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...MS Amlin is targeting growth in areas such as marine insurance, one of its specialities....
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...Tokio Marine is being sued by investors seeking payouts on the credit insurance, but expects no material financial impact....
Daniel Schreiber says cash levels are rising after more than 70% fall in share price since insurer’s IPO in 2020
...BaFin, Tokio Marine, IAG and a spokesperson for Lex Greensill declined to comment. Legal representatives for Brereton did not immediately respond to an FT request for comment....
Franco-Israeli billionaire under pressure to sell assets to pay down Altice debt
...Two marine experts said this would require the owners to show they did not have any previous knowledge of problems with the ship....
...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....
...It also says that Tokio Marine failed to ensure that BCC provided “complete and accurate information” to IAG on the policies provided to Greensill....
...Chart of the day Oceans have marked 365 straight days of record-breaking global sea surface temperatures, fuelling concerns that climate change could push marine ecosystems beyond a tipping point....
...Emmanuel Macron: France’s president is pivoting to the right in an attempt to grab voters and prevent far-right leader Marine Le Pen’s rise to power, writes Le Monde’s Sylvie Kauffmann....
...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....
...Tokio Marine, White Oak, IAG and a spokesperson for Lex Greensill declined to comment. Foreman said he had no additional comment....
...Phil Smith, head of Emea LDI research at BlackRock, said: “This is about broadening out the pool of assets that can be used as collateral, increasing that resilience and trying to avoid losses from having...
...“The impacts we’re seeing are massive, and they ricochet out across the food chain,” said the Marine Biological Association’s Katie Smith....
...In the messages, the impersonator purporting to be Duncan Smith claimed he had recanted his criticisms of Beijing and had “lied” about China....
...One person familiar with the investigation said the IS had been focused on a decision by insurance company Tokio Marine to cancel its insurance contract and efforts by Lex Greensill to get them to extend...
...“Fire fighting [is] very difficult” on modern car carriers, said Richard Gunn, a casualty lawyer at law firm Reed Smith, who added that ships tended to be built with several decks that were built as low...
Adviser was working on the overhaul of a Nasdaq-listed group that US regulators charged with fraud
...Tokio Marine has accused Greensill Capital of using “fraudulently obtained” insurance policies....
...Lloyd’s insurers Tokio Marine Kiln, Chaucer and Liberty Specialty Markets are among those that have pledged to hold the risk for a total of £500mn of insurance coverage written in partnership with these...
...The Relocation Man Award 2023 Winner: Chris Smith, NeoGenomics Last year, we noted that Neogenomics chief executive Chris Smith had bagged $2.2mn in “relocation costs” upon joining the company....
...The insurer is one of a number of such groups, including Tokio Marine and Zurich, that have refused to pay out on Greensill’s credit cover....
...Gabon’s $500mn “blue bond” issued last year to refinance existing debt was criticised because only a part of the proceeds was ringfenced for marine conservation....
...risks that at the moment they are charging an awful lot of money for, and we’re asking them to do it for less because of the support that the Ukrainians are [providing],” said Marcus Baker, global head of marine...
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