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...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
...due to fire-safety issues....
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...The increase was mostly due to higher adjusted pay and benefits, according to the company’s earnings commentary....
...Honeywell Legal Department: Outside counsel management Liberty Mutual...
...Zurich also claims Gupta made “false” representations in a letter to Greensill and Marsh by suggesting there were genuine accounts receivable owed to Liberty Commodities, one of his companies....
...This year, the legal operations team at Liberty Mutual launched a programme that pairs its staff with lawyers to improve processes or apply new technologies in specific areas of the business....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
Case studies in best practice among general counsel and company legal teams in North America
...That can cause safety concerns as even small dings to battery packs can destabilise cells, potentially causing fires and even explosions....
...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
...Mnuchin started Liberty in 2021 after leaving the Trump administration....
...Boston-based Liberty Mutual said in 2019 that it would not underwrite companies with exposure to thermal coal of more than 25 per cent....
...But consumer groups argue that any drag on returns is far outweighed by the potential losses from rapid outflows that can lead to fire sales....
...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
...supply chain finance company had should pay out....
...London-based PIC has more than 300,000 policyholders amassed through so-called bulk annuity deals, where it takes over pension fund liabilities and the assets backing them from their sponsoring companies...
...Ninety One and Old Mutual, which together own about 5 per cent of Sasol, have different and independent objections to the company’s disclosures....
...Buckley initially joined Vanguard as a research assistant to Jack Bogle, the group’s founder, who pioneered passive investing and the company’s unusual mutual structure....
...Liberty Utilities with an $850mn offering....
...By contrast, the amount paid in claims during the quarter was up 11 per cent, as insurers paid out to cover fire, theft, weather, water leaks, and other events....
...Insurance companies have pushed up the costs of protecting homes, cars and valued possessions from loss and damage....
...Insurance prices are surging as companies look to repair their margins after years of significant losses from severe weather to insured properties, exacerbated by inflation in rebuild costs....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...The lawsuit centres on payments Greensill made to Liberty Commodities that were backed by debts purportedly owed to Liberty by companies including Trafigura and ArcelorMittal....
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