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...He said the sector needs to “bring to bear” broader forms of insurance capital including from pension funds and sovereign wealth funds through a growing insurance-linked securities market....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Nuctech, the Chinese security equipment supplier raided by EU authorities, has won more than 160 public tenders in Europe over the past decade despite national security warnings about the company’s products...
...The TUC, the umbrella body for the UK union movement, has updated its guidance on cyber security....
...assessment of its impact on security or public order in the Union”....
...Funabiki also praised UK regulators, which have come under criticism from lawmakers and lobby groups for being slow in approving new insurance securities, as “very knowledgeable and . . . always willing...
...The regulator also wants to make greater use of reinsurance markets, and aims to encourage investors to put more money into EU insurance-linked securities — such as catastrophe bonds, which pay out for certain...
...“[The union] campaigns on ‘look at what Ford got’,” Belcher said. “They’ve really been pushing $40 [an hour] and free health insurance.”...
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...MPs last year blamed regulatory foot-dragging for London losing out on $700mn of insurance-linked securities that went to Singapore....
...He predicted that more would come from areas such as insurance-linked securities — where investors put their capital against insurance risks — leading to a “levelling of pricing”....
...“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....
...Instead, the regulator in its report referenced anonymised companies “[Company A] Bank AG” and “[Company A] Capital (UK) Limited”....
...The area of private medical insurance that has seen the strongest growth has been in the number of people taking out personal cover, according to a survey by Statista Consumer Insights, a research company...
...This week the National Farmers’ Union called on the government to boost support for growers affected by heavy rain earlier this year, which has left swaths of agricultural land flooded....
...Only leaders can convincingly tell citizens that their security and prosperity depends on Europeans everywhere putting their savings to work for companies across all of Europe. The dithering must end....
...into bank parent companies....
...Other suggestions include a different rule book for competition policy, one which considers European companies as competing on a global scale....
...Together with Thomas R, they set up research projects between the company, German universities and sham Chinese business partners....
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...The 20 vessels identified by the FT and Danwatch were carrying a total of about 10mn barrels of oil, according to Kpler, a data and analytics company....
...Its relationship with the union that represents half of its workers has soured over the past decade as the company expanded into Arkansas, where unions are rare, McCall said....
...The attempted hack was uncovered by the US cyber security company Mandiant, owned by Google....
...The US has since 2020 warned of “its involvement in activities contrary to the national security interests of the US” and “security risks posed by Nuctech equipment . . . given the company’s control by the...
...Overall, European defence spending rose 16 per cent to $588bn as “the war in Ukraine . . . fundamentally changed the security outlook”, said Sipri researcher Lorenzo Scarazzato....
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