Hints and tips:
...Higher interest rates lit a fire under the corporate pensions market, with improved scheme funding levels meaning hundreds of billions of pounds of pension obligations are expected to be transferred from...
...IAG was one of the main insurers behind $10bn of cover arranged for Greensill through Bond & Credit Co, an underwriting agency the Australian insurer owned a 50 per cent stake in before selling it to Tokio...
...But some blow-ups in Europe are drawing attention from regulators, report the FT’s Ian Smith and Samuel Agini and DD’s Will Louch....
...Bank of America has come under fire from environmentalists for changing its tune on Arctic drilling and coal power plants....
...Insurance regulation US insurance regulators will meet today to consider boosting capital charges on complex corporate loan instruments that some in the industry warn are creating excessive risk....
...In this version of London, Soho House members club has turned Richard Rogers’ former Lloyds Insurance building into a multistorey, 24-hour nightclub....
...There are historic precedents for co-operative industry solutions brokered or strongly encouraged by the government....
...Cyber insurance provider CFC has called its support services “digital fire trucks”....
...In March, Root appointed a chief financial officer, Rob Bateman, whose CV includes stints at well-known insurance firms such as The Hartford. There are signs of improvement....
...The Munich insurance group’s venture capital unit could’ve second-guessed its investment in N26 for a number of reasons....
...James Smith, Resolution Foundation: Data and politics suggest the answer is no....
...As always you can reach me at sid.v@ft.com....
...“The alarm bell I sounded was because I saw a fire . . . after Silicon Valley Bank was put into receivership and when I saw additional bank runs occurring,” he said....
...For this week, insurance correspondent Ian Smith takes a look at the chat bots that are increasingly handling your claims....
...As ever, drop me a note at sid.v@ft.com if you’ve got thoughts and ideas for upcoming Future of Money newsletters....
...Also, the Fire Brigades Union will close its ballot on pay, with the FBU recommending members accept a revised offer rather than walking out....
...(Ian Smith) Quick Fire Q&A I spoke with Personetics CEO David Sosna shortly after his digital analytics firm raised $85mn from private equity giant Thoma Bravo last month....
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...This elite New York family has “insurance in the blood”, said Professor Lawrence Cunningham of George Washington University, who co-wrote The AIG Story with Greenberg senior in 2013....
...Smith and Morrill Worcester have attended the same church. Smith’s wife has played piano in the tip land chapel. I wonder aloud about the scale of the flagpole, the unrelenting patriotism....
...(Miles Kruppa) Quick Fire Q&A I spoke with Itamar Lesuisse, co-founder and chief executive of Argent, which provides an Ethereum wallet as a competitor to customers holding their assets on exchanges like...
...In the health insurance sector, Oscar Health, a company co-founded by Joshua Kushner (brother to Donald Trump’s son-in-law Jared Kushner), has lost more than 70 per cent from its market value since investors...
...FloodFlash has roots in the insurance industry: co-founders Adam Rimmer and Ian Bartholomew worked at risk modelling firm RMS in the aftermath of Hurricane Sandy in 2012....
...Slovakia’s prime minister said he was ready to stand down to defuse a crisis over his decision to purchase Russia’s Sputnik V vaccine, which has not been approved by Europe’s regulator....
...Total insurance claims from the blockage are expected to run into hundreds of millions of dollars. Russia has seized on the incident to tout its alternative Arctic sea route to Asia....
International Edition