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...He said the sector needs to “bring to bear” broader forms of insurance capital including from pension funds and sovereign wealth funds through a growing insurance-linked securities market....
...Funabiki also praised UK regulators, which have come under criticism from lawmakers and lobby groups for being slow in approving new insurance securities, as “very knowledgeable and . . . always willing...
...The company said cutting off PWAs was part of an effort to comply with the Digital Markets Act, arguing browsers other than its own Safari software would expose users to security and privacy risks that were...
...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...The Australian businessman’s company Greensill Capital, which counted former UK prime minister David Cameron as an adviser, collapsed in 2021 after failing to renew its insurance cover....
...The so-called pensions lifeboat takes over the assets and liabilities of failed companies’ pension schemes....
...The European Commission, the EU’s executive arm, had been preparing a formal investigation into Apple’s move to disable so-called “progressive web apps” in the bloc....
...MPs last year blamed regulatory foot-dragging for London losing out on $700mn of insurance-linked securities that went to Singapore....
...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...
...He predicted that more would come from areas such as insurance-linked securities — where investors put their capital against insurance risks — leading to a “levelling of pricing”....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Auto-insurance businesses are still losing money. And a run of unusually destructive bad weather has brought additional losses for their property-insurance businesses....
...Axa’s deputy chief executive, Frédéric de Courtois, said a public-private partnership on cyber is a “must-have”, given it is generally only the biggest companies, which have also invested in prevention,...
...Rossi, who became chief executive in late 2022, highlighted the group’s investment performance across its funds and the contribution from the life insurance business as the reasons behind the company’s recent...
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
...It’s not a shock that corporate debt markets are healthy right now — economic growth is rolling along and rates markets are no longer pricing in recession, reducing companies’ incentive for waiting — but...
...That job security is starting to fade as deals disappear, Bloomberg reveals....
...The so-called monoline insurance market, which was almost destroyed in 2008 through its exposure to toxic bank securities, has underwritten a large portion of the bonds issued by the most indebted UK water...
...They often maintain a crucial underlying relationship with companies and borrowers....
...A court challenge was widely expected after the US securities regulator imposed a long-anticipated rule on company climate risks. In the event, the first lawsuit was filed in two hours....
...Lai, who takes office next month, announced last week that Cho Jung-tai, the former chair of the China-sceptic Democratic Progressive party, will be premier....
...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...The company’s strategy in long-term savings and protection is aligned with “the way the Chinese government is thinking about providing social security to the Chinese consumers”, he added....
...Executives met Nigeria’s vice-president in March and pledged to assist the country in attaining its food security goals....
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