Hints and tips:
...They provide mutual insurance coverage for 90 per cent of oceangoing tonnage, pooling their risk, and rely on Lloyd’s for reinsurance cover....
...German economy minister Robert Habeck yesterday signed a memorandum of understanding with his counterparts from Austria, Hungary, Poland, the Czech Republic and Slovakia for mutual assistance in case of...
...Beyond that, the group has $3bn worth of reinsurance cover....
...Apollo struck a big reinsurance deal with Prudential in June, helping add $100bn to its assets in the second quarter....
...CIAM supported a bid for the reinsurance company from Covéa, a French mutual insurer, which itself owns 8 per cent of Scor....
...Among the biggest deals was the purchase of the Co-operative Group’s investment management arm in 2013, which added £20bn of assets....
...The story so far: Covéa is a mutual insurer with an 8 per cent stake in Scor, a big reinsurance company with a market capitalisation of over €7bn....
...Weil, Gotshal & Manges has hired Joseph Pari as a partner and co-chair of its global tax department. He joins from KPMG. Barclays named 85 new managing directors. See the list here....
...Scor says the approach is hostile and that it has no desire to be controlled by a France-focused mutual....
...An attempt to acquire up to 30 per cent of Swiss Re, the reinsurance group. The question everyone is asking is, why?...
...It is similar to a new agreement signed between the EU and the US covering reinsurance....
...Flood Re itself, a mutual company, will have only a skeleton staff....
...Last year several large hedge funds, including SAC Capital, Paulson & Co, and AQR opened reinsurance arms in search of business diversification and returns that have no connection to financial markets....
...Old Mutual was 4.2 per cent higher at 157.8p. Aviva was 3.7 per cent stronger at 377p and RSA Insurance was 2.7 per cent higher at 112.7p....
...Chubb and Liberty Mutual have led the criticism in the US, while a number of companies in the Lloyd’s of London market, including Hiscox, were also critical in the past....
...The writer was a member of the council of Lloyd’s and of the McKinsey & Co taskforce commissioned to address the issues facing Lloyd’s in the 1990s....
...Washington Mutual fell 2.9 per cent to $15.59 after Bank of America told investors to sell and cut its price target 46 per cent to $13....
...In recent weeks, CIFG became the subject of the first co-ordinated bail-out of a bond insurer, when two leading French banks pledged $1.5bn to prop up its credit ratings....
...Tomorrow is the new business part of GE Life which Swiss Re, the global reinsurance group, acquired last year....
...Mr Gardell, 47, made his name by supporting a foreign takeover of Skandia, the Swedish insurer, by Old Mutual of South Africa. These two deals have helped demonise Mr Gardell....
...In the traditional reinsurance market premiums had shown a steep rise after high-profile catastrophes such as the September 11 2001 terror attacks and Hurricane Katrina, giving rise to an unstable situation...
...The Edinburgh-based mutual continues to write new policies. Sanlam was established in 1918 and demutualised in 1998....
...Earnings at MarshMac - which controls the insurance broker Marsh, the security group Kroll, the mutual fund group Putnam, the reinsurance broker Guy Carpenter and the consulting group Mercer - fell to $166m...
...Among the others, reinsurance group Benfield Group was down 5.8 per cent at 245p. Austin Reed, the fashion retailer, was down 0.4 per cent at 134½p....
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