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...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...Brereton was an executive at underwriting agency Bond & Credit Co, which was then 50 per cent owned by IAG and issued insurance policies on its behalf....
...The “representations and warranties” insurance policy that JPMorgan took out for the Frank deal applies in cases of fraud and the bank has filed a claim with the underwriter, the people familiar with the...
...In 1989, one of Europe’s great industrial families, the Wallenbergs, sent a young Swedish executive called Conni Jonsson to the US to see how Wall Street worked....
...“It’s not beyond the realms of possibility that [underwriters] could process 10 times the volume,” said David King, co-founder and co-chief executive of Artificial Labs, which offers fully automated underwriting...
...Last month, retailer John Lewis said it had stopped selling insurance for electric vehicles after Covea, its underwriter, withdrew cover while it reassessed the cost of EV repairs — a move confirmed by the...
...Indeed, John Lewis has suspended sales of its EV policies by request of French underwriter Covéa as it reassesses the cost of repairs....
...The commerce ministry has called for the “healthy development” of the country’s overseas EV expansion, including co-operating more with foreign partners and utilising free trade deals....
Case studies in best practice among general counsel and company legal teams in North America
...IAG was one of the main insurers behind $10bn of cover arranged for Greensill through Bond & Credit Co, an underwriting agency the Australian insurer owned a 50 per cent stake in before selling it to Tokio...
...He got a degree in industrial management at Georgia Institute of Technology and joined the Navy, serving two years in Pearl Harbor, before getting a Harvard MBA....
...As an underwriter you’re more comfortable putting on risk positions.”...
...Meanwhile, quite a lot of Europe’s missing CO₂ is cyclical, rather than structural. Almost half of ETS emissions come from the industrial sector, which has been hobbled by high energy prices....
...US underwriter State Farm cited a “challenging reinsurance market” as well as “rapidly growing catastrophe exposure” when it announced in May it would cease writing homeowners insurance for new customers...
...He had been JPMorgan’s co-head of Emea M&A and co-head of its global strategic investor group M&A. Blackstone has hired Dan Leiter as international head of the firm’s credit and insurance business....
...Andrew Whiffin covers European banking, insurance, industrials and fund management. He is an economist and statistician by training and oversees Lex’s access to and use of financial data....
...Still, the metric used to evaluate profitability of auto underwriters, the “combined ratio”, shows that Allstate continued to lose money on its auto underwriting in the first quarter, while Progressive just...
...But it described the accident as “an exceedingly rare event” that had not been included in any of the scenarios outlined by regulators or insurance industry bodies, nor come up in its “millions of miles...
...The letter says that: “Manufacturers and users of PFAS chemicals are exposed to deep liability and insurance risks, reminiscent of those historically linked to asbestos.”...
...He also recounted the calculated and choreographed manner in which Trump would intervene in meetings company executives were holding with insurance underwriters, boasting about his wealth to try to win a...
...Citadel co-founder Ken Griffin could join the party, too. Desperate for cash, Trump will be keen for Peltz’s financial backing....
...The industry has yet to convince governments that defence is not just an insurance policy at times of war....
...The British tech entrepreneur faces fraud charges over the $11bn sale of his software company Autonomy to Hewlett-Packard in 2011 China: February year-to-date retail sales and industrial production figures...
...It has a historically low correlation with other asset classes and acts as “insurance” during falling markets and times of geopolitical stress....
...On Wednesday, Hunt announced cuts to the national insurance rates paid by employees and the self-employed....
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