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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...followed reporting by the Financial Times that Dubai-based Paramount Energy & Commodities DMCC had traded a type of Russian oil last year that routinely priced above the G7 cap, while using western-based insurance...
...“Both sides have consistently conducted co-operation in the field of natural gas based on the principles of mutual respect and mutual benefit,” the ministry said in a statement to the FT....
...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...The increase was mostly due to higher adjusted pay and benefits, according to the company’s earnings commentary....
...We intend to challenge this ill-conceived and incorrect measure,” a spokesperson for Troost and the Geneva-based company said on Thursday....
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...No longer Greek, the tanker is managed by a Chinese company based in the city of Dalian, flies a Liberian flag and no longer holds insurance from a western provider....
...The change is designed to make it harder for companies to circumvent the restrictions by pricing the oil under the cap and then clawing money back through inflated fees for shipping, insurance and other...
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...It should remove the need for expensive regulatory approvals, insurance and safety provisions that in contrast add costs to new fission power plants....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...Additional reporting by Ian Smith, Insurance Correspondent...
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
...Wilson blames the UK’s chronic lack of investment for stagnant real wages and low productivity....
...measures against individual companies and operators....
...Analysts said the company had put up less capital against these deals than expected....
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