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...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
...The Grenfell fire killed 72 people when it spread through the external cladding of a west London tower block....
...due to fire-safety issues....
...White Oak, another Greensill investor, claimed in a separate lawsuit this year that some companies listed as owing Liberty Commodities money had “no transaction history whatsoever” with the group....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Over the weekend Greater Manchester Fire and Rescue Service said it had worked “closely” with the venue to ensure fire safety measures were in place ahead of Saturday’s event and would continue to do so....
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
...That can cause safety concerns as even small dings to battery packs can destabilise cells, potentially causing fires and even explosions....
...In 1898, Wright used money earned designing glass tiles for Luxfer Prism Company to build a new studio connected to the house....
...Hankey may be playing with fire again....
...Between 2000 and 2008, the Federal Deposit Insurance Corporation issued 1,243 new insured commercial bank charters, an average of 138 a year....
...Next, the shadow banking system — an assortment of financial institutions ranging from hedge funds to insurance companies — still lacks the liquidity to weather price adjustments, according to the FSB....
...the company in as many years....
...In the filing, IAG also claims that Marsh, the world’s biggest insurance broker and the company that placed Greensill’s cover with insurers, “ought reasonably to have known” that the wording of a key 2019...
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...Cigna is reportedly in talks to merge with Humana in a deal that would create a US health insurance company worth $140bn....
...However, Bodouroglou said “a number of charterers” had asked his members to remove the wartime clause from charter contracts to ensure the shipping companies had no right to divert away from the Suez Canal...
...By contrast, the amount paid in claims during the quarter was up 11 per cent, as insurers paid out to cover fire, theft, weather, water leaks, and other events....
...Insurance companies have pushed up the costs of protecting homes, cars and valued possessions from loss and damage....
...insurance brokers, told the FT....
...The worst damage inflicted by the Houthis on any ship before the Rubymar was on the Marlin Luanda, a tanker that suffered a severe fire after a missile strike on January 26....
...through two quick-fire deals for rival banks....
...Admiral has traditionally led the wider motor insurance market on prices. Peer Direct Line may be about to report the same uplift in results due next month....
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