Hints and tips:
...Argyle holds about 1 per cent of Catcher’s shares and is one of a number of its foreign institutional shareholders alongside Franklin Templeton, Singapore’s GIC and Cathay Life Insurance....
...The insurer is one of a number of such groups, including Tokio Marine and Zurich, that have refused to pay out on Greensill’s credit cover....
...Insurance Group FY Friday Germany: final Q4 GDP data and Ifo business climate survey Russia: Defender of the Fatherland Day....
...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....
...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...
...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...
...Zurich’s chief executive warned in December that cyber attacks were on their way to becoming “uninsurable” as disruption to society grows....
...Zurich, an insurance group, and Hannover Re, another reinsurer, left in April. Reinsurer Swiss Re also left earlier this week....
...It’s a big challenge but we need to start the exploration now,” says Juliane Glüge, an environmental scientist and PFAS expert with Swiss university ETH Zurich....
...Letter in response to this report: Listing HSBC Asia reduces risk if there’s a Taiwan war / From Tony SK Li, Hong Kong...
...The relatively small adjustments follow a busy spurt of dealmaking by Berkshire this year, including the $11.6bn takeover of insurance rival Alleghany....
...Warren Buffett’s Berkshire Hathaway purchased a $4.1bn stake in chipmaker Taiwan Semiconductor Manufacturing in the third quarter, vaulting a third tech company into the sprawling industrial conglomerate...
...Suggested reads Singapore’s Sea prepares move into Indonesia’s insurance sector (FT) MacBook, iPad suppliers’ April revenue plunges amid China lockdown (Nikkei Asia) Arm China’s renegade chief makes his...
...The company, backed by private equity group TDR Capital, is seeking £845m from MS Amlin, Liberty Mutual Insurance Europe and Zurich....
...Mr Greco said that the services he had in mind were not just traditional insurance policies....
...“As Greensill’s broker, Marsh Ltd. sought coverage from insurers, who made their own determinations about what risks to cover,” Marsh said....
...Ping An Sector: insurance / HQ: Shenzhen, China The Chinese insurance group reported its first annual fall in net profits for more than a decade in 2020....
...Zurich Insurance has built a $5.4bn impact investment portfolio that includes green bonds, social and sustainability bonds, private equity funds active in areas such as financial inclusion and clean technology...
...The company bought student insurance specialist Endsleigh from Zurich in 2018. Hg paid £250m for its 73 per cent stake, and will receive about £500m from the sale to Hyperion....
...Business owners’ hopes of making insurance claims for coronavirus disruption will rest on a court case in late July involving eight insurers — including Hiscox, Royal & Sun Alliance and Zurich — the City...
...But the insurers, which include Hiscox, RSA and Zurich, may decide to appeal to the Supreme Court. That appeal, even if fast-tracked, might take months, and could work to the companies’ advantage....
...The decision to look for a buyer for the rest of the business comes just six months after Mark Hartigan, a former Zurich executive, was appointed as LV’s chief executive....
...But the legal review would also consider business interruption policies underwritten by Axa, Touchstone and Zurich....
...Key data and events Monday Germany, industrial production (Dec) Taiwan, trade balance (Jan) Wednesday Mainland China, CPI and PPI (Jan) France, industrial production (Dec) US, consumer price index...
...In 2018, Zurich-based GAM was forced to liquidate a fund that had invested heavily in illiquid bonds that Greensill Capital had arranged for Sanjeev Gupta’s companies....
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