Hints and tips:
...The head of Tokio Marine has said the Japanese insurance company “cannot run away from” natural catastrophe risk despite deepening concerns among investors and policymakers over rising industry losses linked...
...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...
...White Oak was one of the firms to invest in Greensill’s ill-fated receivables scheme, arising from goods and services sold by Liberty Commodities, part of Sanjeev Gupta’s GFG Alliance....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...Over the 60 years since, he and his successors have remained true to that principle as they have forged a company that has become, in the words of one commentator, “the most visited interior space on the...
...Tokio Marine and Insurance Australia Group, which insured the bulk of Greensill’s riskier lending, have both accused Greensill of making “fraudulent” misrepresentations and declined to pay out on any claims...
...For motor services, computer vision has implementation far beyond insurance: Auto parts providers use Tractable’s scans to help them decide which salvage vehicles to buy, and rental companies use the technology...
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...Bajaj Finserv, the financial services arm of India’s Bajaj group, increased in value by 78 per cent. The company has a presence in retail finance, life insurance and general insurance....
...Last week, the Swiss bank said it would wind down $10bn of supply-chain finance funds linked to Greensill, citing “the reduced availability of insurance coverage for new investments” as one of the reasons...
...The main original insurance policy was written by The Bond & Credit Company, an Australian insurer that was acquired in 2019 by Tokio Marine....
...“Dentsu has always been number one in Japan but has also been dogged by fear of when that number one position could collapse,” says a former executive of the company....
...Rotork has the single largest exposure in our coverage (~50% v 60% in 2014 though)....
...Both companies are based in the US state of Connecticut, and The Hartford said it expects “modest expense efficiencies”....
...The more money service companies there are, the easier it is for criminal networks to spread and disguise their illicit business and/or move hot potato style from one service provider to the next as they...
...The status of the workers who provide the services offered by so-called gig economy companies such as Uber has been a point of contention for many years....
...The sale in Japan follows the US insurance group’s decision last year to offload its Hong Kong unit to Yunfeng Financial Group, a Hong Kong-listed financial services company backed by Alibaba founder Jack...
...services sector....
...The large Japanese insurers such as Sompo, Tokio Marine and Mitsui Sumitomo, active buyers in the past, may look to bulk up and diversify away from their home market....
...Emergency services are using this to respond to fires in remote regions while insurance companies use it to check disaster claims....
...The second is that the industry as a consequence has long depended on auxiliary services — such as insurance, fuel surcharging and catching customers out on T&Cs — for profitability....
...AIG has come under pressure from activist investors to split into smaller companies in large part because of its Sifi designation....
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...No deaths have been reported for the past 17 years, making KAL one of the safest airlines in the world, with the second-lowest insurance rates globally, above only Cathay Pacific....
...A spaceport could be built at one of eight possible sites by 2018, there will be better regulation of drones and the insurance industry has welcomedthe possibility of driverless cars being a standard feature...
International Edition