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...But in its latest court filing in Sydney this week, responding to one claim from the administrators for Greensill Bank, IAG named Tokio Marine and Marsh among “concurrent wrongdoers” that should share in...
...Greensill has filed an insurance claim in a bid to recover the losses, according to a person familiar with the matter, but it could face an uphill battle reclaiming the money....
...Greensill’s administrator declined to comment. Credit Suisse said: “It is our firm position that the relevant insurance policies are valid and that the insurers’ claims are unfounded....
...A version of this article was first published by Nikkei Asia on July 22. ©2022 Nikkei Inc. All rights reserved....
...A recent report from Greensill’s administrator Grant Thornton said it had been “unable to realise any value” for the group’s software....
...They added that Greensill’s administrator, Grant Thornton, would also be involved in submitting the claims....
...If Greensill folds, the bank says it would not be able to claim for non-payment of invoices under the company’s insurance policies....
...A consortium of strategic investors, including Ping An, one of the world’s biggest insurance groups, is set to take over the profitable parts of the group under a new entity....
...But Mr Slumbers — in common with sports administrators around the world — is also thinking further ahead....
...He is also the operator, manager, servicer, supervisor, maintainer and administrator of his taxi business....
...News round-up Deutsche Bank’s funding woes deepen (FT) PE firms pushed to offload prison company investments (FT) SoftBank invests $940m in driverless delivery start-up Nuro (FT) Insurance M&A deals...
...When Colonial collapsed in August 2009, there was a $2.8bn cost for the Federal Deposit Insurance Corporation, which sued PwC....
...Insurance companies can sue trucking companies for crushing their customers, but how does the road owner bear a cost?...
...Using the administrator’s credentials, hackers combed through Anthem’s database containing names, social security numbers and birth dates of over 78m people who have been enrolled in its insurance plans...
...Earlier this year, for example, Zenefits, a health insurance brokerage based in California, attracted adverse publicity and regulatory attention for its lax culture....
...CDS provide insurance against a default on bond payments and are used by investors to insure against risk and speculate on creditworthiness....
...“Fondul’s administrator Franklin Templeton is very active in lobbying with the government to restructure more companies from the fund’s portfolio and list them,” says Albulescu....
...Under the terms of the deal, members’ pension benefits will be transferred to an insurance company, in a deal known as a “buy out”....
...Discovery Health is South Africa’s largest private insurance administrator offering rewards – such as frequent-flyer-style points and reductions on exotic holidays – for healthy lifestyles....
...Kansas City-based JPMorgan Retirement Plan Services is the administrator, or record keeper, for 200 pension clients, covering 1.9m Americans with $167bn in savings....
...As the business has developed, it has jettisoned the insurance broking along the way and moved with the times....
...A Deloitte survey last year found that only 12 per cent of companies with 401(k) plans considered a change in their administrator....
...“It is a huge progress in technology,” says Mr Roggeman, who now uses his iPad for board meetings at Resolution, the insurance consolidation vehicle, and Deutsche Börse....
...The issue of segregation of investors’ collateral, or insurance against their trades failing, has become a key topic following last October’s collapse of MF Global, the US futures broker....
...And, arguably, as it’s getting harder to gain and retain the confidence of governments and administrators, brand is really one of the elements that could differentiate even more and therefore give a company...
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