of Insurance Supervisors, tailoring it specifically for reinsurers....
...Zhao, also known as CZ, agreed to plead guilty to a criminal charge of failure to protect against money laundering, pay $50mn in penalties and step down as chief executive as part of the deal he struck with...
...Foreign secretary Lord David Cameron said “international economic pressure” meant Russia was struggling to afford the invasion....
...Insurance Australia Group, the Sydney-based insurer embroiled in litigation over the collapse of finance company Greensill Capital, has said it has 20 claims with an aggregate value of A$7bn ($4.5bn) related...
...Insurance certificates for two US coal mines list Zurich-based reinsurance leader Swiss Re and US insurer Liberty Mutual as providing insurance cover for the operators of projects in Wyoming and Montana...
...The company’s Geico auto-insurer, which had struggled to cope with payouts on claims for much of the past two years, showed improvement....
...This is essentially a measure of insurance losses and running expenses combined as a percentage of the money brought in through premiums....
...“We take them through steps of design thinking, of agile processes, or what a minimum viable product really means,” says Kiran Mallavarapu, an engineer by training who leads the team....
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