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...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
...Tokio Marine & Nichido Fire, which is one of Japan’s largest underwriters of corporate insurance against cyber attacks and a prime target for ransomware gangs, acknowledged to customers last month that it...
...Most, but not all, of the Ecuadorean bonds have been placed, primarily with pension funds, insurance companies and asset managers....
...Lloyd’s boss John Neal told the Financial Times that the incident had the potential to produce the largest marine insurance claim in history, topping the crash of the cruise ship Costa Concordia in 2012,...
...supply chain finance company had should pay out....
...The marine insurance market has also seen a sharp rise in the cost of travelling through the Red Sea and Suez Canal as a result of a wave of attacks by Iran-backed Houthi rebels....
...But it’s going to be dependent on which data, which company and which time....
...The International Union of Marine Insurance said in September that although fires caused by these vehicles were not more common or intense than those caused by traditional cars, new firefighting techniques...
...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....
...“There are still many companies that do not insure the cargo for war risk until their ships cross into Ukrainian waters and take the risk due to the current high costs of insurance.”...
...Fire risks are also rising, given ships are carrying greater amounts of lithium-ion batteries....
...A record total of blue bonds has been issued by companies and countries this year, Nordea says....
...“You can imagine all sorts of additional claims that might involve insurance companies, suits against directors, wrongful death claims, all sorts of things.”...
...with limited insurance cover that aim to take up the potentially lucrative business of transporting sanctioned goods....
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...Ludwig Mowinckels Rederi, said no one was injured and the crew managed to extinguish the fire....
...certain companies which have been dissolved are not restored to the register of companies in order that they can transfer certain rights....
...Cars using solid-state batteries would be far safer, as liquid electrolytes can be at more risk of fires....
...“It has a sobering effect . . . we see some slight moves — panic moves — for example, Russian insurance companies providing insurance against civilian attacks,” Lieutenant General Kyrylo Budanov, chief of...
...Offshore projects have also been coming under heavy fire from residents on the Jersey Shore, citing concerns for marine life and fisheries as well as having their ocean views spoiled by giant spinning turbines...
...This will make it more expensive for holiday-let landlords to shift their assets into a company....
...But those in the market say there is, as yet, limited appetite among insurers to provide specific war coverage for cyber....
...Since then, the US backlash against ESG investing has turned its fire on insurance companies, after Texas Republican lawmaker Bryan Hughes reportedly wrote to large insurers with concerns about shareholder...
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