CROSSING CONSTRUCTION COMPANY, INC. v. ST. PAUL FIRE AND MARINE INSURANCE COMPANY | Search

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UK insurance industry
MS Amlin sets growth plan after underwriting turnaround
...MS Amlin is targeting growth in areas such as marine insurance, one of its specialities....
March 12, 2024
Paramount Global
Paramount expected to fire CEO Bob Bakish after clash with Shari Redstone
...Paramount is preparing to fire chief executive Bob Bakish, adding more uncertainty at the Hollywood group controlled by Shari Redstone as it holds merger discussions with Skydance Media and prepares for...
April 28, 2024
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
Tokio Marine Holdings Inc
Tokio Marine warns on insurers backing away from climate risks
...The head of Tokio Marine has said the Japanese insurance company “cannot run away from” natural catastrophe risk despite deepening concerns among investors and policymakers over rising industry losses linked...
November 28, 2023
Lloyd's of London Ltd
Lloyd’s of London attracts biggest ‘Names’ syndicate since 1990s
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
March 28, 2024
Insurance
Aon chief calls for better models for ‘stressed’ property insurance market
...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
April 7, 2024
News updates from May 8: US pauses weapons shipment to Israel, Uber’s earnings hit by legal costs
Paul Marshall’s company loses legal battle over shipwreck silver
...A company controlled by hedge fund manager Sir Paul Marshall has lost a legal battle over silver bars worth about $43mn that were recovered from a shipwreck in the Indian Ocean....
May 8, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 4 September237 Park Avenue, New York, NY, USA
Rana Foroohar
The crippling home insurance crisis hitting America
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
April 29, 2024
LexTotalEnergies
Crossing the Atlantic is no easy fix for Europe’s oil majors
...Companies would have no easier ride convincing them stateside....
May 9, 2024
Greensill Capital
Greensill insurer IAG turns fire on rivals in battle over investor losses
...Credit Suisse, whose clients ploughed $10bn into funds the Swiss bank ran with Greensill, is suing SoftBank in London to try to reclaim up to $440mn borrowed by SoftBank-backed construction company Katerra...
November 2, 2023
The Big Read
How deep are the problems at St James’s Place?
...He had also worked with Paul Manduca, the SJP chair, who had held the same position at Prudential until 2020....
May 7, 2024
St James's Place PLC
St James’s Place shares fall 30% as it takes £426mn provision for client refunds
...St James’s Place said it anticipated it would take between two and three years to settle the issue, and had engaged “extensively” with the FCA on the matter....
February 28, 2024
Berkshire after Buffett
Berkshire after Buffett: the risk ‘genius’ pulling the insurance strings
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
May 2, 2024
Construction sector
UK construction activity grows at fastest pace for more than a year
...But housebuilding activity registered a setback with the lowest reading since January, as construction companies noted sluggish market conditions and the impact of elevated borrowing costs....
May 7, 2024
Insurance
Chubb to send $350mn insurance payout for Baltimore bridge
...Last month, Chubb’s chief executive Evan Greenberg told analysts that the company’s “exposure is within what we would contemplate and there’s nothing outsize to us”....
May 2, 2024
News in-depthWealth management
The fee fiasco weighing on St James’s Place
...“I think [this issue is] going to affect way more companies than just St James’s Place,” said Charlotte Ransom, CEO of discretionary wealth manager Netwealth....
March 2, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
Zurich Insurance Group AG
Zurich’s sale of $20bn life insurance book to PE-backed group collapses
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
January 30, 2024
War in Ukraine
Russian operator blames ‘external action’ for fire at Baltic gas terminal
...Operations have been suspended at a major gas terminal outside St Petersburg after a large fire broke out, which the Russian operator said had been caused by “external action”....
January 21, 2024
The FT ViewThe editorial board
The painful rise in home insurance costs
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
April 1, 2024
Insurance
Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge
...The US government has said insurance payouts should “ultimately” contribute to the construction costs, but it does not want financing concerns to delay the rebuilding effort....
March 28, 2024
Travel
In search of South Africa’s ‘Marine Big Five’
...The ocean had calmed down sufficiently for Grootbos to arrange trips with aquatic tours company Marine Dynamics to spot fleeting dolphins, migratory southern right whales and unfathomable numbers of cape...
April 17, 2024
St James's Place PLC
Net inflows at St James’s Place drop sharply
...St James’s Place has suffered a sharp drop in net inflows over the first quarter as the wealth manager grapples with customers withdrawing their money and potential redress payments to clients....
April 30, 2024
UK economy
Rise in civil engineering activity boosts UK construction sector
...at the research company Capital Economics....
April 5, 2024
PZ Cussons Beauty LLP
PZ Cussons to sell St Tropez tanning brand and review Africa business
...Analysts estimate that its St Tropez brand, which it purchased for £62.5mn more than a decade ago, could be worth £100mn Shares in the Manchester-based company were up by almost 5 per cent in morning trading...
April 24, 2024
Paul Marshall
Hedge fund boss Paul Marshall loses case over silver salvaged from shipwreck
...A company controlled by hedge fund manager Sir Paul Marshall has lost a legal battle with the South African government over $43mn of silver bars recovered from a second world war wreck in the Indian Ocean...
May 8, 2024
Agricultural commodities
US cattle prices drop as traders fear bird flu outbreak could knock demand
...The US Department of Agriculture at the start of this week banned infected cattle from crossing state borders and said it would test ground beef for bird flu particles, as the UN’s World Health Organization...
May 2, 2024

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