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...The former US president’s team has spent “countless hours negotiating with one of the largest insurance companies in the world”, the lawyers wrote in a filing, citing a broker they hired, but have concluded...
...The Russian dark fleet’s insurance arrangements with Ingosstrakh potentially expose coastal states in Europe and Asia to huge potential clean-up costs in the event of a spill....
...Lemonade, whose shares have fallen more than 70 per cent since its first day of trading in New York in 2020, provides a range of insurance including for homes, pets and cars to customers in the US and Europe...
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...A-Cap entities directly funded some of 777’s sports investments, including providing what appears to be $60mn in short-term working capital finance to Nutmeg Acquisition, an entity involved in 777’s football...
...But in a statement early on Thursday, the company expressed regret over the tragedy....
...The chair of the EU’s insurance regulator has said urgent action is needed to protect Europe from climate risk, as mounting economic damage from natural catastrophes raises concerns that some areas could...
...The former president’s team had spent “countless hours negotiating with one of the largest insurance companies in the world”, the lawyers wrote, but had concluded that “very few bonding companies will consider...
...If insurance companies and friendly billionaires think he is too big a credit risk, who might help him out instead? What sort of collateral could Trump offer in return?...
...“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....
...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...
...Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour. Yet last year’s performance was the best for 16 years....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...That bond was underwritten by a subsidiary of the Chubb corporation....
...Its share price and that of bigger rival L&G have snaked sideways for more than a year. Just trades at a 60 per cent discount to book value. Its life insurance peers are closer to parity....
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...Zurich, one of Europe’s biggest insurers, struck a deal to sell its German legacy life insurance back book — including annuity and endowment products — to Viridium in 2022....
...of a warming climate....
...The Russell 2000 index has risen 24 per cent since the beginning of 2020, lagging behind the S&P 500’s more than 60 per cent gain over the same period. Read the full story. 4....
...However, an improving macroeconomic outlook and hopes that interest rates will decline in the second half of the year mean S&P expects Europe’s default rate to stabilise at about 3.5 per cent by year end...
...In recent weeks, more companies have hinted at early signs of a consumer slowdown. Costco shares have fallen 9 per cent since the company missed sales expectations in early March....
...Last year, the company also completed an acquisition of New York-listed Cigna’s life and health insurance businesses across six Asia-Pacific markets, including Taiwan....
...This is roughly comparable to average default rates observed in companies that receive a B credit rating from S&P (3.4 per cent) and a B3 from Moody’s (4 per cent)....
...The UK-based lender will book a $1bn hit to its pre-tax earnings in the first quarter of 2024 as a result of the sale, the latest in a series of moves to sell off parts of its operations....
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