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News updates from April 19: Israel launches retaliatory strikes against Iran; S&P 500 falls for third straight week
Donald Trump’s $175mn bond should be invalidated, New York attorney-general says
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
April 19, 2024
Donald Trump
Trump’s $175mn bond should be invalidated, New York attorney-general says
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
April 19, 2024
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
Insurance
Howden agrees £500mn deal to turn start-ups into underwriters
...Lloyd’s insurers Tokio Marine Kiln, Chaucer and Liberty Specialty Markets are among those that have pledged to hold the risk for a total of £500mn of insurance coverage written in partnership with these...
October 16, 2023
IPOs
Strong gains by newly listed stocks raise hopes of IPO market revival
...Their performance was helped by a few big successes such as insurance group Skyward Specialty, which has risen 125 per cent since listing a year ago, and Rayzebio, which is up 244 per cent, driven by news...
January 10, 2024
FirstFT
FirstFT: Boeing chief admits ‘our mistake’ after 737 Max mishap
...Gains for companies such as insurance group Skyward Specialty and biotech company Rayzebio more than offset losses for high profile tech flops like Instacart....
January 10, 2024
Insurance
Civil unrest overtakes terrorism in insurance claims
...Srdjan Todorovic, head of political violence and hostile environment solutions at its specialty arm, wrote that the “rapid galvanising effect of social media means unrest can occur in multiple locations...
April 9, 2023
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Illumina Inc
Carl Icahn says Illumina directors demanded extra insurance for Grail deal
...“It has become a bigger company and this could create the perception that it needs more insurance,” said Kevin Lacroix, an attorney and executive vice-president at RT ProExec, a unit of RT Specialty, an...
March 24, 2023
FT Magazine
Prediction markets can tell the future. Why is the US so afraid of them?
...“Insurance and grain futures were once distrusted concepts that evolved into the important risk-management tools we know today....
November 10, 2023
US Inflation Reduction Act
Rush for US clean energy subsidies boosts brokers and lawyers
...The IRA has created an opportunity for new kinds of insurance products, too, said Jordan Tamchin, tax insurance practice leader at CAC Specialty, a broker....
February 13, 2023
Insurance
Climate litigation threatens to push up companies’ insurance costs
...growing environmental disclosure requirements for companies around the world has also increased the risk to businesses, said Terry FitzGerald, head of financial and professional liability at insurer Liberty Specialty...
August 28, 2022
Coronavirus: Microsoft to require Covid vaccination for all workers at US offices - as it happened
Covid-related losses shrink at Hiscox
...But a much discussed idea of a public-private insurance backstop, to make sure businesses can get some protection against the next pandemic, has yet to see the light of day....
August 3, 2021
Sanjeev Gupta
Gupta’s companies missed payments for steel deal, Tata says in lawsuit
...Tata is suing for £7.9m, which includes the remainder plus interest and £1.3m for insurance liabilities....
May 6, 2021
Insurance
Insurance prices rise across the board as coronavirus hits
...Jon Turner, head of insurance broker Gallagher’s UK specialty business, said: “There was a snowball rolling down the hill and coronavirus has added to that as it gathers momentum.”...
May 24, 2020
Aon PLC
Aon chief defends decision to cut staff pay
...“There is an opening not to try and replicate what big firms are doing but to go narrow and deep, built on specialty insurance and reinsurance expertise.”...
July 13, 2020
Special ReportLuxembourg as a Financial Centre
Luxembourg among biggest winners from Brexit
...Specialist insurers, for shipping or property, number FM Global, Tokio Marine, Liberty Specialty Markets and Hiscox....
September 15, 2020
FT Live
Finance Disrupted at TNW Conference
Shaking The Foundations Of Finance | Formerly Future of Finance
Thursday, 20 JuneAmsterdam, Netherlands
Cyber Security
UK companies risk being uninsured for data losses and IT problems
...Marsh JLT Specialty....
December 24, 2019
Coronavirus
Euro 2020 football tournament set to be postponed
...“The big, global events will have a very comprehensive policy,” said Edel Ryan, of the special risks practice at insurance broker Marsh JLT Specialty....
March 16, 2020
Special ReportRisk Management: Financial Institutions
Ransom attackers set sights on financial sector ‘big game’
...Sarah Stephens, head of cyber, international, at insurance broker Marsh JLT Specialty, says that ransom demands across the board are rising....
March 23, 2020
City Bulletin
City Bulletin: Unilever outlines plan to unify as UK Plc Premium content
...Then he co-founded Redemption Roasters, a specialty coffee company with five London shops, a wholesaling operation and a prison roastery....
June 11, 2020
Special ReportCyber Security
Data hacks and big fines drive cyber insurance growth
...broker Marsh JLT Specialty....
November 20, 2019
Travel & leisure industry
Coronavirus risks downward spiral for events industry
...risks practice at insurance broker Marsh JLT Specialty....
March 5, 2020
British Steel Ltd
British Steel was awaiting £30m disputed insurance claim
...The company submitted its claim to a group of insurers led by Zurich and Liberty Specialty Markets....
May 22, 2019
Grenfell Tower disaster
Safety inspectors halt work after insurers rein in cover
...Andrew Harrison-Sleap, head of the construction professional indemnity business at insurance broker Marsh JLT Specialty, said the publicity around Grenfell was putting insurers off....
June 17, 2019
City Bulletin
Opening Quote: Markets react to oil attack in Saudi Arabia
...Before Royal London, Harris was at Torus Insurance and Aviva. We're looking to feature more job moves....
September 16, 2019
AXA SA
Axa joins chorus of insurers hailing price increases
...“Axa XL had a strong quarter of selective growth, growing in P&C insurance and specialty lines while maintaining underwriting discipline in reinsurance,” he said....
May 2, 2019

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