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...The five groups — Willis Towers Watson, Lockton, Brown & Brown, Bridge and PIB — have agreed with the government to end the practice of sharing their commissions with these third parties on buildings over...
...Insurance prices are surging as companies look to repair their margins after years of significant losses from severe weather to insured properties, exacerbated by inflation in rebuild costs....
...Medium-sized German insurer LVM holds a 2.9 per cent stake in Signa Prime Selection, one of the two companies that owns most of the Signa group’s assets....
...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....
...The former US president’s team has spent “countless hours negotiating with one of the largest insurance companies in the world”, the lawyers wrote in a filing, citing a broker they hired, but have concluded...
...Although prestigious and highly valued, the prime London estate yields less income than riskier ventures and assets....
...The Brooklyn Tower, as it is known, is scheduled to go to auction on June 10 after its lender, Silverstein Capital Partners, initiated foreclosure procedures against Stern’s company, JDS Development Group...
...Today, however, Oceanwide Plaza remains unfinished and its parent company is out of money....
...Motorists were quoted an average of £995 for annual policies in the final quarter of 2023, an increase of 58 per cent on the year before, comparison site Confused.com and insurance broker Willis Towers Watson...
...The tower was handed over to BT after the company was privatised in 1984, but has never changed ownership on the open market....
...the company in as many years....
...Lloyd’s said the agreement with Chinese insurance company Ping An, which has owned the building for a decade, will allow it to continue its renovation of workspaces and make further refurbishments, including...
...Greensill Capital, which once boasted former prime minister David Cameron as an adviser, collapsed after it failed to extend the insurance cover that was crucial to its business of securitised loans....
...Experts predict hundreds of billions of pounds of liabilities will transfer from company balance sheets to insurance companies as part of a multiyear shift that will redraw the UK’s retirement landscape....
...Work on the Elbtower halted more than three months ago when Signa abruptly stopped making wage payments to the tower’s construction company....
...Including mortgage payments, mortgage insurance and property taxes, he pays $3,500 per month more today than what he spent on rent at the family’s last home....
...Among other remedies, Mayor Eric Adams has supported the idea of converting obsolete office buildings into residential towers....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...An Ipsos poll published this week found Tory support had fallen to a record low of 20 per cent, the worst rating for the party since the company began its poll in 1978, suggesting a potential Labour landslide...
...But in terms of the internal battle within the Tory party, the national insurance cut has done its job, in that Rishi Sunak is still prime minister....
...If insurance companies and friendly billionaires think he is too big a credit risk, who might help him out instead? What sort of collateral could Trump offer in return?...
...He added: “That depends when the prime minister chooses to call the election.”...
...companies, pension funds and individual investors....
...JAL estimated on Wednesday that the crash would result in an operating loss of about ¥15bn ($105mn), which would be covered by insurance....
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