Hints and tips:
...Communication overdrive One risk is that as companies grapple with the operational impact of the pandemic, workers stuck at home are tempted to work nonstop....
...In commercial lines, the groups with the largest market share in the state are: First Insurance Co. of Hawaii, American International Group, Inc., Allianz Global Risks US Insurance Co., DB Insurance Co....
...“It's not my style to take large limits and retentions of risks . . . There's a lot of value in reinsurance.”...
...Such nuances should be heeded, says Tim Willis, a director at security specialists International SOS and Control Risks....
...Thus the most common forms of risk insurance are policies that cover these warranties and indemnities....
...Sandy Weill rolled up various commercial banks, investment banks, brokerages and insurance companies to form Citigroup....
...“And if you take a risk and you win, you shouldn’t be blamed for winning because the people who lose didn’t do so well.”...
...after they had received death threats following the company’s payment of retention bonuses....
...(Financial Times) AIG agreed to pay $960m to resolve a shareholder lawsuit that had demanded compensation – potentially exceeding $100bn – for the collapse in the insurance group’s value when it was bailed...
...More of these “jumbo” pension risk transfers are anticipated by Mr Hunt....
...If Sharon or Bilal is denied a job or insurance, they may never know which piece of data caused the denial....
...Germany’s Allianz, AIG of the US, French group Axa and Ping An Insurance of China....
...(Wall Street Journal) RBS sets date for insurance scheme exit: Royal Bank of Scotland confirmed on Wednesday that it was pulling out of a “toxic” asset insurance scheme backed by the UK state in a move...
...It follows a similar experience at Domestic & General (D&G), the warranty and insurance group, which sued its SAP integrator, HCL Axon for £18.9m for a failed IT project, and settled for £13m in 2011....
...Man agreed to pay nothing up front with the cost rising to $82.8m, depending on asset retention. Analysts saw the deal as low risk and capable of boosting 2013 earnings by 11 per cent....
...James Gorman, the bank’s chief executive, applauded the deal as helping build capital and de-risk the balance sheet....
...Fannie Mae, in its revised guidelines, said: “The lender is not responsible for any of the representations and warranties associated with the original loan.”...
...Asia generates one-third of insurance profits and business there is growing fast. That at least limits the risks to investors if the EU obliges Mr Thiam to deliver on his threat....
...They were dismayed by the execution risk of combining G4S with cleaning and catering group ISS at a time of global economic uncertainty....
...The Anglo-Dutch publishing group said the acquisition of Accuity, which provides data in credit risk, regulatory compliance and online payment systems, would complement its UK Bankers’ Almanac business and...
...It encourages risk-taking with little long-term repercussions, much like what we saw before the crisis.”...
...“The point we are making, unlike others, is that risk retention is a good idea,” John Gibbons, an executive vice-president with Wells Fargo Home Mortgage, said recently....
...Lastly the administration may give tacit approval to exempting loans in which borrowers put 20 per cent down from new risk retention rules, which means banks would wind up selling fewer loans to Fannie and...
...“We are about creating sustainable, rather than opportunistic, profits,” says Mr Walsh, chief executive of Cuna Mutual Group Europe, and previously commercial director for insurance at Barclays....
...In the spring of 2009 the furore over financial executives’ bonuses reached fever pitch and employees of AIG, the bailed-out insurance group, received death threats after its plans to pay retention bonuses...
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