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The dispute centers on a Feb. 14 court order, which stayed an earlier emergency order issued by the Utah Insurance Department on Dec. 2, 2024. That emergency order had restricted the operations of three A-CAP-affiliated entities: Sentinel Security Life Insurance Company, Haymarket Insurance Company, and Jazz Reinsurance Company.
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[ad_1] In response, Central Huijin Investment Ltd., a unit of China’s sovereign wealth fund, said it has sufficient liquidity and smooth funding channels to serve as a market stabiliser. The People’s Bank of China followed with an announcement that it would make refinancing tools available to Central Huijin to support its liquidity needs. [ad_2] Source…
[ad_1] The U.S. apparel market spans a wide range of segments—from sportswear and businesswear to discount and luxury fashion. With 2024 revenue reaching approximately $359 billion, the industry continues to grow and thrive, offering lucrative opportunities for clothing vendors for boutiques. Working in the industry is not without challenges, however. Boutiques can face operational hurdles…
[ad_1] Moreover, the strong and consistent earnings of these insurers have contributed to their robust capital positions. Zurich and Chubb have shown strong capital generation capabilities despite external challenges, including catastrophe claims, the COVID-19 pandemic, inflationary pressures, and rising interest rates. AXA, through its transformation efforts, has also improved its capital generation, with its Solvency…
[ad_1] The Meet the Executive Series welcomes Sun Life’s Irlande Audenier, in association with NAAIA. In this interview, she talks about her career journey, how to attract more talent from the African-American community, and what she would change about the insurance industry. [ad_2] Source link
[ad_1] “Leveraging our European expertise, we are excited to provide US residents travel protection should they be applying for a Schengen visa or embarking on their summer getaway,” said Blessy George, head of North America, AXA Partners. “AXA Partners US is able to offer our customers essential coverage at a reasonable price.” [ad_2] Source link
[ad_1] In the US, operating DPW declined 3%, mainly due to the non-renewal of a large account. The region’s combined ratio improved slightly to 86.8%, helped by rate momentum across most lines. In the UK and Ireland, operating DPW fell 4% as portfolio remediation efforts continued. The combined ratio in that segment rose to 97.6%,…
