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...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....
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...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...
...The agency typically likes to sell to other regulated banks so the loans and customers of collapsed lenders remain under the eye of regulators....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...chair of the Federal Deposit Insurance Corporation has warned....
...The post-pandemic surge in inflation for everything from energy to groceries is easing, but the cost of insurance continues to grow: insurers complain of having to pay far more to repair vehicles and compensate...
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...The downgrade came from AM Best, the specialist rating agency, citing a significant rise in exposure to “less liquid affiliated investments”....
...Further complicating matters, specialised insurance firms have also written contracts protecting some bondholders from a default....
...However, he warned that as the private market grows providers will “have to work harder to explain what they’re offering”, particularly what is and is not covered....
...The US Federal Deposit Insurance Corporation is working on proposals aimed at ensuring asset managers do not seek too much influence over the banks in which they hold large stakes....
...Without revealing the company’s identity, the chamber said enforcement agencies “authorised by the European Commission” raided the firm’s offices in both countries on Tuesday morning....
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