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...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...But one government official with direct knowledge of the matter said: “The Treasury is working towards a September fiscal event and will try to cut national insurance by another 2p. That’s the plan.”...
...“If there’s a spill, voters will demand to know why their governments didn’t do more.”...
...Lloyds is two years in to a £4bn, five-year investment plan to diversify its income away from mortgages towards income streams less dependent on interest rate changes including wealth management and insurance...
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...The company conducted work to compare listing venues....
...Although JAB has some exposure to the insurance business already — namely, through a stable of pet insurance companies — it’s limited....
...“Insurance companies probably have a duty to their members and shareholders to resist liability if it’s reasonable to do so,” the barrister said....
...In 1951, he penned a column, “The Security I Like Best”, and picked Government Employees Insurance Company, or Geico, then chaired by his mentor at Columbia University, the famed investor Benjamin Graham...
...In decades past, the company car was a symbol of professional status, prized by employees as a visible marker of seniority....
...Under such schemes, governments share losses from natural disasters with the insurance sector, or create structures to pool risk....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...Ageas has 44,000 employees in 13 countries. Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...Banks and insurance companies have also created significant partnerships with private equity and credit groups such as Blackstone and Warburg Pincus, seeking their investment expertise....
...The group’s hiring strategy got it into hot water last year when it accepted that it, and certain executive officers, had “engaged in unlawful recruitment” of about 30 employees from reinsurance broker Guy...
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...This is a test of the government’s commitment to support financial services. Lloyd’s may not get the attention its near-quarter share of City GDP deserves....
...In 2018, his government rolled out a public insurance policy to cover about 120mn low-income households....
...The US government has said insurance payouts should “ultimately” contribute to the construction costs, but it does not want financing concerns to delay the rebuilding effort....
...But a less-followed risk is adding to unease at companies offering life and health insurance: scientists’ warnings, and research findings, that a warming climate is causing an increasing number of excess...
...Yesterday morning, one of the two employees involved decided to put their own account of events in the public domain, with a lengthy post on LinkedIn....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Barings won a preliminary injunction against the company and key employees in a North Carolina court last month....
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
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