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...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...In Europe, Cinven’s problems have underscored the risks of the first model, they say. “All EU regulators are really down on PE fund owners right now,” said one insurance executive....
...Aviva is re-entering Lloyd’s of London for the first time in more than two decades to boost its exposure to the thriving commercial insurance market....
...For 40 years, a 12th-century walrus-ivory carving on loan to the V&A in London has captured the imagination of museum visitors....
...This cover is provided in the first instance to the Dali by Britannia P&I Club....
...“America deserves better than a feeble, confused, and tired Donald Trump,” he added....
...The analysts at Employ America have also highlighted auto insurance’s role in the recent gap between the CPI and the Fed’s favoured PCE indicator — and reckon that part of the gap could very possibly narrow...
...For the first time in more than a decade, solid yields are available on the highest-quality bonds....
...The first ship to arrive at the Sparrows Point terminal after it reopened on Wednesday was the Wolfsburg, named after VW’s German headquarters, the port operators said....
...The bridge was first opened in 1977. In a statement, the Port of Baltimore said it was closed to shipping traffic “until further notice”, although it remained open to trucks....
...“All EU regulators are really down on PE fund owners right now,” one insurance executive told the FT....
...What if I became America’s Most Wanted and then escaped? The answer was always the same: chaos would ensue. It was glorious....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...“The intensification of Hurricane Idalia prior to landfall was fueled by climate-related increases in water temperatures in the Gulf [of Mexico],” First Street said....
...Reinsurance group Swiss Re calculated the global insurance industry had racked up $50bn in losses from natural disasters in the first six months of 2023, marking the worst start to a year since 2011....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...The pledge comes three years after the insurance market apologised for its role in the trade, which included extending crucial insurance to voyages and even insuring slaves as cargo....
...At first glance, that looks scary; 40 per cent is a big number. But in reality investors should celebrate....
...“I think the most educated women in America have heard of egg-freezing.”...
...His first six bankruptcies all took place before he went into politics....
...Nu’s default rates in Mexico are higher than the average at its peers, which the company puts down to its large number of first-time card customers....
...The fallout has already spread to other sectors including local insurance groups. The sector’s shares fell on the back of investors’ fears about their potential exposure....
..., Signature and First Republic....
...US-based Hims and Hers, having lifted sales by two-thirds last year to $872mn, expects to turn its first annual profit this year....
...Building a robust risk monitoring system is the first order of business....
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