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...“I genuinely think they’ve changed,” he said, adding that Lloyd’s was now seen “as a lead market again on big, complex international risks”....
...The company says it still has “reinsurance relationships with some non-Russian entities”. The company is part owned by the Italian insurer Generali, but its stake has been “frozen” since the invasion....
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...its own insurance claims when it presented a credit insurance guarantee to the regulator....
...BlackRock, the world’s largest money manager, is pulling out as a corporate member and transferring its participation to its smaller international arm....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...“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....
...ByteDance’s US investors include private equity company General Atlantic as well as Susquehanna International Group, Sequoia Capital and Coatue Management....
...into bank parent companies....
...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....
...“The target companies are from different sectors, are as much domestic as international, have different types of suitors, and some deals are for stock, not cash....
...“The concentration of the UK market is pretty high,” says Fidelity International investment director Tom Stevenson....
...Rossi, who became chief executive in late 2022, highlighted the group’s investment performance across its funds and the contribution from the life insurance business as the reasons behind the company’s recent...
...However, overseas expansion would be more difficult, said Catherine Yeung, investment director at Fidelity International, given how well-established their western and Japanese competitors were....
...Mainstream investment funds such as Fidelity, T Rowe Price and BlackRock are exposed, too....
...Legal & General Investment Management ranked second for gross sales in 2023, after an increase of 26 per cent on the previous year, ahead of Fidelity International and HSBC Asset Management....
...Shares in its holding company International Distributions Services languish below the October 2013 initial public offering price. The weight of its public service obligations weighs heavily....
...the company in as many years....
...Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies....
...“The BMA would not approve any transaction that the [insurance company’s home] regulator does not support,” said the BMA....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...Some insurance and pension companies have significantly expanded their investments in private credit and other illiquid investments....
...Market participants said this was feeding through to significantly higher prices for international and local groups seeking to protect infrastructure and property....
...Federal Deposit Insurance Corp chair Martin Gruenberg has warned that the sharp rise in this “hot money” presents liquidity risks....
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