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...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...
...Kyiv is being advised by professional services group Marsh McLennan, which includes consultancy Oliver Wyman and the world’s biggest insurance broker Marsh, on a pro bono basis....
...In a separate case, US-based private finance group White Oak has started legal action against Marsh for $143mn in relation to its work for Greensill, arguing the insurance broker failed to pass on crucial...
...Continental European commercial property insurance prices rose at the start of the year for the 22nd consecutive quarter, according to an index from broker Marsh....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the final three months of last year, the 25th straight quarter of increases....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...The London lawsuit is just one leg in the sprawling litigation relating to Greensill’s credit insurance: Insurance Australia Group is facing more than $4bn in gross claims and the insurance broker Marsh...
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the fourth quarter of 2023, the 25th consecutive quarter of rate increases....
...“There are still many companies that do not insure the cargo for war risk until their ships cross into Ukrainian waters and take the risk due to the current high costs of insurance.”...
...In the filing, IAG also claims that Marsh, the world’s biggest insurance broker and the company that placed Greensill’s cover with insurers, “ought reasonably to have known” that the wording of a key 2019...
...Mark McTigue, tax insurance specialist at broker Marsh, said the number of insurers willing to underwrite tax risks had increased fivefold since he joined the company six years ago and Marsh had already...
...from state-owned insurance companies....
...Chris Lay, chief executive of the UK arm of insurance broking giant Marsh McLennan, said the current regulatory environment was “preventing the UK from becoming a viable location for captive insurance vehicles...
...Marsh McLennan declined to comment....
...It is easy to understand the role of managers in private hospitals, which deal mainly with insurance-funded elective work....
...In evidence to MPs in 2021, Lex Greensill stressed the role of Marsh in providing information on the insurance cover and said the firm was “absolutely” convinced its insurance would be renewed until shortly...
...“They often buy less or no insurance because they have inherent redundant capacity in orbit,” said Adam Sturmer of space brokers Marsh....
...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...
...broker Marsh Asia in Shanghai....
...and transactional risk at Marsh McLennan....
...Marcus Baker, head of marine at insurance broker Marsh, said some insurers had already increased rates during the week before Sunday’s Red Sea attacks, in one case by as much as 300 per cent....
...Each year, the WEF asks 1,500 of its “community” — elite business leaders, academics, politicians and so on — to cite key risks, and then crunches that with Marsh McLennan and Zurich Insurance Group....
...BofA and Marsh declined to comment....
...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...
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