Hints and tips:
...A centuries-old insurance marketplace, Lloyd’s launched the first phase of its “London Bridge” programme last year....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...However, the Federal Deposit Insurance Corporation estimated that losses to its insurance fund would be about $13bn....
...The Federal Deposit Insurance Corporation needs to recoup $15.8bn spent on containing bank runs. It aims to do so with a levy on uninsured deposits. Some banks are trying to game the system....
...And so the Federal Deposit Insurance Corporation, the FDIC, had to step in....
...Federal Deposit Insurance Corporation officials were told in mid-January that Signature Bank, a New York City-based lender with about $90bn in deposits, was in trouble....
...The same day, depositors rushed to pull their money — to the amount of $42bn in just 24 hours — forcing the Federal Deposit Insurance Corporation to step in....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...In March, Root appointed a chief financial officer, Rob Bateman, whose CV includes stints at well-known insurance firms such as The Hartford. There are signs of improvement....
...A huge chunk of that — Rs205bn — came from the sale of a 3.5 per cent stake in state-run Life Insurance Corporation (LIC) in May through a long-delayed initial public offering....
...for the national insurance rise to be delayed, warning that it would cause companies to “slam brakes on recruitment” to offset higher costs....
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...And on the corporation tax point, ever since Truss has said that she didn’t want to put up corporation tax from 19p to 25p, which she said she was going to do, a lot of businesses have said we’re all for...
...Email excerpts in Tata’s filings show how Gupta’s companies first cited the coronavirus pandemic, then Greensill’s implosion, as reasons for its difficulties....
...It is insanity,” said Tracy Blackwell, chief executive of Pension Insurance Corporation, a specialist insurer, in an interview with the Financial Times....
...He was in demand as a businessman — governor of one insurance company, director of another and chair of a new technology start-up (the wrong technology as it happened, his oil gas company losing out to coal...
...property and casualty arm....
...Filing a lawsuit against an insurance company or lawyer is easier now, thanks to litigation finance companies that have raised capital-markets money in recent years....
...Carnival Corporation, the vessel’s owner, soon became one of the earliest corporate casualties of the coronavirus crisis....
...The Federal Deposit Insurance Corporation said it is monitoring US banks’ dividend policies after they declared payouts totalling almost twice their earnings in the first quarter, eroding capital cushions...
...At Hertz, the car rental company then known for its pioneering computerised booking system, executives realised that transport companies would inevitably be among the first casualties....
...According to data from CB Insights and Willis Towers Watson, between 2012 and the first quarter of 2019, there were 627 deals involving investment in property and casualty insurtech companies....
...One is State Bank of India; the other is state-controlled Life Insurance Corporation of India....
...Prices for commercial property and casualty insurance have been falling for years, but a growing number of companies say that the trend is starting to reverse....
...This is not Onex’s first foray into insurance — it has also backed Ryan Specialty and York Risk Services....
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