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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...
...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...
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
..., such as professional indemnity, to be structured for ILS investors....
...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 business model based on user subscriptions or merchant acceptance fees is unlikely to generate sufficient margins given low or no transaction cost alternatives such as cash....
...Doctors who spoke to the Financial Times said Bupa’s fees had not improved meaningfully since the 1990s and lagged well behind inflation....
...Refining and expanding this technology seems a sensible insurance policy in uncertain times....
...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...
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...This would help people who struggle to type quickly, but public acceptance will rest on whether such innovations make people’s lives easier....
...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...
...The strength of the roofs as well as their aesthetic properties are among the reasons why Bermudian Guilden Gilbert, president of building company The Bermuda Roof, began importing the style to the Bahamas...
...Skinner was a veteran of the marine protection and indemnity industry, according to industry publication TradeWinds....
...If its listing is well received, it may spur a wave of IPOs....
...biggest shipping insurers has warned of the growing risk of a disastrous oil spill after the knock-on effects of sanctions on Russia left thousands more ships without third-party liability cover from “well-tested...
...Over the past few years, he says his clients in Singapore have started to view pre-nups less of a taboo topic and more of a form of insurance....
...Some asylum seekers are staying in a squat on Brussels’ Rue de la Loi, just next to the headquarters of De Moor’s party, CD&V....
...Although the price-cap mechanism allows western companies to continue to underwrite such cargos, it has become harder for shippers to get some types of insurance....
...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...
...Rising labour costs and shortages, IR35 tax changes, the removal of the red diesel rebate and rising personal indemnity insurance costs have also affected profitability....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...One oil industry participant with knowledge of the situation said Russian insurance companies had provided the requested letters of confirmation to Turkish authorities....
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