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...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...The insurance sector’s footprint should be linked to the total value of insured assets, not just to premiums, argued Julian Richardson, chief executive of sustainable insurance specialist Parhelion....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...In such transactions, companies offload some or all of their pension liabilities, and the assets backing them, to the insurer....
...Often companies will offer their employees life cover and other insurance benefits as part of their package alongside the company pension....
...Kathleen Donnelly KC acted for 555 sub-postmasters in a 2019 High Court case, known as Bates v Post Office, that led to revelations the company had pursued thousands of people between 2000 and 2014 with...
...The only payout was made to a promoter trading as Terminal V for its event, Trick Scotland, the Treasury said....
...Pharmacists in Illinois have been allowed to dispense Narcan without a doctor’s prescription since 2017, she tells me, and many insurance companies cover the cost....
...Chinese tech company Baidu is set to report its second-quarter earnings on Tuesday as the company tries to compete with the likes of Open AI, Google and Microsoft in the race to conquer AI....
...Royal Insurance merged with Sun Alliance in 1996. Turning to the 2023 list, HSBC bought the Midland Bank in 1992....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...Mainz-based company, which pioneered the use of messenger RNA in vaccines....
...We can reduce [companies’ health insurance] spend.”...
...“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....
...The emergence of Risc-V has reopened the door for companies to compete in the CPU market....
...“The insurance industry is very bad at research and development, and innovation. They are worried about loss”, Richardson said....
...Josephine Richardson, head of portfolio strategy at the Anthropocene Fixed Income Institute, a not-for-profit, argues that focusing on bond yields misses the point....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
..., mining and insurance....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...The first photographer in the 60-year history of the Pirelli calendar to shoot it three times – in 1996, 2002 and 2017 – Lindbergh has been shown in museums around the world including the V&A, Centre Pompidou...
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...Recommended reading ClearBank reaches profitability The fintech, which offers embedded banking — allowing non-financial companies to offer products such as insurance or payments — launched in 2017 as the...
...Things going wrong, and putting them right again, is the essence of insurance. How companies manage their claims is crucial not only to profitability but also to keeping customers onboard....
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