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...Fidelis will work with Hampden, the largest agency at Lloyd’s allowing wealthy investors to participate in the market by putting their capital against insurance risks....
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...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....
...reviewed by the Financial Times and people with first-hand knowledge of the details....
...Times....
...Joachim Kühne, a lawyer working for Greensill Bank’s German administrator, told the Financial Times that the administrator was assessing IAG’s allegations....
...The firm collapsed in March 2021 after it failed to renew its insurance cover....
...The use of reinsurance, which has also surged in price, was an important layer of protection, he told the Financial Times....
...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...Time-honoured institutions often struggle to adapt. Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour....
...“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....
...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for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...Amid the turmoil of that time, the transaction avoided disruptions for WaMu’s customers and was reassuring to the markets....
...Brokers told the Financial Times that the negotiations for the January renewals were more orderly than last year’s talks, and that some reinsurers were again providing more cover....
...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...
...And despite the threat of tougher enforcement, the policies have never been cheaper, thanks to an increasing number of insurance companies entering the market....
...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...The deal is exactly the kind of change in corporate behaviour the government had quietly wanted for a long time since Japan updated its mergers and acquisition guidelines in 2019....
...Between 2017 and 2021, Scope was providing credit ratings and other services to Greensill while Thompson, the chair of Greensill Capital at the time, was also a shareholder in the rating agency’s parent...
...Martin Gruenberg spoke to the Financial Times as his agency issued a paper detailing how it would handle the collapse of a global systemically important bank (G-SIB) such as Credit Suisse....
...Federal Deposit Insurance Corporation....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...insurance, which is capped at $250,000....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
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