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...followed reporting by the Financial Times that Dubai-based Paramount Energy & Commodities DMCC had traded a type of Russian oil last year that routinely priced above the G7 cap, while using western-based insurance...
...Hermès said on Friday that sales in the fourth quarter of 2023 grew 13 per cent to €3.36bn — ahead of forecasts from UBS — on top of already rapid growth in its biggest markets in North America and Asia...
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...Companies that rely on commercial paper will still “be able to get financing, but at what price and at what maturity?”...
...The mechanics of the NAIC’s rule change (as described by Barclays, Bank of America, regulators, industry groups and various other sources) are . . . not especially simple....
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...“Very soon after, North Korea started sending what appeared to be phishing messages....
...Instead, he said, they should focus on supporting the energy transition, by creating new types of insurance coverage that support key technologies and companies involved....
...The insurance sector is expecting a hefty bill....
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...The order from the appeals court provided a significant reprieve for Trump, who had been rushing to secure the cash for a bond after several insurance companies refused to accept his real estate holdings...
...Mercedes-Benz said Baltimore was among several ports used by the company in the US....
...Marine insurance experts told the Financial Times that the accident would probably lead to a substantial claim, including for damage to the bridge and disruption to the port....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...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....
...The act has resulted in tougher reimbursement talks between medical groups and the insurance companies that pay the bills, and meant cash flows have become harder to predict, or even dried up in some cases...
...,” which is Florida’s state-run insurance company....
...Hermès shares were up 4 per cent in Paris on Friday, giving the company a market value of €212bn....
...These companies collectively underwrote about 70 per cent of US homeowners’ premiums, it said. The Treasury’s proposals have highlighted the fragmented nature of US insurance regulation....
...Arnab Datta is the managing director of policy implementation at Employ America, a macroeconomic policy research and advocacy organisation committed to achieving and sustaining full employment....
...With a handful of companies expected to go public over the next 18 months, selectivity is key....
...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....
...Deutsche Bank has hired Andy Tam from Perella Weinberg Partners as co-head of Americas insurance in the financial institutions group. He will be based in New York....
...Barings won a preliminary injunction against the company and key employees in a North Carolina court last month....
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