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...Fidelis will work with Hampden, the largest agency at Lloyd’s allowing wealthy investors to participate in the market by putting their capital against insurance risks....
...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...KPMG has been fined £1.46mn by the UK accounting regulator for “serious failings” in its audit of M&C Saatchi, the advertising agency that was hit by an accounting scandal in 2019.The Financial Reporting...
...The rating agency recently upgraded its credit rating on an improved underwriting performance and a stronger balance sheet. Lloyd’s has also made progress in reviving face-to-face trading....
...KPMG has been fined £1.5mn by the UK accounting regulator for “serious failings” in its audit of M&C Saatchi, one of Britain’s best-known advertising agencies....
...The downgrade came from AM Best, the specialist rating agency, citing a significant rise in exposure to “less liquid affiliated investments”....
...Canadian insurance group Manulife has announced a C$13bn ($9.6bn) reinsurance deal with KKR’s Global Atlantic, freeing up C$1.2bn of capital that the Toronto-based insurer intends to return to investors...
...But it seemed a chance worth taking: according to the US Federal Emergency Management Agency, the risk of severe flooding was only 1 per cent a year. Five years later, Hurricane Ida hit....
...“It’s heavily skewed towards stuff . . . that’s been downgraded over time from single B.” Triple C issuers listed on Ice BofA’s index include Dish, the TV group that recently merged with EchoStar....
...In a letter to the Financial Times, Venkatakrishnan said the UK “badly needs” a development agency similar to those in Singapore, France and Ireland, which have a reputation for supporting businesses seeking...
...The fact reminds us of three simple, but inescapable, truths: a) the global economy is a complex network, perhaps too complex for populist proclamations; b) economics is to a large extent politics, for better...
...Monday’s report also called for bodies such as the National Infrastructure Commission, an executive agency that provides advice to the government, to be given a “broader remit and be less at the mercy of...
...The curbs were due to expire at the end of March but will continue until the end of June, according to Saudi Arabia’s state news agency....
...While the bulk of Greensill Bank’s €3.5bn deposits were covered by an insurance scheme, the collapse inflicted severe losses on a number of small towns and municipalities who had about €500mn of uninsured...
...For example, the UK government is seeking backing for EDF’s next large-scale reactor in the UK, Sizewell C in Suffolk, but the spectre of cost blowouts at Hinkley Point C looms large....
...The writer is a former chair of the US Federal Deposit Insurance Corporation and a senior adviser to the Systemic Risk Council Thoughtful shoppers distinguish between best price and best value....
...The IEA added that record output from the US, Brazil, Guyana and Canada would help boost global supply this year by 1.5mn b/d to a record 103.5mn b/d....
...The International Energy Agency also revised its estimate for growth in global demand in 2024 slightly higher to 1.3mn barrels a day, but downgraded its forecast of growth in supply to 800,000 b/d, including...
...Nearest subway stop is Houston Street Station on the 1 line, but West 4th St (A, C, E, B, D and F lines) is just a short walk away. How much? $20 per person....
...If B-rated African sovereigns would have been less likely to default within, say, a five-year period than B-rated sovereigns elsewhere, the agencies would indeed have scored African sovereigns unfairly....
...“This is a wake-up call for the financial industry and the insurance industry,” executive director of the European Environment Agency Leena Ylä-Mononen told the Financial Times....
...Rating agency Fitch said it expected reinsurance rates to continue to increase year on year in January, but at a slower pace, less than 10 per cent on average, according to a note last month....
...The same is not true at the lower reaches of the credit spectrum, of course, and it is interesting in this context that triple C rated bonds spreads have not rallied to the wild 2021 levels....
...As a result of the delays, and problems with the smaller Vega-C, which is manufactured by Italy’s Avio, Europe has had to use SpaceX to send some of its most important satellites into orbit....
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