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...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...on buyout groups’ attempts to trust-build with prudential regulators....
...Some TV shows could only be made in America....
...Future of Asset Management North America Hosted by the Financial Times, in collaboration with Ignites and FundFire, Future of Asset Management North America is taking place on September 27-28 at etc.venues...
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...In a speech earlier this year, the Bank of England’s Prudential Regulation Authority, which oversees insurance companies, called for moderation “in the face of considerable temptation” to do deals....
...On the insurance side, none of the public insurers are close to the 10% limit, which means it would probably be a heavy lift for them to scale up to maintain eligiblity....
...The state of California itself supported the creation of a specialised insurance fund to socialise risk. Claims against Hawaiian Electric may be trickier to resolve. The population is smaller....
...Globally, insurance companies manage assets of about $44tn, according to the International Association of Insurance Supervisors....
...Higher rates wiped almost $7bn from the company’s “embedded value” last year. Embedded value is a key metric in insurance. It is also controversial....
...insurance company....
...side effects, leaving national governments on the hook instead....
...The designation would hinge on FSOC’s determining that “material financial distress at the company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the company...
...Data compiled by NAIC shows CLO holdings of insurers have surged to more than $200bn, though that figure represents only about 3 per cent of the aggregate investment portfolio of the companies in the insurance...
...“The EU is implementing Basel III in a way that these requirements apply to all banks — that provides an additional layer of safety in the prudential regulation of EU banks,” said Dombrovskis....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...Any failure to secure insurance will make it far harder and riskier for shipowners to continue operating fleets suspected of involvement in illegal activities....
...Meanwhile Steve Daines, the Republican senator from Montana, accused the Biden administration of providing “bailouts” that would put lenders and families in his home state “on the hook for the mismanagement...
...by the FT’s Harry Dempsey and Leslie Hook and DD’s Rob Smith....
...The company, which provides life insurance in mainland China, has retreated 14 per cent since the start of the year....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...It fell to her eldest daughter, the writer and novelist Doon Arbus, to deal with her still-emergent work as a pioneering photographer of postwar America....
...insurance executive, speaking on condition of anonymity....
...Refinitiv estimates that of the 1.27mn they were on the hook for, Opec members have delivered just 710,000....
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