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...By early April, however, none of Gatik’s ships held insurance from any of the recognised large mutual providers....
...This year, the legal operations team at Liberty Mutual launched a programme that pairs its staff with lawyers to improve processes or apply new technologies in specific areas of the business....
...the mutual in 2022....
...Insurance certificates for two US coal mines list Zurich-based reinsurance leader Swiss Re and US insurer Liberty Mutual as providing insurance cover for the operators of projects in Wyoming and Montana...
...The UK’s market is centred on Lloyd’s of London, which is a hub for negotiation of these policies, while Switzerland is host to big insurance and reinsurance groups such as Zurich and Swiss Re....
...The deal would also be a rare acquisition of a listed company by a mutual, which is owned by its more than 16mn members who have a current account, mortgage or savings with the company....
...Generali, Italy’s biggest insurer, has agreed its largest deal in a decade, buying a Madrid-based insurance group from US insurer Liberty Mutual for €2.3bn....
...His RedBird vehicle now has $10bn of assets under management, according to the private equity group, with 70 per cent of its investments in sports, media and entertainment and the rest focused on insurance...
...But the later part of his tenure was marked by a bitter legal fight with Covéa, after the French mutual group launched a hostile takeover bid in 2018....
...“After wasting over £30mn of members money on the failed demutualisation, this is really the final insult from Mr Hartigan’s tenure,” said Peter Hunt, managing partner at Mutuo, a campaign group for mutuals...
...But as Sam Goodman, HKW’s director of policy and advocacy, says, this group of Hongkongers — many of them university educated and politically literate — have lived through Beijing’s crackdown on civic rights...
...to use repurchase agreements also to finance non-member banks that held Liberty bonds . . . the Federal Reserve Bank of New York in particular looked to expand repo availability to non-bank dealers....
...SVB Financial Group has sued the US Federal Deposit Insurance Corporation in a bid to recover $1.9bn in cash that the regulator has kept since it took over the group’s banking subsidiary in March....
...For private equity group members, some of their pay then was suddenly disproportionately tied to the growth in credit assets, the most crucial driver of the stock price....
...Perhaps because it is an accounting body with a boring name, PCAF has been more successful at attracting members from the US, such as Liberty Mutual and MassMutual....
...Lex points out that Lazard’s mix of volatile or out-of-favour businesses is not a great fit for the mutual funds that dominate public stock markets....
...Zurich said it was reviewing the ruling and Liberty Mutual declined to comment....
...Job moves Todd Leland, president of Goldman Sachs’ international unit and a member of the bank’s powerful management committee, will retire at the end of the year and become an advisory director, according...
...It was not possible for P&I providers to guarantee cover even in the case of a sanctions breach, the group said in a statement by one of its members....
...“I don’t think I’ve seen this level of mutual support and solidarity for a very long time . . ....
...Commended Liberty Mutual O: 7; L: 7; I: 7; Total: 21 The insurance company’s legal department is aiming to unify practice areas and encourage greater collaboration and agility in problem solving....
...News round-up Saudi Aramco strengthens China ties with two refinery deals (FT) Crypto exchange Binance accused by CFTC of illegally serving US clients (FT + Alphaville) Gupta’s Liberty Steel thwarted...
...The hope is that talks can build co-operation on areas of mutual self-interest, such as tackling cross-Channel migration and building support for Sunak’s deal with the EU on Northern Ireland....
...FY, Old Mutual FY, Pennon Group trading statement, Sabre Insurance FY, TP ICAP FY, Volkswagen FY Wednesday China, February industrial output and retail sales figures EU, January industrial production...
...The takeover proposal triggered a backlash from members keen to protect LV’s mutual status....
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