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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Greensill, which was founded by Australian financier Lex Greensill and counted former UK prime minister David Cameron as an adviser, collapsed in 2021 after failing to secure new insurance cover for the...
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Michel Liès, chair of the IDF’s steering committee and of insurance group Zurich, said the climate summit would be an opportunity to spread the message that it would be better to spend money on prevention...
...The Trump Organization had approached 30 surety companies — including Allianz, Axa, Berkshire Hathaway, Chubb, Munich Re, Swiss Re and Zurich — via four separate brokers, to no avail, they added....
...Some insurance start-ups, such as Lemonade, have built their claims processes using AI, which can result in payouts being made on the spot....
...In late October more than 40 of Europe’s most powerful bankers convened at the palatial Dolder Grand hotel overlooking Zurich for three days of discussions about the state of their industry....
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...A $20bn deal between Zurich and Viridium collapsed in January on regulatory concerns over the latter’s private equity ownership structure....
...One broker, Edward Smith, said to Zurich in 2018 that Liberty customers named under its receivables programme “appear to be reasonable credits”....
...Down on the street below, polished chauffeured cars purred past, ferrying Zürich’s lawyers, insurance brokers and financiers to their villas out of town....
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Rising commercial insurance prices also lifted rival insurance group Zurich, which reported on Thursday a record adjusted operating profit of $7.4bn, topping analysts’ expectations....
...America’s home insurance crisis: Rana Foroohar uses her own experience to explain the difficulties of finding affordable home insurance in the US....
...The insurance sector is expecting a hefty bill....
...The pledge comes three years after the insurance market apologised for its role in the trade, which included extending crucial insurance to voyages and even insuring slaves as cargo....
...Read up on those transactions in the piece, as well as one relatively opaque deal that hasn’t gotten any media attention at all: an $82bn dividend Berkshire’s biggest insurance unit paid the parent company...
...In December, insurance group Zurich’s chief executive warned that cyber attacks were on their way to becoming “uninsurable”....
...Extant studies using FHA and VA loans show that only 1/3 of the benefits from assuming a loan are capitalized into the home’s sale price (Sirmans, Smith, and Sirmans, 1983)....
...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....
...In this article, Eric and Ian Smith examine Berkshire’s insurance business, drawing on accounts of current and former employees, competitors and advisers....
...Mario Greco, who heads Swiss insurance company Zurich, attacked the “lack of political support” from the US and other governments for taking action on climate....
...Greensill’s insurers, which include BCC’s former parent Insurance Australia Group, Tokio Marine and Zurich are refusing to pay out on the company’s credit cover....
...The company collapsed two years ago after its insurance expired, sparking a political and financial scandal....
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