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...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....
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...Stephen Kennedy, director at pricing specialists Pearson Ham Group, said there was “heightened anticipation of the potential ramifications of Storm Henk on UK home insurance premiums”....
...Knight Insurance agreed to underwrite the former president’s more palatable, reduced $175mn bond....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...[MUSIC PLAYING] Sonja HutsonGlobal insurance companies should, quote, just get on with it and pay to repair Baltimore’s Francis Scott Key Bridge, rather than waiting years to figure out who’s liable....
...Debbie Kennedy, chief executive of insurance broker LifeSearch, says insurers are “leveraging the ability to use advanced analytics to consume and learn from vast data sources”....
...At that time, deposits totalled $28bn, with just 25 per cent of them in accounts too large to be covered by federal deposit insurance....
...Kathleen Donnelly KC acted for 555 sub-postmasters in a 2019 High Court case, known as Bates v Post Office, that led to revelations the company had pursued thousands of people between 2000 and 2014 with...
...Terminal V did not respond to a request for comment....
...This finding has emerged from research carried out by Archie Young, the UK’s former lead climate negotiator, now at Harvard’s Kennedy School....
...Laws creating deposit insurance, national investor protection standards and the regulation of stock exchanges and brokers all passed in a two-year period and then faced bitter challenges in the federal courts...
...The second elephant is the continued political paralysis, which even Kennedy acknowledged needed to be overcome for companies to reap the opportunities in full....
...“The fact that banks want to sell loans is coming up in a lot of conversations,” said Chad Littell, an analyst at CoStar, a research company focused on commercial real estate....
...Royal Insurance merged with Sun Alliance in 1996. Turning to the 2023 list, HSBC bought the Midland Bank in 1992....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...They say that the fees they can charge in most cases are capped at about €7,000 and are often paid by their clients’ insurance. “It’s cost intensive,” said Cäsar-Preller owner Joachim Cäsar-Preller....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...Barr appeared alongside Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, and Nellie Liang, under-secretary for domestic finance at the Treasury....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Cathal Kennedy: Planning reform, particularly around major infrastructure projects....
...It wouldn’t accept insurance or take money from pharmaceutical companies. And it would have its own medical advisory council as an alternative to the US Centers for Disease Control and Prevention....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
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