Hints and tips:
Related Special Reports
...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...
...its own insurance claims when it presented a credit insurance guarantee to the regulator....
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...Allstate’s holding company just caught its second credit downgrade to BBB+, three tiers above junk, this time from S&P Ratings....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Barclays operates a partnership model in the US market, running co-branded credit cards for 20 companies including The Gap, JetBlue Airways and the AARP....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...Further complicating matters, specialised insurance firms have also written contracts protecting some bondholders from a default....
...As Sonali Basak pointed out on Bloomberg last week, if the assets are held within insurance-company subsidiaries, insurance regulators will have visibility, and there will be some required disclosures....
...Additional reporting by Robert Wright...
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...The insurance sector is expecting a hefty bill....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...Robert ArmstrongI like it. My next pick was Everest Group, which is a reinsurer. So they are an insurance company for insurance companies....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. How much inflation is priced in?...
...Instead, the regulator in its report referenced anonymised companies “[Company A] Bank AG” and “[Company A] Capital (UK) Limited”....
...Mercedes-Benz said Baltimore was among several ports used by the company in the US....
...Send me your sob stories: robert.armstrong@ft.com....
...Marine insurance experts told the Financial Times that the accident would probably lead to a substantial claim, including for damage to the bridge and disruption to the port....
...When insurance companies cede risk to reinsurers, they heavily scrutinise them either directly or via careful monitoring of their credit rating reports....
...Pension funds and insurance companies, in particular, have an opportunity to lock in an asset mix that matches their liabilities. But while demand may explain spreads, it does not justify them....
...[MUSIC PLAYING] Ethan WuI’ve got a Miami-based insurance company stock to sell you, Rob. Robert Armstrong(Laughter) Oh, Miami. That’s another question. Ethan WuAll right, Rob, thanks for being here....
...Robert ArmstrongLike the company, don’t like the stock. So I’m with you. Let’s short it together, Katie. And all together now: this is not investment advice....
...But you can email us anytime: robert.armstrong@ft.com and ethan.wu@ft.com....
International Edition