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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....
...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....
...Brereton was an executive at underwriting agency Bond & Credit Co, which was then 50 per cent owned by IAG and issued insurance policies on its behalf....
...The firm collapsed in March 2021 after it failed to renew its insurance cover....
...The rating agency recently upgraded its credit rating on an improved underwriting performance and a stronger balance sheet. Lloyd’s has also made progress in reviving face-to-face trading....
...The downgrade came from AM Best, the specialist rating agency, citing a significant rise in exposure to “less liquid affiliated investments”....
...Monday’s report also called for bodies such as the National Infrastructure Commission, an executive agency that provides advice to the government, to be given a “broader remit and be less at the mercy of...
...While the bulk of Greensill Bank’s €3.5bn deposits were covered by an insurance scheme, the collapse inflicted severe losses on a number of small towns and municipalities who had about €500mn of uninsured...
...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for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...The writer is a former chair of the US Federal Deposit Insurance Corporation and a senior adviser to the Systemic Risk Council Thoughtful shoppers distinguish between best price and best value....
...Rating agency Fitch said it expected reinsurance rates to continue to increase year on year in January, but at a slower pace, less than 10 per cent on average, according to a note last month....
...“This is a wake-up call for the financial industry and the insurance industry,” executive director of the European Environment Agency Leena Ylä-Mononen told the Financial Times....
...Despite persistent attempts by Republican lawmakers to claw back some of the money, the agency has begun hiring thousands of new enforcement staff....
...AM Best, a rating agency that specialises in insurance, has raised concerns about the quality of assets held by 777 Re, which are invested to support annuity contracts sold by A-Cap and another insurer,...
...The agency typically likes to sell to other regulated banks so the loans and customers of collapsed lenders remain under the eye of regulators....
...The insurance claim stemming from the accident could reach $1bn-$3bn, Barclays analysts estimated on Wednesday....
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...In privatised America, it’s starting to seem like utilities and insurance costs are the way everyone pays to fix yesterday’s mistakes....
...To mitigate these losses, the Federal Emergency Management Agency, which manages the US flood insurance programme, has established standards to withstand flooding because of climate change and avoid building...
...After insurance payouts, the French group will book a non-recurring charge of $213mn before tax in the fourth quarter of 2023....
...The chancellor, Jeremy Hunt, has promised unspecified savings to fund cuts to national insurance....
...Republican board directors at the Federal Deposit Insurance Corporation have called on the agency’s chair to recuse himself from an investigation into allegations of widespread sexual harassment and discrimination...
...A change in classification would mean an increased tax bill for pharmacies to pay income tax and employers’ national insurance....
...The billions of dollars of credit insurance covering loans from collapsed finance company Greensill Capital were written through a small, Sydney-based underwriting agency....
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