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...“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”....
...The housing department has applied to a property tribunal for an order to require companies in property tycoon John Christodoulou’s Yianis Group to contribute to fixing safety issues at the Canary Riverside...
...French President Emmanuel Macron, US climate envoy John Podesta and European Commission president Ursula von der Leyen will attend the summit....
...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,...
...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...
...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....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...John Cornyn, a Republican senator from the oil and gas-producing state of Texas, blasted the project review as a form of “climate wokeism”....
...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....
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...“Imagine what would happen . . . with additional insurance.”...
...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....
...“I don’t expect a huge [immediate] reaction from stock markets, a big slowdown of oil companies and the rise of renewables companies.”...
...US climate envoy John Kerry said Washington supported calls for a phaseout of unabated fossil fuels, or those burnt without the emissions captured. “We all know what the problem is....
...into bank parent companies....
...john.reed@ft.com...
...The pledge comes three years after the insurance market apologised for its role in the trade, which included extending crucial insurance to voyages and even insuring slaves as cargo....
...Many customers are buying weight-loss drugs outside insurance schemes as obesity is not a widely covered condition in the US....
...Instead, he said, they should focus on supporting the energy transition, by creating new types of insurance coverage that support key technologies and companies involved....
...john.plender@ft.com...
...Money held in epayment companies such as PayPal, school meal schemes and foreign payment firms, Revolut for example, are not covered....
...The answer starts with the dumping of UK equities by UK pensions and insurance companies....
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