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United States

Carolyn Cohn

Lloyd's calls for state-backed 'Black Swan' reinsurance

Jul 01 2020

LONDON "Black Swan" reinsurance schemes backed by governments could help businesses get insurance pay-outs after huge shocks such as the coronavirus pandemic, Lloyd's of London [SOLYD.UL] said.

Game over for sports betting on coronavirus insurance

Jul 01 2020

LONDON Major sports events working to get back up and running after the coronavirus crisis are likely to have to do so without cancellation insurance for communicable diseases as insurers remove cover or ramp up the cost.

Policyholders to join UK watchdog in case against insurers

Jun 26 2020

LONDON Hiscox , QBE and Aviva policyholders can join Britain's markets watchdog in a High Court case to decide which insurers should pay out to businesses shut by the coronavirus pandemic, a judge said on Friday.

Hiscox policyholders bid to join watchdog in UK insurance test case

Jun 24 2020

LONDON An action group representing almost 400 British businesses shut by the coronavirus pandemic has made a bid to team up with Britain's markets watchdog to bolster a High Court case to decide which insurers should pay out.

Hiscox policyholders bid to join watchdog in UK insurance test case

Jun 24 2020

LONDON, June 24 An action group representing almost 400 British businesses shut by the coronavirus pandemic has made a bid to team up with Britain's markets watchdog to bolster a High Court case to decide which insurers should pay out.

UK watchdog proposes extension to consumer credit payment holiday

Jun 19 2020

LONDON Britain's markets watchdog on Friday proposed enabling some consumers to extend a payment freeze on their credit cards by a further three months as part of measures to support borrowers in difficulties because of the coronavirus crisis.

Asset managers keep $7.5 billion in UK property funds frozen on valuation uncertainty

Jun 16 2020

LONDON Six asset managers including M&G and Legal & General said they were keeping property funds totalling more than $7.5 billion in assets frozen as valuers continue to struggle to assess real estate due to the coronavirus crisis.

Metro Bank in exclusive talks to buy peer-to-peer lender RateSetter

Jun 15 2020

LONDON British challenger bank Metro is in exclusive early stage talks to buy peer-to-peer lender RateSetter, the bank said on Monday in response to media speculation.

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