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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Mark Brown, general secretary of the independent BTU union, said Lloyds seemed to be “throwing the baby out with the bathwater” just as the lender was under scrutiny as part of an industry-wide probe into...
...Then, a mere 10 hours before the bankruptcy filing, a company lawyer changed the address of the shell corporation to a post office box in Houston....
...Days later, the group voted against Quinn’s re-election at the bank’s annual general meeting, according to people familiar with the situation....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...The company’s shares were down more than 2 per cent in morning trading in London....
...He also revealed he had sold a “substantial part” of the company’s oil inventories and used the cash as general funds, even though it was the subject of inventory financing agreements with banks....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Such dinners have become a regular industry feature in recent years, often hosted on the sidelines of the annual CERAWeek energy conference in Houston....
...Premiums from its general insurance division, which includes car insurance, also grew....
...Senior executives at US producers have held regular private dinners with Opec executives in recent years, often on the fringes of the annual CERAWeek energy conference in Houston....
...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
...Nicolas Jeanmart, head of personal and general insurance at Insurance Europe, which represents EU insurers, says: “The focus of insurers has so far been less on public health but rather on damages to properties...
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...Employee ownership accounts for a third of Howden’s shares, alongside external minority shareholders including private-equity groups General Atlantic and Hg....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...US carmakers including Ford, General Motors and Tesla have all recently paused plans to expand EV manufacturing capacity....
...National General implemented rate increases at 10% in 2022 and an additional 12.8% in 2023....
...Laura Hughes, its manager for general insurance policy, said the government should “guarantee that flood prevention and resilience measures are considered in all planning decisions and building standards...
...Proxy advisers “do serious harm” to the competitiveness of UK companies says the AstraZeneca chair (Report, April 16). They do indeed....
...“In general, the returns in a given presidency have very little to do with who is in office....
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