IMF raises alarm over ‘contagion’ from personal capital in life insurance coverage

Keep knowledgeable with free updates Merely signal as much as the Non-public fairness myFT Digest — delivered on to your inbox. The IMF has urged regulators to bear down on the liquidity dangers offered by life insurers linked to personal capital teams, warning of potential “contagion” to the broader monetary sector and the true financial…

US calls for local weather information as insurers make cowl unaffordable

Unlock the Editor’s Digest without spending a dime Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter. The US authorities is demanding information from US insurers because it probes whether or not extra frequent and excessive hurricanes and wildfires are making insurance coverage unaffordable for American owners. Insurers might be…

Greensill insurer IAG turns hearth on rivals in battle over investor losses

Unlock the Editor’s Digest without spending a dime Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter. Insurance coverage Australia Group, one of many most important insurers to Greensill Capital, has mentioned that rival Tokio Marine and dealer Marsh McLennan ought to share in any legal responsibility if buyers within…

Why are my insurance coverage prices rising — and what can I do?

Unlock the Editor’s Digest totally free Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter. Insurance coverage firms have pushed up the prices of defending houses, automobiles and valued possessions from loss and harm. Motor insurance coverage costs hit a file excessive this yr after premiums skyrocketed by 61 per…

Is state intervention wanted for cyber insurance coverage?

Unlock the Editor’s Digest totally free Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication. Hackers sneak malicious code into world funds software program that spreads quickly to tens of 1000’s of companion networks at banks and all through the monetary sector. This opens a again door for the attackers…

Insurer physique plans infrastructure fund for climate-hit economies

Keep knowledgeable with free updates Merely signal as much as the Local weather change myFT Digest — delivered on to your inbox. The Insurance coverage Growth Discussion board, a World Financial institution and UN-backed partnership of insurers and worldwide our bodies, plans to boost an infrastructure fund of a whole bunch of tens of millions…

UK insurance coverage brokers again transfer to chop prices for leaseholders

Unlock the Editor’s Digest without spending a dime Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter. 5 UK insurance coverage broking teams have signed as much as a pledge to cease sharing buildings insurance coverage commissions with landlords and to cap their very own charges, in a transfer the…

UK house insurance coverage costs set to leap after dire 12 months for underwriters

Unlock the Editor’s Digest without cost Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter. UK house insurance coverage costs are anticipated to rise by greater than a 3rd over the subsequent two years, in response to a brand new forecast, as insurers reply to their worst 12 months for…

Security testing group UL Options goals for IPO as quickly as subsequent month

Unlock the Editor’s Digest totally free Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication. UL Options, a Chicago-based security testing and certification group, is pushing forward with plans for one of many largest preliminary public choices of the yr regardless of a blended reception for current listings, with a…