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UK insurance industry
MS Amlin sets growth plan after underwriting turnaround
...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
March 12, 2024
Signa Holding
Signa creditors file criminal complaint with Austrian anti-fraud prosecutors
...The Swiss bank Julius Baer has been a prominent casualty....
February 5, 2024
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
LexApple Inc
Apple’s buyback bonanza could be casualty of antitrust crackdown Premium content
...Should companies be punished for handing money back to shareholders? The Department of Justice seems to think so....
March 27, 2024
Country Garden Holdings Co Ltd
Chinese developer Country Garden misses payment on dollar bond, say creditors
...Country Garden has missed its final deadline for the coupon payment on a dollar bond, according to three creditors, making what was once China’s biggest developer by sales the latest casualty of the country...
October 19, 2023
News updates from April 3: Iger defeats Peltz in Disney proxy war; Eurozone inflation falls to 2.4%
Semiconductor plants evacuated as quake jolts eastern Taiwan
...Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, evacuated personnel from some of its plants....
April 3, 2024
LexSuperdry PLC
Superdry: woe is far from character-forming for kanji casualty Premium content
...But the delay does nothing for battered confidence in a company that seems stuck in a never-ending turnaround....
August 30, 2023
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
Lex PopuliPersonal Finance
Merits and demerits of stock pundits
...That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
March 1, 2024
Aviva PLC
Aviva returns to Lloyd’s of London for first time in two decades
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
March 4, 2024
LexWarren Buffett
Warren Buffett’s letter is a mass of contradictions on climate risk Premium content
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
February 26, 2024
News in-depthMiddle East conflict
Military briefing: the Israeli missiles used to strike Iran
...Blue Sparrow missiles have “performed flawlessly in its missions so far”, according to its producer, Israeli defence company Rafael....
April 19, 2024
Vietnam
Vietnam names Vo Thi Anh Xuan interim president as corruption purge deepens
...He was the latest casualty in a years-long corruption crackdown led by Communist party secretary-general Nguyen Phu Trong....
March 21, 2024
LexInsurance
Sampo/Mandatum: demerger gives Nordic insurer new lease of life Premium content
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
October 2, 2023
AXA SA
Axa extends focus on smaller businesses to increase sales
...Axa’s health premiums fell 7 per cent in 2023, as two contracts with large corporate clients in France were not renewed, the company said....
February 22, 2024
Diamonds and gemstones
US lab-grown diamond producer files for bankruptcy
...WD Lab Grown Diamonds, the second-largest US producer of man-made diamonds, has filed for bankruptcy, becoming the sector’s first big casualty of a burgeoning glut of fabricated gemstones....
October 12, 2023
Insurance
Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
March 28, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Israel-Hamas war
Israel passes bill to shut local Al Jazeera office
...Abu Omar was not the only Al Jazeera casualty of the war....
April 1, 2024
Signa Holding
Berlin’s KaDeWe store files for insolvency as Signa empire crumbles
...KaDeWe, Germany’s most famous and exclusive department store, filed for administration on Monday, becoming the latest casualty of René Benko’s crumbling property empire....
January 29, 2024
Energy sector
Anything can be a PFASt-growing industry
...US property and casualty insurers could face $40-180B in losses related to PFAS litigation....
January 24, 2024
Renault SA
Renault cancels planned IPO of EV unit Ampere
...The aborted flotation is the latest casualty of slowing growth in EV sales worldwide, as mainstream car buyers balk at higher prices of battery-powered cars....
January 29, 2024
News in-depthMiddle East conflict
Iran crisis risks easing pressure on Israel over Gaza, diplomats warn
...The US and UK on Thursday unveiled fresh sanctions on Iran, including targeting individuals and companies involved in drone production....
April 18, 2024
Houthi movement
Three killed in Houthi attack on cargo ship off Yemeni coast
...Arsenio Dominguez, secretary-general of the International Maritime Organization, the United Nations’ maritime arm, called the “horrific reports” of the casualties “deeply saddening”....
March 7, 2024
Israel-Hamas war
German arms exports to Israel surge as Berlin backs campaign against Hamas
...Israel said high civilian casualties have occurred because Hamas uses the local population as human shields, locating its command centres and military assets within or next to sites such as hospitals, apartment...
November 8, 2023
War in Ukraine
Russian operator blames ‘external action’ for fire at Baltic gas terminal
...The Leningrad region governor said there were no casualties as a result of the Ust-Luga fire and all workers had been evacuated....
January 21, 2024
Venture capital investment
Silicon Valley investors build $300bn cash pile in start-up funding crunch
...Companies once valued at more than $1bn including Hopin and Convoy were among the casualties. “In some ways, dry powder is a mirage....
January 30, 2024
FirstFT
FirstFT: Larry Fink warns of looming ‘retirement crisis’
...Rescue officials told local media that at least seven people had been pulled into the water, with a fire department spokesperson calling the incident a “mass-casualty event”....
March 26, 2024

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