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Insurance
Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
March 28, 2024
Maritime accidents and safety
Search suspended for missing people in Baltimore bridge collapse
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
March 27, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
ExplainerMaritime accidents and safety
The Baltimore bridge disaster: what happened and who will pay?
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
March 27, 2024
Hipgnosis Songs Fund
About that knife-edge Hipgnosis continuation vote . . .
...But it does raise questions of competence and also why the cost of providing indemnity insurance to the buyer should be borne by the listed fund and not the manager....
September 29, 2023
War in Ukraine
Russian sanctions heighten threat of oil spill disaster, shipping insurer warns
...He raised concerns about the reliability and ability of non-IG insurers to handle a spill or other accident....
April 2, 2023
BHP Group PLC
BHP damages case grows to 700,000 claimants seeking up to £36bn
...At the time of the accident, BHP was dual-listed in London and in Sydney....
March 15, 2023
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
ExplainerEnergy crisis
How the G7’s oil price cap blocked the Bosphorus
...Ünal Baylan, Turkey’s maritime director-general, wrote to shipowners and insurers on November 16 requesting that maritime protection and indemnity providers, known as P&I clubs, provide additional letters...
December 6, 2022
Letter
Letter: Extending sanctions to ship insurance poses risks
...Gillian Tett (Opinion, April 29) suggests that the global impact of sanctions against Russia could be enhanced by bans on the provision of property and indemnity (or liability) insurance to vessels carrying...
May 5, 2022
News in-depthRussian business & finance
Insurance ban to tighten squeeze on Russian oil shipments
...The maritime sector has its own special insurance arrangements through the International Group of P&I Clubs, 13 protection and indemnity insurers, most of which operate from Europe....
June 2, 2022
Cryptocurrencies30 min
FTX: the legend of Sam Bankman-Fried | FT Film
...That's not a kind of indemnity that regulators and governments have wanted to give to crypto....
March 6, 2023
Chubb Corp
Chubb to buy Cigna’s Asian and Turkey businesses for $6bn
...Chubb has agreed to pay $5.75bn for the life insurance and accident and health insurance businesses of Cigna in the Asia-Pacific region and in Turkey in the US group’s latest move to expand in the region...
October 8, 2021
Your QuestionsLucy Warwick-Ching
How can I access my late mother’s bank accounts?
...My brother recently had an accident white-water rafting in Australia and fractured his spine. He has been repatriated to the UK but has ongoing treatment and care needs....
November 17, 2021
Personal Finance
Care homes after Covid: counting the cost
...And everywhere the move usually comes at a time of distress — in the wake of a family death, an accident or hospital stay....
May 21, 2021
Insurance
Berkshire takes on $1.5bn asbestos risk from Hartford
...Hartford has agreed to pay a premium of $650m for the reinsurance from National Indemnity, a subsidiary of Berkshire. The deal will reduce Hartford’s fourth quarter after-tax profits by $423m....
January 3, 2017
Cyber Security
Global insurers worry about cyber crime exposure
...Insurers have 100 years of data on automobile accidents, and more than that on many crimes, say experts on cyber security, but most incidents go unreported and insurers lack data on the likelihood of a breach...
July 6, 2017
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
African companies
South African nuclear deal with Russia unlawful, court rules
...It added that Mr Zuma’s government gave Russia special favours including indemnity for nuclear accidents and favourable tax treatment....
April 26, 2017
US & Canadian companies
Buffett-AIG deal prompts fears over US insurance
...This month, Berkshire agreed to take on as much as $1.5bn of asbestos risk from US insurer Hartford Financial Services....
January 23, 2017
World
Insurer Beazley seeking nod for move back to UK
...The underwriter operates across professional indemnity, property, marine, reinsurance, accident and life, as well as political risk. It wrote gross premiums of just over $2bn in 2015....
February 25, 2016
US & Canadian companies
BP settles with Transocean and Halliburton over gulf spill
...litigation over the accident....
May 21, 2015
US & Canadian companies
BP faces $18bn fine on negligence ruling
...Its remaining financial risk would only be for pollutants discharged during the first two days of the spill, and any damages would anyway be covered by its indemnity from BP, it added....
September 4, 2014
The Fit Executive
Dilemma of heart attacks that strike during exercise
...Dr Thompson, who ran 27 Boston marathons before breaking his hip in a bike accident recently, says that athletes who die of heart attacks before the age of 30 tend to have a condition called hypertrophic...
September 8, 2014
Luke JohnsonLuke Johnson
Insurance is bigger than the small print
...The seven overriding principles of insurance – utmost good faith, insurable interest, indemnity, contribution, subrogation, mitigation and proximate cause – have been cornerstones for hundreds of years,...
January 7, 2014
Fund management
Buyers swoop in for stocks punished by turbulence
...In having reviewed the Oil Pollution and Clean Water acts (which measure and assign liability) and Transocean’s lease with BP, which included an indemnity agreement that minimised Transocean of responsibility...
December 16, 2012
Insurance
MetLife shifts focus as fears hit shares
...MetLife is moving into accident and health insurance and scaling back its variable annuities business, as its chief executive warned that perceived risks in its investment portfolio were weighing on the...
May 23, 2012
FT AlphavilleJoseph Cotterill
Can the Bank keep Posen, please?
...operations to whatever securities happen through historical accident, and perhaps political capture, to be guaranteed at a given time?...
June 11, 2012

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