Generali govt warns on personal fairness funds in insurance coverage

Unlock the Editor’s Digest without spending a dime Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication. The finance chief of Italy’s greatest insurer has expressed issues about doubtlessly conflicting pursuits when life insurance coverage corporations are owned by personal fairness funds, as nervousness grows in regards to the penalties…

Jeremy Hunt to unveil expanded function for UK’s pensions lifeboat fund

Keep knowledgeable with free updates Merely signal as much as the Pensions business myFT Digest — delivered on to your inbox. The federal government is pushing forward with a controversial proposal to increase the function of the UK’s pension lifeboat fund because it seems for tactics to unlock billions of kilos of retirement fund capital…

Aon president warns towards ‘strolling away’ from main dangers

Unlock the Editor’s Digest without spending a dime Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication. The president of one of many world’s greatest insurance coverage brokers has warned that the business needs to be “very cautious” about offloading large international dangers comparable to cyber assaults and pandemics to…

London Spac ditches try to boost funds for insurance coverage deal

Unlock the Editor’s Digest free of charge Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter. A blank-cheque firm has deserted an try to boost as much as £300mn from London inventory market buyers for a brand new insurance coverage enterprise, in a setback for the UK market. Financials Acquisition…

Lloyd’s of London pledges $50mn over ‘central’ position within the slave commerce

Unlock the Editor’s Digest free of charge Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter. Lloyd’s of London has pledged $50mn to international improvement initiatives, as a part of a programme geared toward addressing lasting inequalities from the transatlantic slave commerce that it enabled. The pledge comes three years…

Disaster bond returns rebound as hurricanes miss US east coast

A light hurricane season in Florida and hovering rates of interest have propelled disaster bond returns to report ranges this yr, reversing a stoop within the costs of those area of interest debt devices late final yr. Disaster bonds had been first created within the Nineties as a approach of transferring threat from insurers to…

Greensill misled German regulator on insurance coverage deal, IAG claims

Unlock the Editor’s Digest without cost Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication. A big insurer of Greensill Capital has alleged the failed lender deceived German regulators in an try to cut back the capital necessities of its Bremen-based unit. Insurance coverage Australia Group, which is being sued…

Warren Buffett’s Berkshire cuts shares for fourth straight quarter

Unlock the Editor’s Digest without spending a dime Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication. Warren Buffett’s Berkshire Hathaway continued to dump stakes in publicly traded firms, shedding greater than $5bn of publicity to US and international shares within the third quarter because the agency struggled to seek…