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...Disclosure on funded reinsurance is partial....
...But at a private event last month, one executive at the corporation that oversees the market told underwriters that it has not yet seen clear evidence that a warming climate is a major driver in claims costs...
...incurring corporation or withholding taxes....
...Regulators have raised concerns about the pace of buyouts, whether providers were being tempted to do deals outside their core expertise, and the risks of some of the reinsurance deals that they are building...
...Insurers’ use of reinsurance is also under the spotlight....
...That structure, managed by specialist fund administrator Horseshoe, promises investors exposure to a syndicate’s investment and underwriting returns, or losses, but exempts them from corporation tax and...
...King & Wood MallesonsO: 6; L: 6; I: 7; Total: 19The firm acted for Hong Kong-based reinsurance specialist Peak Re on the issue of the first 144A catastrophe bond transaction in Hong Kong....
...and United Aircraft Corporation....
...It struck its largest transaction in six years, agreeing to pay $11.6bn in cash for insurance-to-toy manufacturing conglomerate Alleghany Corporation. The purchase is classic Buffett....
...And Coleen says that they observed the government granting land concessions to various corporations which displaced farmers and other communities....
...But the roughly 5,000 market participants now there over the course of a week — leaving aside the staff for the corporation that run the market — remains just a quarter of pre-pandemic levels....
...That has made writing liability coverage for large corporations much less attractive, therefore more expensive. And it’s not just the premium rates that have gone up....
...Apollo struck a big reinsurance deal with Prudential in June, helping add $100bn to its assets in the second quarter....
...Although there is no corporation tax on the island, the industry is a major employer and its workers generate a lot of indirect taxes for the government....
...A European deposit reinsurance scheme would significantly enhance the resilience of national deposit insurance....
...Mr Scholz notes the US Federal Deposit Insurance Corporation as a model. I suggest his efforts won’t succeed without looking at the UCC....
...“A lot of fund management companies want to keep quiet because, let’s be realistic, a lot of the institutional client base is the same as these corporations....
...The biggest impact of the rule changes on Bermuda is on reinsurance groups, creating an excise tax on inter-company transactions....
...But rates for new reinsurance contracts are shooting up....
...An attempt to acquire up to 30 per cent of Swiss Re, the reinsurance group. The question everyone is asking is, why?...
...The tax package gives corporations a generous cut in the headline corporate tax rate from 35 per cent to 21 per cent, but the insurers’ predicament highlights how some sectors have been left facing perceived...
...The reinsurance group said on Wednesday that the 2017 total would be more than double the 2016 figure and well above the 10-year average of $58bn....
...The affected payments would include cross-border royalties, debt interest costs, management fees and reinsurance charges, but they would exclude the cost of goods and materials....
...State-owned General Insurance Corporation takes 46 per cent of all reinsurance on to its books and the rest is left to domestic insurance....
...Crédit Agricole CIB has appointed Atul Sodhi as global head of debt capital markets for corporations....
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