Hints and tips:
...It will be part reinsurer, taking on $10bn to $15bn of long-dated insurance liabilities and investing a portion of the underlying funds in private credit and other alternative assets, and part investment...
...This year it did the biggest UK deal of its kind, when general insurer RSA offloaded £6.5bn of liabilities to the group....
...In this version of London, Soho House members club has turned Richard Rogers’ former Lloyds Insurance building into a multistorey, 24-hour nightclub....
...As ever, drop me a note at sid.v@ft.com if you’ve got thoughts and ideas for upcoming Future of Money newsletters....
...“We have an emergency fire drill on our hands . . ....
...As it was, the government’s economic policy platform included raising National Insurance (imposing the so-called Health and Social Care Levy) and increasing corporation tax to the same level as France —...
...These were covered by insurance policies — but they are yet to pay out, people familiar with the matter said. That’s not Aigis’s only connection to Gupta....
...MPs on how to fire up the economy....
...Retail under fire Even before the pandemic, more people were shopping online and fewer in stores....
...This covers both personal and commercial, lines including premium payments made across workers compensation, commercial multi-peril, commercial liability, medical malpractice and motor insurance....
...How did you get started: We started with liability insurance for drone operators....
...Those contractors may have their own liability insurance in place, but according to Mr LeBlanc the size of any payouts on those policies was likely to be tiny in comparison to the cost of the damage....
...Having ruled out increases in income tax, national insurance and VAT rates in its 2019 manifesto, the government will likely initially look to other options....
...This could have implications for BT’s pension liabilities in the long term, ie reduce its liabilities....
...(FT) What a liability!...
...Platforms have come under fire from the regulator for their “complex” fee structures....
...It expanded into leisure (buying Club Med and Cirque de Soleil) and insurance. Co-founder and chairman Guo Guangchang was briefly detained in late 2015 … Smaller players are running for cover....
...“There are puffs of smoke, but I don’t want to yell fire in a crowded theatre.”...
...Insurance is also needed for public liability, fire, theft and storm damage and for issues like tradesmen not completing the work. Most self-builders worry about their builder going bust....
...After interviewing candidates, he would say, “‘Before you start, just bring over your P45 or a National Insurance number and your right-to-work documentation . . . ’ and you would never see them again.”...
...better national co-ordination....
...Korean Air Lines, the South Korean national carrier, reported record quarterly earnings for the period to September, on rising passenger numbers and greater freight demand combined with low fuel costs....
...Trailing a tail of fire, it was speeding over the Atlantic Ocean towards orbit....
...Second, only regulated banks would be allowed to offer liquid liabilities, defined as debt liabilities with maturity of less than a year....
...From 2018, they will also attract employer national insurance....
International Edition