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...“I genuinely think they’ve changed,” he said, adding that Lloyd’s was now seen “as a lead market again on big, complex international risks”....
...Exxon’s total costs for cleaning up the Valdez spill in 1989, including damages claims and fines, were estimated to be as much as $7bn — or $17bn when adjusted for inflation....
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...“We are now ready to . . . invest more into MS Amlin and use it as a driver to lead our international growth going forward,” Funabiki said....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...UK businesses are offloading about £50bn a year in pension liabilities to insurers, after rising interest rates improved pension scheme funding levels and fuelled activity in this market....
...Insurance companies lent money to Signa partly because of the regulatory and interest rate environment, according to one person familiar with the situation....
...Winslow said the group had “identified immediate actions we can take in 2024 to create value” as well as promising a “comprehensive strategy review” to be unveiled in July....
...Eurovita fell into administration last year, as rising interest rates exposed balance sheet weaknesses....
...Ageas has 44,000 employees in 13 countries. Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...London remains an international hub for the sale of insurance and reinsurance, and has continued to grow despite competition from other markets such as Singapore and disruption from Brexit, which raised...
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...But in a statement early on Thursday, the company expressed regret over the tragedy....
...keen to offload in a period of low interest rates....
...“[The current regulatory approach] is rightly in the interests of policyholders — to keep their money safe — but it narrows the funnel of investable projects,” the report stated....
...The company’s shares were down more than 2 per cent in morning trading in London....
...Rossi, who became chief executive in late 2022, highlighted the group’s investment performance across its funds and the contribution from the life insurance business as the reasons behind the company’s recent...
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...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....
...into bank parent companies....
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
...Shares in its holding company International Distributions Services languish below the October 2013 initial public offering price. The weight of its public service obligations weighs heavily....
...to cash in, or “lapse”, their insurance policies, just as the assets backing them had slumped in value....
...It said it “leaves management decisions to the underlying companies in [its] index and policy decisions to policymakers”....
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