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...MS Amlin, one of the biggest Lloyd’s of London insurers, plans to expand in areas such as marine cover and liability insurance after spending three years repairing its underwriting profit margins....
...UK businesses are offloading about £50bn a year in pension liabilities to insurers, after rising interest rates improved pension scheme funding levels and fuelled activity in this market....
...The so-called pensions lifeboat takes over the assets and liabilities of failed companies’ pension schemes....
...and liabilities to reinsurers, often based in Bermuda....
...Would the government have the appetite to take on this liability?”...
...“[Regulators] worry about the timescale of life insurance liabilities which can last for 20 or 30 years, whereas a private equity manager is looking at a much shorter timeframe for its returns,” said Andrew...
...It can step into a void of traditional banks and insurers otherwise burdened by previous mis-steps....
...The ship’s lead liability insurer, Britannia P&I, said on Thursday it was “working closely with the vessel’s owner and manager and the relevant US authorities as part of the investigation into the casualty...
...Its liabilities increase by the same amount (through IMR), so the insurer doesn’t see a sudden jump in surplus capital. One quirk of this rule: Insurers’ aggregated IMRs couldn’t fall below zero....
...liabilities....
...This gave them access to a vast amount of assets that could be steered into private credit and other higher-yield assets to match insurers’ long-term liabilities....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Corporate bonds are attractive to insurers, say industry executives, as they can use them as a match for their liabilities under solvency rules....
...A wave of corporate pension deals, in which the insurer takes over the assets and liabilities of company schemes, lifted the retirement division, while the retail business dimmed slightly because of a lower...
...Claims could span property and cargo damage, third-party liabilities and business interruption, said Mathilde Jakobsen, senior director at AM Best, an insurer rating agency, and would “add to the increasing...
...Even as insurers have benefited from sharply raising premiums, increasing “convective” (severe) thunderstorms or hurricanes are making insurance another business facing day-to-day climate risks....
...they parcel off some or all of the liabilities, along with the assets backing them....
...Insurance Australia Group, one of the main insurers to Greensill Capital, has said that rival Tokio Marine and broker Marsh McLennan should share in any liability if investors in the failed lender win a...
...Royal London, another UK life insurer, said Friday it would enter the bulk annuities market in earnest....
...Higher rates mean insurers need to hold less capital against liabilities anyway. But shedding life exposures will also mean lower targeted capital and a surplus for shareholders....
...Insurers sometimes “cede” assets and liabilities to reinsurers in order to manage their balance sheets....
...Rising bond yields lower the market value of the assets insurers hold to match their liabilities....
...This year it did the biggest UK deal of its kind, when general insurer RSA offloaded £6.5bn of liabilities to the group....
...The FTSE 100 insurer will take on the assets and liabilities of the scheme, which covers 53,000 current and future retirees, in one of the largest-ever such transactions in the UK....
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