Hints and tips:
...While a couple of hundred of these still hold unlimited liability, new Names typically have limited liability....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Apollo, alongside its insurance affiliates Athene and Athora, wants to be a superior investor of long-dated insurance and pension liabilities....
...The claim of €400mn is split evenly between the primary and excess groups. The company also claimed for about €3.7mn for a damage survey, plus other costs....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Private capital firms have raised trillions of dollars either in dedicated funds or with insurance liabilities to create massive financial firepower....
...London-based PIC has more than 300,000 policyholders amassed through so-called bulk annuity deals, where it takes over pension fund liabilities and the assets backing them from their sponsoring companies...
...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...Insurance Australia Group, one of the main insurers to Greensill Capital, has said that rival Tokio Marine and broker Marsh McLennan should share in any liability if investors in the failed lender win a...
...With this in place, insurers returned to the terrorism insurance market, and the scheme has paid in excess of £1.25bn in claims, adjusted for inflation, over its lifespan, without having to call on its guarantee...
...Insurer RSA agreed to offload £6.5bn of its liabilities earlier this year, the biggest overall transaction in the UK so far, while the Financial Times reported in July that BP was in talks over an insurance...
...Many also claim that bonds provide insurance against the volatility of “risky” equities....
...The ‘run-to-RRP’ risk To help manage interest rates in the excess reserves era the Fed introduced a new tool called the overnight reverse repurchase facility, or O/N RRP....
...The Financial Times Ltd and the authors are not responsible for any direct or indirect result arising from any reliance placed on replies, including any loss, and exclude liability to the full extent....
...“There are still many companies that do not insure the cargo for war risk until their ships cross into Ukrainian waters and take the risk due to the current high costs of insurance.”...
...“You’ve got society — either individuals, corporates or governments — more inclined to think about how they manage the financial implications of risk by transferring the liability.”...
...However, if you submit a claim or opt into payments before this, you may attract a tax liability under the current system....
...These liabilities would be not subject to the Eurosystem tax. Cat and mouse would be the order of the day....
...Regulators require insurance companies to keep plenty of rainy day funds aside for any premiums written. For example, M&G has entered the bulk annuities market with two smallish deals worth £620mn....
...Guarantees put directors’ personal assets at risk even if their business has limited liability....
...The development will be a blow for other private equity players looking to move into the fast-growing pension consolidation market, where vehicles take over the assets and liabilities of company pension...
...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....
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