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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...“If you look at any index, any platform, you’d expect that [private investor share] to be higher,” Lloyd’s chief executive John Neal told the Financial Times....
...They added that a gas pipeline in the Baltic Sea that was sabotaged earlier this month was another concern and “it would be good to have an insurance policy”....
...French President Emmanuel Macron, US climate envoy John Podesta and European Commission president Ursula von der Leyen will attend the summit....
...“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....
...group of Swiss women, aged mostly in their 70s, who argued that Switzerland had failed to protect citizens from the “serious adverse effects of climate change on lives, health, wellbeing and quality of life...
...“The judgment we are seeking would in effect be the same as legally binding regional treaty . . . that would compel them to rapidly reduce their emissions but would also force them to compel major companies...
...Large energy companies can also use the courts....
...“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....
...Production, The Good Company Represents...
...Despite this, UK companies, such as John Smedley, are bullish about their potential to grow. “For a long time, price drove everything....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...The area of private medical insurance that has seen the strongest growth has been in the number of people taking out personal cover, according to a survey by Statista Consumer Insights, a research company...
...john.gapper@ft.com...
...Lloyd’s boss John Neal told the Financial Times that the incident had the potential to produce the largest marine insurance claim in history, topping the crash of the cruise ship Costa Concordia in 2012,...
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
...The company was founded by Charles Hancock, in Bond Street, in 1849, making silverware and diamond jewellery — at a time when London was a major centre for diamond cutting....
...In a joint letter to the FT, the leaders of Germany, the Netherlands, Denmark, Estonia and the Czech Republic describe the need to speed up arms supplies as a “question of life and death” for the Ukrainian...
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Last year, the market’s chief executive John Neal said he wanted to “get Monday back”, echoing other finance executives who are trying to increase workers’ time in the office....
...Hawkish Belgium and Nato are leading a charge to better defend Europe’s critical energy infrastructure against malign interference, writes Alice Hancock....
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...John Cornyn, a Republican senator from the oil and gas-producing state of Texas, blasted the project review as a form of “climate wokeism”....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...John Silk, minister of natural resources and commerce for the Marshall Islands, said the country “did not come here to sign our death warrant”, calling for a fossil fuel phaseout....
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