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...“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...
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...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....
...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....
...Lastly, an international dimension is needed....
...They say the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency have exceeded their remit and could diminish the competitiveness of US banks by unilaterally...
...managing director of tax liability insurance and transactional risk at Marsh McLennan....
...The coalition of NGOs, which includes Friends of the Earth Netherlands, Fair Finance International and Profundo, a Dutch research consultancy, looked at exclusions by about 150 pension funds, insurance companies...
...Globally, insurance companies manage assets of about $44tn, according to the International Association of Insurance Supervisors....
...The latest deal will allow Holcim’s North America unit to speed up growth and could value the standalone business at more than $30bn....
...Yet the US Federal Deposit Insurance Corporation estimates that unrealised losses on American banks’ securities amounted to $515.5bn at the end of March, equivalent to 23 per cent of the banks’ capital....
...science companies....
...Meanwhile, a veteran of the 1980s bank crisis in the US has criticised the decision by the Federal Deposit Insurance Corporation to sell First Republic to JPMorgan....
...SVB and Signature Bank were the second and third-largest bank failures in US history, with combined assets of $319bn, according to data from the US Federal Deposit Insurance Corporation....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...In the first half of the year, Lanvin Group reported a 73 per cent year-on-year revenue increase to €202mn, driven by growth in Europe and North America....
...Strategic Value Partners has named Advent International’s Dave Richards as North America co-head of its investment-operating team in Greenwich and Sun Capital’s Sergei Spiridonov as European co-head for...
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2022....
...The Federal Deposit Insurance Corporation estimates that US banks’ unrealised losses on securities were $620bn at the end of 2022....
...Bob Lojewski, CSL’s senior vice-president and general manager North America, said the $3.5mn price tag on Hemgenix was justified because it was possibly “the most effective treatment in the world” and would...
...John Firth, of insurance company Willis Towers Watson, pointed out that “duty of care” requirements mean a risk of lawsuits over professional advice that fails to take climate-related threats into account...
...That’s why the company is seeking to buy what it calls “mini-MatchMoves” in markets in central Europe, Latin America and the US, he said....
...Even after the corporation tax rise this April, we will have the lowest headline rate in the G7. Only 10% of companies will pay the full 25% rate....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
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