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...Tokio Marine & Nichido Fire, which is one of Japan’s largest underwriters of corporate insurance against cyber attacks and a prime target for ransomware gangs, acknowledged to customers last month that it...
...Those earlier loans — which documents show were made to The Greensill Corporation Pty Ltd as trustee for the AD Greensill Family Trust and Peter Greensill Family Co Pty Ltd as trustee for the Peter Greensill...
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...Barings said that in early March more than a dozen employees resigned for Corinthia, alongside global private finance co-heads Fowler and Adam Wheeler....
...Marine in 2019....
...IAG added that if the court ruled it had to pay out on the insurance, it would rely on the 2019 agreement to pass the credit insurance exposure to Tokio Marine....
...Australian insurance agency Bond & Credit Co arranged $10bn of coverage for Greensill, which specialised in supply chain finance and collapsed into administration in 2021 after its insurance expired....
...Letter in response to this article: How Covid leaves companies more vulnerable to cyber attack / From Monica Oravcova, Co-Founder and Chief Operating Officer, Naoris Protocol, Wilmington, DE, US...
...Lex points out that Lazard’s mix of volatile or out-of-favour businesses is not a great fit for the mutual funds that dominate public stock markets....
...Commended Liberty Mutual O: 7; L: 7; I: 7; Total: 21 The insurance company’s legal department is aiming to unify practice areas and encourage greater collaboration and agility in problem solving....
...health insurance provider....
...“Investors have said we don’t want more catastrophe risk,” said Rod Fox, co-founder of reinsurance broker TigerRisk. “That has trickled down.” Many see 2022 as a turning point....
...They provide mutual insurance coverage for 90 per cent of oceangoing tonnage, pooling their risk, and rely on Lloyd’s for reinsurance cover....
...Samsung Fire & Marine and Samsung Life have provided more than Won16tn ($13.8bn) in backing for the coal industry through project financing, bonds and insurance underwriting since 2009, according to data...
...One of the UK’s oldest remaining mutual insurers, LV’s business was left considerably smaller after the sale of its general insurance division to Allianz in 2019....
...UK, EU and US to ban the provision of property and indemnity insurance, via mutual industry clubs....
...Questions have also been raised about the Razoni’s insurance....
...Other claims could flow to the ship’s protection and indemnity insurance, provided by the UK P&I Club, a mutual insurer owned by shipowners....
...The broker was forced to scramble in September after Sydney-based underwriter Bond & Credit Co — acquired in 2019 by Tokio Marine — formally served notice on a policy backing more than $4bn of working capital...
...LV, which is the third-largest insurance mutual in the UK, launched a strategic review in June after selling its general insurance business to Germany’s Allianz....
...Research suggested that Samsung Life Insurance and Samsung Fire & Marine Insurance, South Korea’s largest property and life insurers respectively, financed $14bn of such projects over the past decade and...
...Insurance lawyers said the change to becoming a mutual company would make it easier to sell LV or combine it with another insurer. The number of mutual life insurers has shrunk in recent years....
...The Co-op sold its insurance underwriting business for £185m to Markerstudy, with the sale expected to complete in the fourth quarter of 2020....
...Five years after Sweden reorganised its police force, decentralising its top-down approach, the northern region’s “incident command” unit took on responsibility for co-ordinating Covid-19 responses on the...
...Most of the 1,567 products issued by banks’ wealth management units are fixed-income strategies, data from Chinawealth, a site affiliated with the China Banking and Insurance Regulatory Commission, show....
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