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...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...Haymarket also lent $91mn to Jarm Capital, a Delaware company then owned by Josh Wander, co-founder of 777, according to a person familiar with the situation....
...The former Macquarie star commodities trader Nick O’Kane has agreed terms to join Mercuria as the Swiss trading house seeks to expand its gas and power business, according to people with knowledge of the...
...Changing weather will cost us all more in years to come, according to Swiss Re....
...There will be growing “patches” where buying insurance is uneconomical, Swiss Re has predicted....
...This means strong co-ordination and incentives to improve both the asset and the service....
...Twenty years ago, Melanie Clore, co-founder of the art advisory firm Clore Wyndham and former chair of Sotheby’s Europe, was invited to lunch by a young Swiss dealer called Iwan Wirth, who had opened a gallery...
...Meanwhile private banks are increasingly treating customers like guests (EHL alumni include Laurent Gagnebin, CEO of Rothschild & Co Bank in Zurich, one of whose own children is now studying at the school...
...Such storms, particularly in the US and Italy, have left in their wake $60bn of insured damage, more than double the previous 10-year average, according to reinsurance group Swiss Re’s research arm....
...Swiss Re, one of Europe’s big reinsurance groups, said on Friday that the prices it charges property and casualty insurers for cover jumped by 21 per cent in July renewal negotiations, continuing a shift...
...Global reinsurers Munich Re, Swiss Re and Scor declined to comment, while Hannover Re said in a statement that it had taken a “bespoke and differentiated approach by [insurance] client depending on the underlying...
...His departure comes as Mercuria prepares for the arrival of Macquarie’s head of commodities, Nick O’Kane, who is expected to join the Swiss group later this year....
...In the UK, the Bank of England has proposed limits for so-called funded reinsurance deals....
...Swiss financial news outlet Tippinpoint was first to report his departure....
...“The sole reason for all this litigation is that politicians are not doing their jobs,” says Dennis van Berkel, co-founder of the Climate Litigation Network....
...The UK’s market is centred on Lloyd’s of London, which is a hub for negotiation of these policies, while Switzerland is host to big insurance and reinsurance groups such as Zurich and Swiss Re....
...A day after the Fed meeting, the Swiss National Bank unexpectedly cut its interest rates, knocking about 1 per cent off the value of its currency....
...In an eleventh-hour attempt to reverse the situation, Souki had sought to sue his lenders — funds managed by the Swiss bank UBS — arguing they had been “commercially unreasonable” in the manner in which...
...Under the deal, the brokers agreed to co-operate in future criminal investigations and to enhance and report on their compliance....
...It too, you guessed it, is co-owned by Signa, alongside Thailand’s Central Group....
...Swiss Re said it was “aware of this judgment, which is self-explanatory and which we have given careful consideration to”. Llewellyn, who has since left Swiss Re, could not be contacted for comment....
...That prosecution sparked a related investigation by Swiss authorities....
...group Swiss Re published on Wednesday....
...Swiss Re: Shares in the reinsurance group fell as much as 3.3 per cent in early trading, despite an almost tenfold surge in first-half net income....
...It’s all the more impressive considering Atalanta’s €119mn operating revenues, and €84mn wage bill in 2022-23 (with thanks to Swiss Ramble/Kieron O’Connor for deciphering the Italian accounts)....
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