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...The Bank of England plans to stress test insurers on their exposure to reinsurers through a flurry of corporate pension deals, according to people familiar with the matter, as concerns mount about the risk...
...The Bank of England’s Prudential Regulation Authority, which supervises insurers, declined to comment....
...Aspen is owned by private equity group Apollo and sells insurance and reinsurance through the Lloyd’s of London market as well as in Bermuda and the US....
...The group’s biggest shareholder is Mikhail Shelkov, former head of Rostec’s investment division, who holds a 65.27 per cent stake, according to Interfax, the Russian news agency....
...The Bank of England has made collapsing Revolut’s six classes of shares — the legacy of multiple funding rounds since it was founded in 2015 — one condition for granting a UK banking licence, which Revolut...
...US providers have been making inroads into the British healthcare market in recent years, with the Mayo Clinic, Cleveland Clinic and HCA Healthcare all opening new clinics....
...Eric Andersen, president at New York-listed broker Aon, says the relationship “is breaking down more and more”....
...The news will also come as a setback to attempts by Lloyd’s to bring more investors into the insurance market, which is a centuries-old hub for specialist commercial insurance and reinsurance....
...The Bank of England has also warned groups to more tightly manage the reinsurance deals they are doing to increase their capacity for bulk annuity transactions....
...Allstate is just one of multiple insurers that have stopped offering new homeowners’ policies in California because of the risk, as local press has reported....
...The Bank of England on Thursday warned insurance groups that relying on reinsurers to help meet a surge in demand for corporate pension deals risked creating a “systemic vulnerability” for the sector and...
...How can there be space for new entrants? A Popeyes recently opened up on Kilburn High Road. It is near several other chicken shops — and opposite a McDonald’s....
...The UK’s market is centred on Lloyd’s of London, which is a hub for negotiation of these policies, while Switzerland is host to big insurance and reinsurance groups such as Zurich and Swiss Re....
...What’s new is that weather is dealing a bigger blow to insurers’ profits....
...It began as a handful of New England drive-in cinemas built by Redstone’s grandfather in the 1930s....
...As Lord Mayor — an unpaid role — Mainelli will live in the Mansion House, close to the Bank of England....
...One North London thing to start: Joe Lewis, the British billionaire whose family owns England’s Tottenham Hotspur football club, has pleaded guilty to three criminal counts in an insider trading case, tarnishing...
...Monday Bank of England deputy governor Sarah Breeden opens the Bank of England Agenda for Research (BEAR) conference in London....
...The Bank of England’s Prudential Regulation Authority, which supervises insurers, warned last year that the systematic use of so-called funded reinsurance deals posed “significant potential risks” to UK...
...Unlike This England, Partygate is unafraid to pass explicit judgment; to accentuate the risible and hypocritical....
...Joe, a reinsurance broker who did not wish to disclose his real name, bought a two-bedroom flat near The Roundhouse in 2013 but, although he loves the area, couldn’t afford to upsize to a house with his...
...Rupert Murdoch is stepping down as chair of Fox and News Corp, Russia has barred the export of diesel and petrol, and the Bank of England has held interest rates at 5.25 per cent after a knife-edge vote....
...In it, London has grown to become Even Greater London, a teeming industrial sprawl that covers most of southern England....
...Pipeline capacity constraints have the ability to curtail gas flows from Appalachia into New England....
...In a speech earlier this year, the Bank of England’s Prudential Regulation Authority, which oversees insurance companies, called for moderation “in the face of considerable temptation” to do deals....
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