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...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Last week, following a separate Fox Williams investigation into alleged workplace misconduct, the CBI sacked its director-general Tony Danker....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...The insurance sector is expecting a hefty bill....
...Mainland Chinese visitors accounted for around $7.5bn of new insurance premiums in Hong Kong in 2023, according to the city’s Insurance Authority....
...The company confirmed it was raising the price on its Model Y SUV by Rmb5,000 ($695) from April 1....
...In the wake of three of the largest bank failures in US history a year ago, the US Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are all pushing...
...Mercedes-Benz said Baltimore was among several ports used by the company in the US....
...Marine insurance experts told the Financial Times that the accident would probably lead to a substantial claim, including for damage to the bridge and disruption to the port....
...The idea, said Frank Vivier, Richemont’s chief of transformation, was to move beyond the analogue era where insurance companies, watchmakers and police communicated little and victims were left in the dark...
...These companies collectively underwrote about 70 per cent of US homeowners’ premiums, it said. The Treasury’s proposals have highlighted the fragmented nature of US insurance regulation....
...Additional reporting by William Sandlund in Hong Kong...
...Meanwhile, Swedish insurance companies have the highest holdings of stocks in the EU....
...“These companies are proving that there are multiple avenues of growth for them by product, region and distribution channel,” said William Katz, an analyst at TD Cowen....
...at the V&A....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...At the moment, some $5.6tn of cash sits in these funds, according to the Investment Company Institute, up from $2.6tn a decade ago....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Kathleen Donnelly KC acted for 555 sub-postmasters in a 2019 High Court case, known as Bates v Post Office, that led to revelations the company had pursued thousands of people between 2000 and 2014 with...
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...“It’s everyone from insurance companies, [to] sophisticated family offices and even sovereign wealth funds.”...
...Earnings: E-commerce group PDD, phone maker Xiaomi and insurance company Ping An report earnings....
...credit agency, and AMEA Power, a renewable-energy company....
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...University Questrom School of Business and is a former Federal Reserve bank examiner Most federally insured US financial institutions, including more than 80 per cent of banks covered by the Federal Deposit Insurance...
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