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...“There is something different about this moment,” says Damon Hart, chief legal officer at Boston-based insurer Liberty Mutual, winner of the 2023 FT innovative in-house legal team award for North America...
...Barings, a subsidiary of US life insurer MassMutual, filed on Monday for a temporary restraining order and preliminary injunction against Corinthia Global Management in a North Carolina court....
...Insurance certificates for two US coal mines list Zurich-based reinsurance leader Swiss Re and US insurer Liberty Mutual as providing insurance cover for the operators of projects in Wyoming and Montana...
...Generali, Italy’s biggest insurer, has agreed its largest deal in a decade, buying a Madrid-based insurance group from US insurer Liberty Mutual for €2.3bn....
...as a crucial test case takes place in Australia, with Greensill investors including White Oak pursuing Greensill’s insurers for payouts....
...The first wave of Humira biosimilars was launched in Europe in 2018. “Humira is the most valuable biologic drug ever and AbbVie is known as one of the most aggressive pharma companies ever....
...The insurers MS Amlin, Liberty Mutual and Zurich have not disputed that the insurance policies should have paid out, but contended their liability was limited because the interruption was caused by a single...
...Perhaps because it is an accounting body with a boring name, PCAF has been more successful at attracting members from the US, such as Liberty Mutual and MassMutual....
...Commended Liberty Mutual O: 7; L: 7; I: 7; Total: 21 The insurance company’s legal department is aiming to unify practice areas and encourage greater collaboration and agility in problem solving....
...Members of LV, one of the UK’s oldest mutually owned life insurers, have rejected a takeover by private equity group Bain Capital, in a vote hailed as a “victory for mutuality” by the MP that led political...
...In June, the High Court will also hear Slug and Lettuce owner Stonegate’s £845m case against MS Amlin, Liberty Mutual Insurance in Europe and Zurich over the extent to which the hospitality group can claim...
...The initiative, to be unveiled this week, will allow the IFC to enlarge its own lending capacity by farming out part of the risk to six insurance companies: Munich Re, Liberty Mutual, Aspen, AXA XL, Everest...
...Stonegate, owner of the Slug and Lettuce and Walkabout chains, is suing three insurers MS Amlin, Liberty Mutual and Zurich — for a total of £845m in a dispute over the extent of its insurance coverage for...
...“We’d never operated that way as a company,” says Doug Lankler, general counsel at Pfizer. That raised the question of what the lawyers do to facilitate it....
...Members and politicians have expressed concern about selling one of the UK’s oldest mutually owned life insurers to a private equity company....
...Now the government will act as the reinsurer of last resort. It will shoulder at least 95 per cent of costs, after an agreed excess. The rest will come from insurers including Beazley and Hiscox....
...The company, which is backed by private equity group TDR Capital, is seeking £845m in a claim filed at London’s High Court against MS Amlin, Liberty Mutual Insurance Europe and Zurich....
...But equally important are the public investments — stakes in companies such as Apple and Bank of America — that make Berkshire more akin to a mutual fund than a regular business....
...More interesting is the appointment of Finke. Barings is a subsidiary of MassMutual, the US insurance company that happens to be Invesco’s largest shareholder....
...He was speaking during an online discussion with Pat Pettiti, chief executive of Catalant, a software platform company that Koch and MassMutual, the US insurer, use to promote better use of workers’ skills...
...Reinsurers are expected to shoulder much of the burden from Covid-19-related claims. The insurance industry as a whole could end up paying out more than $100bn because of the outbreak....
...After years of approaches and rejection, court cases in Paris and London and one of the most public bust-ups ever seen in French business, the boss of French mutual insurer Covéa finally landed his big deal...
...So goes a slogan used by French insurance mutual Covéa. It should be able to take the same straightforward approach to acquisitions. It has plenty of cash and no shareholders to answer to....
...banks and insurers....
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