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...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
...The Grenfell fire killed 72 people when it spread through the external cladding of a west London tower block....
...The Australian businessman’s company Greensill Capital, which counted former UK prime minister David Cameron as an adviser, collapsed in 2021 after failing to renew its insurance cover....
...due to fire-safety issues....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...The increase was mostly due to higher adjusted pay and benefits, according to the company’s earnings commentary....
...The latest French farmers’ protests have served as a baptism of fire for Gabriel Attal, 34, whom President Emmanuel Macron appointed in January as the nation’s youngest ever prime minister....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...That can cause safety concerns as even small dings to battery packs can destabilise cells, potentially causing fires and even explosions....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...Hankey may be playing with fire again....
...But consumer groups argue that any drag on returns is far outweighed by the potential losses from rapid outflows that can lead to fire sales....
...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
...“Farmers Insurance is well on its way to becoming the Bud Light of insurance,” Florida’s CFO Jimmy Patronis said, referring to the culture wars controversy that embroiled beer company Anheuser-Busch InBev...
...supply chain finance company had should pay out....
...London-based PIC has more than 300,000 policyholders amassed through so-called bulk annuity deals, where it takes over pension fund liabilities and the assets backing them from their sponsoring companies...
...the company in as many years....
...They are all at bottom closely connected “stakeholders”, committed to mutual support, and adept at jettisoning jargon in favour of a serious commitment to work together for mutual benefit....
...beyond many Chinese residents, particularly farmers and migrant workers who lack access to better urban and private benefit schemes....
...Ninety One and Old Mutual, which together own about 5 per cent of Sasol, have different and independent objections to the company’s disclosures....
...In recent years, its performance has been blighted by higher than expected compensation payouts linked to mis-sold payment protection insurance....
...Buckley initially joined Vanguard as a research assistant to Jack Bogle, the group’s founder, who pioneered passive investing and the company’s unusual mutual structure....
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