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...Lawyers’ fees account for just over half of the cost, with another third paid to insurance advisers....
...But regulators are studying the liquidity risks being stored up in these strategies, and the potential spillover effects for the wider financial sector....
...But co-founder and chief executive Daniel Schreiber told the Financial Times that the results, which included a small increase in its cash and investments, from $942mn at the end of the first half to $945mn...
...The cache of shipping files, seen by the Financial Times and the Danish media group Danwatch, reveals a number of Russian vessels travelling from the Baltic are relying on insurance that can be easily voided...
...“All actors need to move,” she told the Financial Times....
...And while we could take the issue to the state regulators, she suspected they were being cautious about acting since New York is at risk of becoming a new Florida and uninsurable if officials pressed insurers...
...According to filings with insurance regulators reviewed by the Financial Times, the unit ultimately bears much of the risk that individual Berkshire insurance subsidiaries take....
...Using new(ish) and enhanced financial accounts data for the United States, they find that — rather than NBFIs substituting for bank business — NBFI and bank businesses and risks are better seen as increasingly...
...The state regulates home insurance premiums to protect homeowners, but in some cases that has made business unviable....
...Athora said it remained “committed to further growth in the German savings and retirement services market” while Axa said it will now retain the business, but had separately entered into a new reinsurance...
...These low-profile groups allow life insurers — providers of annuities and other long-term financial products — to reinsure risks such as longevity....
...Hiscox and Lancashire, two insurers that operate in the Lloyd’s market, said in quarterly updates on Thursday that they would take a share of the financial losses from the bridge collapse....
...“I am concerned that this trend in insurance investment may mirror the risk-taking behaviour financial institutions undertook that led to the financial crisis and had spillover effects across the economy...
...And the clients get a good deal because they get closer to the asset and there’s less intermediation occurring. Our view is that that is holistically a good thing for the financial system....
...Jeremy Hunt has warned the Financial Conduct Authority against its plan to “name and shame” companies under investigation in an unusual broadside against the UK’s top financial regulator....
...” seeping into the wider financial sector and economy....
...most of the rise in transportation-services costs: car insurance!...
...cost-savings to the NHS, welfare state and employers through health protection policies....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Private capital groups such as Apollo, KKR and Brookfield have swept into the life insurance sector since the financial crisis, buying insurers and reinsurers or striking asset-management partnerships....
...But debt markets present a bigger opportunity than equity markets and insurance has proved to be a reliable source of fee-paying permanent capital....
...The episode would show “how insurance works”, he added. The financial impact on the whole market is likely to be in the billions, he said, with up to $1bn due for the bridge reconstruction alone....
...Banks and insurance companies have also created significant partnerships with private equity and credit groups such as Blackstone and Warburg Pincus, seeking their investment expertise....
...Update May 1st: Apollo has emailed this statement: A life insurance policy is one of the most important assets in a person’s financial life; it can provide certainty and financial security unlike any other...
...However, increased demand for private work could take doctors and nurses away from the state’s free-at-the-point-of-use NHS, Warren warned....
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