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...While a couple of hundred of these still hold unlimited liability, new Names typically have limited liability....
...Indeed, in some regulatory regimes around the world, reinsurance is subject to limited regulation — recognising that reinsurance is a risk mitigation technique for professional counterparties, based heavily...
...In July B3i, a consortium of 15 insurance and reinsurance companies, ceased activities and filed for insolvency....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Some reinsurers had argued for exclusions of these countries from framework contracts, they added, but had limited success....
...In response, the Treasury has limited the scope of its data collection to insurance providers that write 1 per cent or more of the US homeowners insurance market....
...When Britain left the bloc it risked being downgraded to the status of a third country with extremely limited access rights....
...So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...The limited take-up of the scheme, originally billed as a £750mn commitment by the government but later upped to £800mn, reflected the challenge of trying to design a product a year in the pandemic....
...The sense of treading water is not limited to the stock exchange, though....
...The owner of the property is still identified in the Land Registry as Larkstone Limited, a Gibraltar-based company, which acquired it for £70mn in 2012....
...This isn’t a trend that’s likely to be limited to the US either....
...But those in the market say there is, as yet, limited appetite among insurers to provide specific war coverage for cyber....
...The most likely area to look as a potential model, diplomats say, is the union’s €100bn pandemic-related unemployment reinsurance scheme — dubbed Sure....
...firm, the Bond & Credit Co, eventually provided $10bn of coverage against the risk of default on Greensill Capital’s supply chain lending — with the financial risk held by the big global insurance and reinsurance...
...Limited respite was forecast on the weekend, with rainfall expected in some parts....
...These Instagrammers, Brown writes, are “providing the company with free labour as promo girls, giving the brand edited adverts they did not have to pay for”....
...Goldsmith called on the government to change the insurance scheme to avoid putting companies at risk of collapse....
...Rolls-Royce, Safran and GE Aviation have also paused the provision of support services “Because parts are limited, we will expect to see aircraft that are on the ground in Russia being robbed [for spare...
...The UK limited its provision of free lateral flow test kits earlier than expected to discourage the public from competing with at-risk groups for limited supplies....
...They partnered with the World Bank, reinsurance company Munich Re and local business groups....
...In total, the company estimates it will pay $475m in pandemic-related claims, after reinsurance. Masojada will be replaced by Hiscox’s chief financial officer, Aki Hussain, in January....
...This includes a prohibition on insurance and reinsurance and maintenance services. Further restrictions on the export of dual-use goods and technology, including semiconductors....
...Tokio Marine argues that its potential exposure to Greensill was limited because a significant proportion of the risk was covered by reinsurance....
...The company had maintained that its exposure to Greensill was limited since a large part of its risk was covered by reinsurance....
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