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...Industry title Insurance Insider previously reported Aspen was planning a US IPO....
...Leaseholders at Canary Riverside won a rare and high-profile victory in late 2022 after a tribunal ruled they had been overcharged £1.6mn in purported insurance-related services and linked taxes....
...“The [private medical insurance] sector is beginning to look like the less well-off cousin,” she added. Any collective action carries a risk that doctors will fall foul of competition authorities....
...This is a test of the government’s commitment to support financial services. Lloyd’s may not get the attention its near-quarter share of City GDP deserves....
...Often, travel insurance is included either as an extra benefit or service through your bank or credit card company as part of a package of services for which you pay a monthly or annual fee....
Paul Weightman cut his teeth persuading players to join a breakaway Australian rugby league in the 1990s
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...Some insurance and pension companies have significantly expanded their investments in private credit and other illiquid investments....
MassMutual arm files for temporary restraining order and preliminary injunction after 20 employees defect
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...Portfolio insurance — a dynamic hedging strategy based on stop losses which was designed to let pension funds hold a higher equity allocation ‘safely’— was deemed the villain of the 1987 crash....
...from state-owned insurance companies....
...Dubbed the “inside-out” building with services such as water pipes and lifts running down the outside, One Lime Street has been compared by some to an oil rig and a motorcycle engine....
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...Further complicating matters, specialised insurance firms have also written contracts protecting some bondholders from a default....
...Account holders who receive a sudden large payment — such as from the sale of a house or an insurance payout — are covered for up to £1mn for six months after receipt of the money, a change introduced in...
...The legal fallout from the collapse is expected to take years to resolve, with discovery in the Australian insurance proceedings set to stretch into at least next year....
...Ben Leax, his newly named deputy, will add a focus on insurance clients while continuing to head its consulting arm, known as Financial Markets Advisory....
...However, passenger revenue for JAL’s full service flights had already returned to pre-pandemic levels last year....
...The Information Commissioner’s Office said on Thursday that it had fined and issued enforcement notices to SGS Home Protect Ltd, Cover Appliance Ltd, F12 Management Ltd, House Hold Appliances 247 Ltd and...
...Floods, wildfires and other climate-linked weather events accounted for on average 56 per cent of total insured losses across the industry between 2018 and 2022, according to Moody’s Investors Service....
...Many mainland Chinese prefer Hong Kong’s health service. Prudential’s new business profit growth in this segment has been brisk. Moreover, Chinese investors are using insurance to diversify assets....
...The L&G transaction came on the same day that Rothesay, a UK life insurer, agreed to take on £4bn of the pension liabilities of the Co-operative Group, whose operations span supermarkets to funeral services...
...The service has subsequently agreed that the published transcripts do not show such clearance being given....
...It has a historically low correlation with other asset classes and acts as “insurance” during falling markets and times of geopolitical stress....
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