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...He said the sector needs to “bring to bear” broader forms of insurance capital including from pension funds and sovereign wealth funds through a growing insurance-linked securities market....
...The fund listed the UK in its Fiscal Monitor publication on Wednesday as one of four large economies that “critically need to take policy action to address fundamental imbalances between spending and revenues...
...The Russian dark fleet’s insurance arrangements with Ingosstrakh potentially expose coastal states in Europe and Asia to huge potential clean-up costs in the event of a spill....
...Petermann, whose hedge fund was launched with reported plans to manage at least $500mn of assets, did not respond to questions about the visit....
...Of this, $2.9bn was invested in entities related to 777, according to a notice to all state insurance regulators on Thursday....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Hielkema said any pan-EU scheme would need to be carefully calibrated to make sure individual states are pulling their weight on adaptation measures, among other considerations....
...Half of the payout — Rbs375bn — will flow directly into the Russian budget, as the state owns 50 per cent plus one share of Sberbank, boosting the Kremlin’s coffers to fund the war that Vladimir Putin’s...
...Rather than the federal government dipping into its funds, Neal said, it would be “far better for the insurers to stand up and say hey, let’s actually begin to deal with all of this”....
...The state regulates home insurance premiums to protect homeowners, but in some cases that has made business unviable....
...But development in the US’s most densely populated state is heavily concentrated near shores and rivers, putting homes and businesses at risk. That risk is not being factored in to insurance premiums....
...“All EU regulators are really down on PE fund owners right now,” said one insurance executive....
...Looking forward, we will pursue rate increases in 10 states to improve margins and in other states to keep pace with increases in loss costs. Used-car costs have, in contrast, declined....
...The third big index fund provider, State Street, is owned by a bank and regulated differently....
...Insurance executives have also highlighted the risk of a misalignment of interests between the long-term nature of this insurance business and the shorter timeframe of ownership through a PE fund, rather...
...The manager of a turnaround fund that has produced supercharged returns overhauling Romanian state companies is in discussions to take the model to other emerging markets....
...Shadow chancellor Rachel Reeves claimed earlier on Wednesday that the Conservatives would fund the NIC abolition by “cutting state pensions or cuts to the NHS”, an argument that Labour is expected to use...
...But in recent years, premiums have surged, far outpacing slow or even negative income growth, while local governments, lacking funds to contribute to insurance schemes, have passed rising healthcare costs...
...Starmer claimed Sunak would be forced to cut spending on state pensions or the NHS, or put up income tax to fund the policy. “Which is it?”...
...Cara Spinks Head of Insurance Consulting, OAC, London EC2, UK...
...This opens a back door for the attackers to siphon off customer funds, disrupting clearing and even interbank lending....
...The finance chief of Italy’s biggest insurer has expressed concerns about potentially conflicting interests when life insurance companies are owned by private equity funds, as anxiety grows about the consequences...
...A group of investors has launched a £100mn fund to help finance the electrification of London’s iconic red buses....
...However, the board of the State Street Global Advisors Luxembourg Sicav, an open-ended investment fund structure, told investors earlier this month that it will not reduce the settlement cycle of its funds...
...This has already occurred in home insurance relating to climate, with US states including Florida providing cover for homeowners who are unable to get it; the UK’s Flood Re is a joint government and industry...
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