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...The global insurance sector is expecting billions of dollars of claims after the Dali container ship struck the Francis Scott Key Bridge on Tuesday, including for repairing damage to the bridge and paying...
...One marine insurance expert said the liability insurance payout, including bridge damage, could rival the approximately $1.5bn paid after the crash of the Costa Concordia cruise ship in 2012, a record....
...He declared a state of emergency. Video footage showed a section of the Francis Scott Key Bridge collapsing at about 1.30am local time. The bridge was first opened in 1977....
...Scott Nuttall and Joseph Bae, co-chief executives of the New York-based group, told the Financial Times they were seeing an improvement in activity to take portfolio companies public....
...And it looks like we’re getting some of that,” said Scott Siefers, a banking analyst at Piper Sandler....
...Mercedes-Benz said Baltimore was among several ports used by the company in the US....
...the company in as many years....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...Future of Asset Management North America Hosted by the Financial Times, in collaboration with Ignites and FundFire, Future of Asset Management North America is taking place on September 27-28 at etc.venues...
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...Deutsche Bank has hired Andy Tam from Perella Weinberg Partners as co-head of Americas insurance in the financial institutions group. He will be based in New York....
...In a speech earlier this year, the Bank of England’s Prudential Regulation Authority, which oversees insurance companies, called for moderation “in the face of considerable temptation” to do deals....
...to recover the $18.5bn last year’s failures of Silicon Valley Bank and Signature cost the regulator’s insurance fund....
...The case is “at the far end of the scale of complexity and difficulty”, John Scott, a barrister for a key Evergrande creditor group represented by Kirkland & Ellis, said in court....
...Scott Nuttall and Joseph Bae, the two co-heads of KKR who formally took over from Kravis and Roberts in 2021, have pinned much of the group’s earnings growth on a near $20bn stockpile of assets that have...
...The arcane realm of US insurance has given the Premier League something to consider as it deliberates whether to approve the Everton takeover. 777’s bid comes as the UK government is watching football very...
...The biggest donors received signed Make America Great Again caps....
...The writer is co-author of The Smartest Guys in the Room and The Big Fail: What the Pandemic Reveals About Who America Protects and Who it Leaves Behind Legislators and regulators give a great deal of lip...
...On the insurance side, none of the public insurers are close to the 10% limit, which means it would probably be a heavy lift for them to scale up to maintain eligiblity....
...Globally, insurance companies manage assets of about $44tn, according to the International Association of Insurance Supervisors....
...Higher rates wiped almost $7bn from the company’s “embedded value” last year. Embedded value is a key metric in insurance. It is also controversial....
...[MUSIC PLAYING] Sonja HutsonGlobal insurance companies should, quote, just get on with it and pay to repair Baltimore’s Francis Scott Key Bridge, rather than waiting years to figure out who’s liable....
...Danish authorities would target tankers transiting the Danish straits without western insurance, people with knowledge of talks told the Financial Times....
...Every four years the state fair becomes a critical testing ground for presidential hopefuls, who stop by to woo some of America’s most courted and demanding voters — a political rite of passage while farmers...
...“A lot of people already understand the industry is rotating away from the United States, so in many ways, America’s crypto clampdown has been priced in by the market,” Solot said....
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