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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....
...Deraa24, a Syrian opposition news website, added that Israeli jets had hit a battalion near the town of Qarfa in the country’s southern Deraa province....
...Thames Water — which supplies 16mn people in London and the surrounding area, or about a quarter of the population of England and Wales — has suffered a sharp drop in its bond prices after its parent company...
...Eric Andersen, president at New York-listed broker Aon, says the relationship “is breaking down more and more”....
...It plans to reopen as the London Museum in 2026 in new premises in Smithfield Market....
...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....
...In the UK, the Bank of England has proposed limits for so-called funded reinsurance deals....
...That would leave UK inflation above the Bank of England’s 2 per cent target, which may help persuade the central bank not to make extensive rate cuts this year....
...Zahedi, whose killing was confirmed by Iranian state news agencies, was a senior figure in the Quds forces, responsible for the Guards’ overseas operations....
...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....
...A growing majority of EU capitals support the new sanctions, which would target the Iranian networks that supply Iran-backed militant groups across the region, according to four people briefed on the matter...
...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....
...Carmakers that use Baltimore — the US’s largest vehicle import terminal — said they were rerouting trade to other east coast ports in South Carolina, New Jersey and New York, but expected bottlenecks due...
...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...
...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....
...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....
...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...
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