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...cap, while using western-based insurance services — a potential breach of restrictions imposed by western powers to try to crimp Moscow’s oil revenues....
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...But Moscow has increasingly dodged sanctions on most of its oil exports, with almost three-quarters of Russian crude travelling without western insurance in August....
...Insurance companies like Prudential, MetLife and Allianz may push deeper into the alternatives market by striking investment partnerships with large private capital groups, or by acquiring them outright....
...Future of Asset Management North America Hosted by the Financial Times, in collaboration with Ignites and FundFire, Future of Asset Management North America is taking place on September 27-28 at etc.venues...
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...In a speech earlier this year, the Bank of England’s Prudential Regulation Authority, which oversees insurance companies, called for moderation “in the face of considerable temptation” to do deals....
...managing director of tax liability insurance and transactional risk at Marsh McLennan....
...On the insurance side, none of the public insurers are close to the 10% limit, which means it would probably be a heavy lift for them to scale up to maintain eligiblity....
...Bank of America has come under fire from environmentalists for changing its tune on Arctic drilling and coal power plants....
...Globally, insurance companies manage assets of about $44tn, according to the International Association of Insurance Supervisors....
...Higher rates wiped almost $7bn from the company’s “embedded value” last year. Embedded value is a key metric in insurance. It is also controversial....
...The rest — about 90 per cent — never touched Emirati soil, instead flowing from Russian ports directly to new buyers in Asia, Africa and South America as part of one of the biggest redirections of global...
...They are using well-known, well-tested insurance companies to kind of underwrite those cargoes....
...The designation would hinge on FSOC’s determining that “material financial distress at the company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the company...
...Data compiled by NAIC shows CLO holdings of insurers have surged to more than $200bn, though that figure represents only about 3 per cent of the aggregate investment portfolio of the companies in the insurance...
...“The EU is implementing Basel III in a way that these requirements apply to all banks — that provides an additional layer of safety in the prudential regulation of EU banks,” said Dombrovskis....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...He suggested that the PRA could take a closer look at defined benefit pension funds, given that so many of them end up transferring their liabilities to insurance companies that are then under its purview...
...That’s fine, provided shippers trading the ESPO oil out of Kozmino at such prices are not using western insurance....
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