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...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...any formal investigation against Signa or persons at the company....
...Insurance group Zurich has accused financier Lex Greensill, steel magnate Sanjeev Gupta and certain of their companies of a “conspiracy” to deceive its underwriters and create sham debts....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Silver Lake agreed to buy the company at a $13bn valuation alongside executives of Endeavor and new investors, including billionaire Michael Dell’s family office....
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...For Michael Dell and Silver Lake’s Egon Durban, the stakes were arguably even greater....
...Looking forward, we will pursue rate increases in 10 states to improve margins and in other states to keep pace with increases in loss costs. Used-car costs have, in contrast, declined....
...But development in the US’s most densely populated state is heavily concentrated near shores and rivers, putting homes and businesses at risk. That risk is not being factored in to insurance premiums....
...This has already occurred in home insurance relating to climate, with US states including Florida providing cover for homeowners who are unable to get it; the UK’s Flood Re is a joint government and industry...
...That left institutional investors in Silver Lake’s funds, such as large pension funds in California, Washington state and New York, sitting on an investment that had grown by billions in value over the past...
...He and other local activists say they will step up their campaign to halt LNG developments by not just opposing their planning and licensing but also targeting the banks, private equity and insurance companies...
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...Axa’s deputy chief executive, Frédéric de Courtois, said a public-private partnership on cyber is a “must-have”, given it is generally only the biggest companies, which have also invested in prevention,...
...Now try this This week, I mostly listened to Andre Previn and the LSO’s version of Swan Lake while writing my column....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...That was the same year that it met its target of having a Chase branch in all of the 48 continental US states....
...The Big Read Earlier this week, Knight Insurance Group, one of a handful of companies owned by Los Angeles-based subprime auto loan billionaire Don Hankey, put up the $175mn bond for Donald Trump....
...The lake is close, but only really visible with a bit of neck craning. Or at least, it would be if one could crane....
...The deal is expected to ease access for companies from the European countries to India’s vast market in areas such as processed food and drinks, and electrical machinery, along with luxury items such as...
...The reinsurance industry says it cannot currently price the type of localised risk that is pushing up home insurance costs and leading to reduced coverage in states like California....
...,” which is Florida’s state-run insurance company....
...China’s state health insurance system has lost tens of millions of subscribers, as higher costs have put one of the world’s largest healthcare schemes out of reach for many people already struggling in a...
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