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...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...
...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...
...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
...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....
...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...
...Energy Source is written and edited by Jamie Smyth, Myles McCormick, Amanda Chu, Tom Wilson and David Sheppard, with support from the FT’s global team of reporters....
...It should remove the need for expensive regulatory approvals, insurance and safety provisions that in contrast add costs to new fission power plants....
...Additional reporting by Ian Smith, Insurance Correspondent...
...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...
...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....
...Both companies used US-based service providers while shipping the oil....
...The second legal action claims there was a potential conflict in Tripathi’s “close connection” to another company — dubbed “Co V” — which was regularly invoiced by Signifier for “items that were not properly...
...Tom Wilson in London...
...Energy Source is written and edited by Jamie Smyth, Myles McCormick, Amanda Chu and Tom Wilson, with support from the FT’s global team of reporters....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...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...
...Wilson is relatively sanguine. “I’m not trying to hide the fact that I want to have children at some point. This is an insurance policy, but it might not work.”...
...Wilson, who is standing down at the end of the year after more than a decade in charge of the FTSE 100 insurance group, has told friends he has “one more big job” in him....
...Wilson, who also started out at McKinsey and had served in executive roles outside of insurance before joining the group in 2009, will remain as chief executive until January, working with Simões on the...
.... — Patrick Temple-West Sustainable development A new way to take the heat out of climate-related insurance How can we reverse the exodus of insurance companies from cities vulnerable to climate risks...
...Despite the discomfort of King George V — whose cousin the Tsar had been executed by the Bolsheviks — Labour formally recognised the Soviet Union....
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