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...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...“This fire sale can easily destroy hundreds of millions of euros in value,” a person familiar with the concerns warned....
...Sydney-based IAG, which denies liability, argues that insurance offered on its behalf was invalid....
...This year it did the biggest UK deal of its kind, when general insurer RSA offloaded £6.5bn of liabilities to the group....
...The only sure-fire way to keep a lid on insurance costs in risky areas is for governments to put more effort into climate mitigation strategies and support for retrofitting, including for flooding, subsidence...
...One area of focus has been a reliance on securities such as collateralised loan obligations — packaged-up corporate debt — to back insurance liabilities....
...Sunak meanwhile proposes to go to the country on a ticket that pledges to cut public spending to fund the abolition of national insurance and a slower path to net zero....
...an interim report, the body said these partnerships would smooth out investment returns, to help projects achieve an investment-grade credit rating and make them a better match for insurers’ long-term liabilities...
...Insurance Australia Group, one of the main insurers to Greensill Capital, has said that rival Tokio Marine and broker Marsh McLennan should share in any liability if investors in the failed lender win a...
...A revised Product Liability Directive reverses the burden of proof on manufacturers of physical and digital goods....
...The point of the temporary accounting-rule change, from the National Association of Insurance Commissioners, was to shield life insurers’ capital from losses caused by rising interest rates....
...And one thing to start: Adam Neumann, the co-founder of WeWork, has submitted a conditional bid of about $600mn for the bankrupt co-working company he led until 2019, according to three people briefed on...
...This means that offloading liabilities, and the assets backing them, to insurance companies is becoming a viable option for more businesses....
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...Insurers sometimes “cede” assets and liabilities to reinsurers in order to manage their balance sheets....
...“We need a crushing attack,” Itamar Ben-Gvir, Israel’s ultranationalist national security minister wrote on X....
...Hankey may be playing with fire again....
...The answer starts with the dumping of UK equities by UK pensions and insurance companies....
...Julien Horn, a partner at insurance broker McGill & Partners, said the potential liabilities “go beyond the rebuilding of the bridge and will need to consider removing the bridge debris” from the ship and...
...On the question of legal liability, however, the CSDDD’s opponents are on shakier ground....
...Insurer RSA agreed to offload £6.5bn of its liabilities earlier this year, the biggest overall transaction in the UK so far, while the Financial Times reported in July that BP was in talks over an insurance...
...As a private company, the Trump Organization does not disclose its liabilities....
...Hudson Bay Capital, Reverence Capital Partners and hedge fund Citadel are co-investing in the deal which closes on Monday....
...The National Association of Insurance Commissioners reckons private-equity owned insurers had $534bn of investments in total at the end of 2022....
...“But the installation at the national palace, surrounded by gangs, is where it poses a real problem.”...
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