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...Of these, 140 were on vessels that held no insurance from western providers. Many were very old — a hallmark of the dark fleet....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...On Saturday, Caribbean leaders called for an emergency meeting in Jamaica with the US, Canada and France to seek a way out of the spiraling gang violence, according to AP....
...Aviva said Lloyd’s, a centuries-old market selling specialist insurance and reinsurance covering everything from cyber attacks to hurricanes, was a “major source of untapped growth” for the FTSE 100 group...
...Companies from these countries were eligible to participate: Argentina, Belize, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Honduras, Mexico, Nicaragua,...
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...The latest evidence emerged this week, with the news that the average annual quote for car insurance in the UK rose last year by more than 50 per cent to £995, with 17-year-olds now being quoted an average...
...Long-dated insurance premiums are becoming the funding of choice. The shift is sufficiently seismic that once overlooked credit firms are now the subject of bidding wars....
...Under the old pricing system, which had not been updated for half a century, premiums rose on average 8 per cent annually....
...into bank parent companies....
...the Federal Deposit Insurance Corporation has warned....
...This is what happened when the FDIC auctioned off First Republic last year, little more than a month after the collapse of Silicon Valley Bank....
...Canada’s Brookfield Asset Management also studied a bid but decided not to move forward, said two people briefed on the matter....
...This year HSBC has completed the sale of its Canada unit and its French retail banking business. It has previously agreed to sell its operations in Greece and Russia....
...Analysts at Royal Bank of Canada estimate that Close Brothers will be hit with a £200mn redress bill....
...“Pet healthcare can cost the equivalent of private healthcare for humans,” said Zoe Cheng, managing partner of IAM Wealth, an insurance brokerage....
...Non-white mothers often can’t take time off work or get childcare to go to the doctor, may not have health insurance or don’t live in areas where medical care is easily accessible, CDC experts say....
..., Signature and First Republic....
...We start the week with news that companies are rushing to meet their financing needs before the US election, in a bid to get ahead of potential market volatility in the final stages of the race....
...Between 2000 and 2008, the Federal Deposit Insurance Corporation issued 1,243 new insured commercial bank charters, an average of 138 a year....
...But none of that saved SVB, Signature or later First Republic. They relied heavily on big depositors, those with accounts too large to be protected by the Federal Deposit Insurance Corporation....
...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....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...First Republic’s high level of uninsured deposits”....
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