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...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...“We don’t believe we fully understand the risks associated with these offshore insurance companies,” said Natalie Winterfrost, a professional trustee and former chair of the investment committee at The Society...
...The first-tier tribunal criticised a “complete lack of transparency with leaseholders regarding these commission payments” by the freehold owner and a management company, both Yianis Group subsidiaries....
...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....
...11 metres in height, with known fire-safety issues, and to cap the proportion of the premiums that they take at 15 per cent....
...Acknowledging that the impact of climate change varies by region and each so-called “peril”, such as wind, fire and flood, Mitchell-Wallace called for a “well-considered” approach from the market with investment...
...“The BMA would not approve any transaction that the [insurance company’s home] regulator does not support,” said the BMA....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...The car, home and business insurer, whose results often set the tone for the insurance earnings season, managed an improved combined ratio — claims and expenses as a proportion of premiums — of 85.8 per...
...Often, travel insurance is included either as an extra benefit or service through your bank or credit card company as part of a package of services for which you pay a monthly or annual fee....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Previously, insurance subsidiaries were typically assigned a capital risk weight of 370 per cent. Under the new Basel rules, that weighting should fall to 250 per cent....
...Losses in the insurance subsidiary are not reflected in the bank’s consolidated accounts....
...“We’ve been using out-of-date rainfall predictions in our building standards so our stormwater features are not large enough,” he points out....
...The costs of core insurance products, such as home and motor insurance, have come under increased scrutiny amid a cost-of-living squeeze on UK households....
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...the chair of the Federal Deposit Insurance Corporation has warned....
...The PE insurance company subsidiaries sell annuities, that is, contracts by which individuals exchange a lump sum for a certain level of income over a certain period of time, sometimes the rest of the individual...
...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...
...Batteries cause problems of their own. These are expensive pieces of kit, worth a significant part of the overall vehicle cost, about half....
...And one thing to start: Adam Neumann, the co-founder of WeWork, has submitted a conditional bid of about $600mn for the bankrupt co-working company he led until 2019, according to three people briefed on...
...Most came in the US and much of that was down to hailstone damage to rooftops and solar panels. The result is that home insurance costs are rising fast, up by a fifth in the US on average last year....
...Higher interest rates lit a fire under the corporate pensions market, with improved scheme funding levels meaning hundreds of billions of pounds of pension obligations are expected to be transferred from...
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