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...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...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...
...The lawsuit centres on payments Greensill made to Liberty Commodities that were backed by debts purportedly owed to Liberty by companies including Trafigura and ArcelorMittal....
...“The [private medical insurance] sector is beginning to look like the less well-off cousin,” she added. Any collective action carries a risk that doctors will fall foul of competition authorities....
...National Indemnity was the business Jain ran for years before being promoted to vice-chair of Berkshire in 2018, when he took control of the entire insurance operations....
...She proposed a range of solutions including tightening building rules, creating national and EU-wide schemes to share risks, and drawing more deeply on reinsurance markets....
...The private medical insurance sector is booming, with the number of people covered by health insurance hitting 5.8mn in 2022, according to the latest industry data — the highest level since 2008....
...The first three were big hits for the National Theatre of Scotland a decade ago. The fourth was staged in 2022....
...One broker, Edward Smith, said to Zurich in 2018 that Liberty customers named under its receivables programme “appear to be reasonable credits”....
...Monday’s report also called for bodies such as the National Infrastructure Commission, an executive agency that provides advice to the government, to be given a “broader remit and be less at the mercy of...
...Office for National Statistics data on Wednesday showed that an index based on car insurance prices had fallen by 1 per cent in January, the first month-on-month drop since February 2022....
...America’s home insurance crisis: Rana Foroohar uses her own experience to explain the difficulties of finding affordable home insurance in the US....
...Take a break from the news V-necks have been verboten for as long as most of us can remember, writes Teo van den Broeke....
...Hunt on Wednesday is widely expected to reduce national insurance again, with 2p off the main rate costing the Treasury close to £10bn a year....
...Already, a lot of tail risk is sitting with governments that have obligations to stand behind the various and growing local and national programmes....
...The US National Security Council has urged Israel to investigate after seven members of the humanitarian organisation World Central Kitchen were killed in an air strike in Gaza last night....
...The insurance arrangements potentially expose coastal states in Europe and Asia to huge potential clean-up costs in the event of a spill. 4....
...The insurance claim stemming from the accident could reach $1bn-$3bn, Barclays analysts estimated on Wednesday....
...Such insurers tend to hold a higher proportion of illiquid assets, and the fund has urged national regulators to consider the risks to the wider financial sector....
...But health insurance “doesn’t do what the NHS does . . . It’s a very restrictive model.”...
...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...
...Rain Newton-Smith, head of the CBI, warned the government that cuts to national insurance in today’s Budget should be coupled with “credible” plans to drive investment in the UK economy....
...The depth of the Japanese-Australia partnership has been laid clear in a report from law firm Herbert Smith Freehills and the Australian National University....
...Gains for companies such as insurance group Skyward Specialty and biotech company Rayzebio more than offset losses for high profile tech flops like Instacart....
...Concern has risen among insurers and policymakers about the threat to economic and national infrastructure from cyber attacks....
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