Hints and tips:
Related Special Reports
...National Indemnity was the business Jain ran for years before being promoted to vice-chair of Berkshire in 2018, when he took control of the entire insurance operations....
...Shares in Travelers, one of the biggest US insurers, rose 7 per cent in early trading on Wall Street after it posted fourth-quarter net profits of $1.6bn, doubling from the same period the previous year...
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
..., such as professional indemnity, to be structured for ILS investors....
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
...Are hailstones getting bigger, one equity analyst recently asked an executive at Travelers....
...But in the US, for whatever reason, insurance and banking do not grow together very well....
...In any event, ask whether trustee indemnity insurance is in place, which might offer some reassurance....
...The gains were fuelled by strong results from Berkshire’s insurance unit, including at Geico, as well as higher interest rates....
...A lawsuit settled by Travelers in 2018 alleged that it had denied insurance to landlords renting to households receiving income support, which are disproportionately made up of black women....
...There were, he said, few deals that offered the kind of transformative impact past takeovers have had, such as its purchases of insurers Geico and National Indemnity or the BNSF railroad....
...But it does raise questions of competence and also why the cost of providing indemnity insurance to the buyer should be borne by the listed fund and not the manager....
...Skinner was a veteran of the marine protection and indemnity industry, according to industry publication TradeWinds....
...Bar Mutual, established in 1988, provides primary professional indemnity insurance to all self-employed barristers in England and Wales up to a value of £2.5mn....
...In December, protection and indemnity insurers, which provide liability insurance to seaborne trade, warned that their reinsurers had cancelled certain insurance covers for Ukraine war-related claims....
...with the Financial Times, Roppestad estimated that since Russia invaded Ukraine “several thousand” more ships were trading around the globe without cover from the International Group of 12 Protection & Indemnity...
...Norway’s Gard, part of the international group of 13 protection and indemnity clubs, also said on its website on Tuesday that a resolution had been found....
...Global protection and indemnity insurers issued amendments on December 23 for certain policies, including charterers’ liability cover, excluding losses coming from the conflict “or any expansion” of it....
...At the insurance company Travelers, a proposal asking the company to set a deadline to stop underwriting new fossil fuel projects won 8.8 per cent support in May, down from 13 per cent support last year....
...After days of lobbying by officials, Norway’s Gard, part of the international group of 13 protection and indemnity clubs, said in a statement on its website on Tuesday that a resolution had been found....
...The International Group of P&I Clubs, which provides prevention and indemnity insurance to 90 per cent of the industry, has said it cannot comply....
...Ankara has asked all crude tankers passing through the Turkish straits to provide letters from their protection and indemnity providers, known as P&I Clubs, confirming that insurance cover would remain in...
...But two of the ships, the Nichole and the Yasa Golden Dardanelles, did have protection and indemnity insurance from western providers at the time of the voyages, respectively the American Club and Britannia...
...Some local authorities can take weeks to provide search results and you may need to obtain indemnity insurance to cover any outstanding information, so the sooner you get started with this the better....
International Edition