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...It is continuing to provide cover to ships transiting the Red Sea, for which insurance rates have jumped as the Houthi rebel group has attacked commercial ships....
...Stan Deal, head of the commercial planes division since 2019, was immediately replaced by chief operating officer Stephanie Pope....
...Dickie said that because Grosvenor was already a commercial developer, funding construction was “already within our risk appetite” and the company could more easily “take a view on pricing that risk”....
...The so-called pensions lifeboat takes over the assets and liabilities of failed companies’ pension schemes....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the fourth quarter of 2023, the 25th consecutive quarter of rate increases....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the final three months of last year, the 25th straight quarter of increases....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...The area of private medical insurance that has seen the strongest growth has been in the number of people taking out personal cover, according to a survey by Statista Consumer Insights, a research company...
...Others caution that the number of stakeholders involved could complicate CVC’s ambitions of setting up a single management company akin to F1, which the firm owned until early 2017....
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
...into bank parent companies....
...In the chart, Commercial Union is listed as still in the FTSE 100, but General Accident is listed as acquired.— Royal Insurance and Sun Alliance & London Insurance merged, forming the company that would...
...That doughty — somewhat dull — Canadian insurance company known as Manulife does not often attract attention. This week, however, it caused a frisson in the real estate world....
...a borrower is at least 30 days late, according to filings to the Federal Deposit Insurance Corporation....
...On the positive side, 90 per cent of companies now offer some form of low-carbon product, Sherry Madera, CDP’s chief executive, told the FT: “Policymakers, companies and financial institutions alike are...
...Axa’s new strategy and bet on rising commercial insurance prices marks a shift from the group’s last three-year plan, which focused on building up health insurance sales....
...Instead, the regulator in its report referenced anonymised companies “[Company A] Bank AG” and “[Company A] Capital (UK) Limited”....
...The 20 vessels identified by the FT and Danwatch were carrying a total of about 10mn barrels of oil, according to Kpler, a data and analytics company....
...The European Central Bank has announced one of the biggest overhauls of its connections to the financial system for a decade, outlining plans to lend more to commercial banks while shrinking its vast bond...
...The US commercial real estate market, which has taken a hit from companies shifting to remote work over the pandemic, had once been seen as a safe place for return-starved Japanese lenders....
...Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, warned of “significant downside risks to the banking industry”....
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