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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....
...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...The chief executive of Aon, one of the world’s largest insurance brokers, has called for better modelling of climate risks, saying conditions in the property insurance market were “stressed” after a surge...
...Lemonade, whose shares have fallen more than 70 per cent since its first day of trading in New York in 2020, provides a range of insurance including for homes, pets and cars to customers in the US and Europe...
...This part of the insurance industry has been hit by four consecutive years of outsized losses from extreme weather....
...In Maine, the former president had 72 per cent of the vote with 12 per cent of ballots counted. Trump had 62 per cent of the votes in Massachusetts as 3 per cent of votes were tallied....
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
...Reinsurers “need to feel that it is not just about selling insurance and making a profit. It’s about responsibility as part of society”, Hielkema said....
...Voting booths in seven states have closed, marking the end of polling in almost half of the states taking part in Super Tuesday....
...Insurance companies have lifted prices drastically in the past couple of years after spiralling inflation in their claims costs — as items such as car parts and second-hand cars became much more expensive...
...Chinese telecoms company Huawei has reported its highest revenues in three years after weathering the “storm” of a barrage of sanctions from Washington....
...Some polls in Maine have just opened (although most in the eastern state have been open for several hours), while Alaska will be next — and last — of today’s states to kick off its caucus when voting begins...
...It will enter the US in Texas and pass through Oklahoma, Arkansas, Missouri, Illinois, Kentucky, Indiana, Ohio, Pennsylvania, New York, Vermont, New Hampshire and Maine, according to Nasa....
...to obtain the full amount from an insurance company....
...Apollo Global Management’s profits rose sharply at the end of last year, bolstered by quickly rising assets under management and high spreads it earned managing insurance premiums....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...The former president’s team had spent “countless hours negotiating with one of the largest insurance companies in the world”, the lawyers wrote, but had concluded that “very few bonding companies will consider...
...Some of them had planted smooth carpets of green moss along their driveways, an echo of Kyoto off the coast of Maine....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...The New York attorney-general has urged a judge to force Donald Trump and his businesses to pay $370mn for inflating the value of his real estate empire by billions of dollars over the course of a decade...
...“Trump is actually popular,” said Federico Rosario, 40, a father of three, who works in insurance sales. “If you ask me, the country was better when Trump was [in the White House].”...
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
..., New York and New Jersey....
...BlackRock has 10 per cent or more of the shares in 38 bank holding companies that are supervised by the US Federal Reserve or the Office of the Comptroller of the Currency but which own FDIC-supervised banks...
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