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...Greensill, which was founded by Australian financier Lex Greensill and counted former UK prime minister David Cameron as an adviser, collapsed in 2021 after failing to secure new insurance cover for the...
...The Trump Organization had approached 30 surety companies — including Allianz, Axa, Berkshire Hathaway, Chubb, Munich Re, Swiss Re and Zurich — via four separate brokers, to no avail, they added....
...Michel Liès, chair of the IDF’s steering committee and of insurance group Zurich, said the climate summit would be an opportunity to spread the message that it would be better to spend money on prevention...
...Some insurance start-ups, such as Lemonade, have built their claims processes using AI, which can result in payouts being made on the spot....
...In 2019, Zurich initially denied a $100mn claim from food company Mondelez, arising from the NotPetya attack, on the basis that the policy excluded a “warlike action”. The two sides later settled....
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...Insurance group Zurich has accused financier Lex Greensill, steel magnate Sanjeev Gupta and certain of their companies of a “conspiracy” to deceive its underwriters and create sham debts....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Rising commercial insurance prices also lifted rival insurance group Zurich, which reported on Thursday a record adjusted operating profit of $7.4bn, topping analysts’ expectations....
...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...
...In December, insurance group Zurich’s chief executive warned that cyber attacks were on their way to becoming “uninsurable”....
...Mario Greco, who heads Swiss insurance company Zurich, attacked the “lack of political support” from the US and other governments for taking action on climate....
...The UK’s market is centred on Lloyd’s of London, which is a hub for negotiation of these policies, while Switzerland is host to big insurance and reinsurance groups such as Zurich and Swiss Re....
...The company collapsed two years ago after its insurance expired, sparking a political and financial scandal....
...Julia Sommer, who worked in London as a political risk underwriter for the Zurich-based insurance and reinsurance group until she was made redundant two years ago, had her complaints for sex discrimination...
...Zurich’s P&C business also suffered from higher claims in US crop insurance, where dry weather hit yields. Greco highlighted the recent drought in Nebraska....
...Greensill’s insurers, which include BCC’s former parent Insurance Australia Group, Tokio Marine and Zurich are refusing to pay out on the company’s credit cover....
...Also, February industrial production figures Results: Berkeley Group trading update, HelloFresh FY, Mercedes-Benz FY, Volution Group HY, Zurich Insurance Group FY World events Finally, here is a rundown...
...Insurance certificates for two US coal mines list Zurich-based reinsurance leader Swiss Re and US insurer Liberty Mutual as providing insurance cover for the operators of projects in Wyoming and Montana...
...It has made an annualised return of about 15 per cent since 2015 when it bought the company from insurers Zurich Insurance and Aegon. 7IM — named after its seven founders — has grown over the past eight...
...For Montgomery in Hungerford, gold is a must-have insurance policy for investors to protect themselves against an end to the equity and crypto mania....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Each year, the WEF asks 1,500 of its “community” — elite business leaders, academics, politicians and so on — to cite key risks, and then crunches that with Marsh McLennan and Zurich Insurance Group....
...News round-up Freshfields’ former tax partner sentenced to 3½ years in jail (FT) Zurich’s sale of $20bn life insurance book to PE-backed group collapses (FT) Sotheby’s cleared of art fraud in Russian...
...Angehrn, a 14-year veteran of Zurich Insurance who spent some of his early career at Credit Suisse, was widely liked among international peers even as Swiss policymakers faced backlash over their decisions...
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