Hints and tips:
...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....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...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...
...He was “a man of culture”, it said, as well as “an economist and an iconic figure of the insurance and reinsurance world, and more widely of the French business world”....
...Terminal V did not respond to a request for comment....
...A person close to James said the departure was a mutual decision....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...They provide mutual insurance coverage for 90 per cent of oceangoing tonnage, pooling their risk, and rely on Lloyd’s for reinsurance cover....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...The way of incentivising oil purchasers such as India to agree to a price cap is by making access to European insurance and reinsurance services on Russian oil cargoes — as well as EU shipping services —...
...Essential comment before you go Back in the mid-1990s it was common wisdom in London’s insurance market to argue — semi-seriously — that what the infamously “soft”, that is to say cheap, reinsurance market...
...Other claims could flow to the ship’s protection and indemnity insurance, provided by the UK P&I Club, a mutual insurer owned by shipowners....
...— there are a number of big factors in play, including a review of profitability by Lloyd’s, reinsurance costs and the claims picture across PII and catastrophe insurance.”...
...UK P&I is part of an international group of 13 mutuals which share the first $100m of large claims. The group also has $3bn of reinsurance cover....
...The Paris-headquartered group wanted access to a more global customer base and viewed a push into reinsurance — the cover that insurance companies buy to protect themselves from high payouts — as a way of...
...Covéa had looked for a big acquisition in reinsurance for years, and the PartnerRe deal would have catapulted the France-focused mutual into the big leagues of global reinsurance....
...regulated insurance companies to invest their capital efficiently....
...So goes a slogan used by French insurance mutual Covéa. It should be able to take the same straightforward approach to acquisitions. It has plenty of cash and no shareholders to answer to....
...The primary purpose of a discretionary stimulus should be to ensure that the recovery is V-shaped. But there are a number of reasons to fear that the recovery will peter out....
...We remain Neutral and believe it too early to take a stance until we get detail on potential UK SME exposures, sub-limits and scope for reinsurance protection....
...We anticipate travel insurance claims being topped out at £5m net of reinsurance and a relatively small impact from loss of profits....
...FTSE 250 group Quilter was spun out from Old Mutual as a public company in a year ago....
...through its life reinsurance operations....
...The problem facing Scor and the reinsurance industry is an excess of capital. UBS reckons there was a $45bn surplus last year....
...CIAM supported a bid for the reinsurance company from Covéa, a French mutual insurer, which itself owns 8 per cent of Scor....
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