Hints and tips:
Related Special Reports
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...Sydney-based IAG, which denies liability, argues that insurance offered on its behalf was invalid....
...One area of focus has been a reliance on securities such as collateralised loan obligations — packaged-up corporate debt — to back insurance liabilities....
...New York-listed insurance company Assured Guaranty has amassed more than $10bn of exposure to some of the most heavily indebted UK water utilities, underlining how the risks in the troubled sector have spilled...
...This year it did the biggest UK deal of its kind, when general insurer RSA offloaded £6.5bn of liabilities to the group....
...This means that offloading liabilities, and the assets backing them, to insurance companies is becoming a viable option for more businesses....
...Insurers sometimes “cede” assets and liabilities to reinsurers in order to manage their balance sheets....
...The plan, in common with other deals in the sector, is for GT to swap those payments for a lump sum when the deal closes, to get the liability off the books and boost ebitda....
...Insurer RSA agreed to offload £6.5bn of its liabilities earlier this year, the biggest overall transaction in the UK so far, while the Financial Times reported in July that BP was in talks over an insurance...
...The answer starts with the dumping of UK equities by UK pensions and insurance companies....
...insurance and transactional risk at Marsh McLennan....
...Insurance Australia Group, one of the main insurers to Greensill Capital, has said that rival Tokio Marine and broker Marsh McLennan should share in any liability if investors in the failed lender win a...
...Rising bond yields lower the market value of the assets insurers hold to match their liabilities....
...The letter says that: “Manufacturers and users of PFAS chemicals are exposed to deep liability and insurance risks, reminiscent of those historically linked to asbestos.”...
...Just last week, we brought you the tale of the co-head drama inside the bank....
...In privatised America, it’s starting to seem like utilities and insurance costs are the way everyone pays to fix yesterday’s mistakes....
...Assured Guaranty provides a niche type of insurance that pays out to lenders if a borrower defaults on its loans....
...The UK’s Takeover Panel, which oversees local deal activity, has named Barclays’ co-head of M&A for Emea Omar Faruqui, as its director-general....
...A new mortgage valuation will need to take place, so co-ordinate with your lender to ensure this gets booked in as soon as possible, as the offer for the new property is unlikely to be issued until this...
...Rathi cited commercial real estate as one area of potential difficulty, pointing to “what’s happening in China”, where developers are struggling under mounting liabilities, with property companies’ share...
...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....
...These steps would help scale down atmospheric CO₂ towards 350 parts per million, which scientists consider a sustainable threshold....
...Those words opened up a critical new phase in the collapse of Evergrande, which defaulted in 2021 with more than $300bn in liabilities....
...Laura Conduit, partner at law firm Farrer & Co, says she always advises getting a survey done even if the property has a defects guarantee....
...At that time, Brookfield purchased a stake in AEL and entered into a reinsurance pact, which gave the asset manager responsibility for managing billions in AEL customer liabilities....
International Edition