Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3 (5 lettori)

russiabond

Contadino della finanza. Follow your destiny.
.

23.PNG
 

frmaoro

il Fankazzista
Ordine nr. 2584
Acquisto 100.000 Banca Monte dei Paschi di 8% FRN 2020-30
Prezzo Limite
Limite 59,95%
Validità Giornaliera
Scadenza 23/04/2020
Stato Eseguito totale

Stato Quantità Prezzo Data Ora Canale
Inviato --- --- 23/04/2020 16:22:24 ProTrader
Accettato --- --- 23/04/2020 16:22:24
Eseguito totale 100.000 59,95% 23/04/2020 16:22:24
 

apaci2

Ad bestias
  • EU LEADERS' TALKS END WITH NO AGREEMENT ON RECOVERY PACKAGE
  • FOUR FRUGAL EU COUNTRIES OPPOSE GRANTS, NORTHERN CAMP WANTS RECOVERY AID LINKED TO NEXT EU LONG-TERM BUDGET - DIPLOMATIC SOURCES
  • EU LEADERS AGREE ON NEED FOR CORONAVIRUS RECOVERY SUPPORT, TASK EU COMMISSION TO ASSESS NEEDS, PROPOSE NEW BUDGET AND WAY TO FINANCE RECOVERY - DIPLOMATIC SOURCES
Con calma c'è tempo, meglio non essere precipitosi
 

Cat XL

Shizuka Minamoto
Per quelli che pensavano che il mondo assicurativo fosse insulated dal Covid-19

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
Subscribe to read | Financial Times

Lloyd’s of London boss John Neal has said that the coronavirus pandemic is likely to be the most expensive event in history for the insurance industry, dwarfing other major disasters such as Hurricane Katrina in 2005 and the 9/11 terror attacks. Insurers are set to pay out on a wide range of policies, from event cancellation to management liability, although there are growing disputes about the extent to which they will compensate for business interruption. Mr Neal told the Financial Times that the pandemic was “no doubt the largest insurance challenge the industry has ever faced, I think by some way”. “You’re into tens of billions, if not hundreds of billions of loss that will be discussed over time.” He said that payouts to customers would be higher than the $50bn figure for Hurricane Katrina. “The chances of the market making anything other than a notable loss in 2020 are zero.” On top of paying customer claims, insurers are also likely to have to refund some premiums because of the general downturn in business. “Lots of insurance policies adjust economically . . . based on turnover or wage roll or utilisation,” Mr Neal said. That will lead to hundreds of millions of pounds of premiums being returned by insurers. The industry has been criticised for its stance on business interruption claims. Insurers say that standard policies exclude pandemics, but customers and their lawyers say that there are sound reasons to expect a payout. On Thursday, the Hiscox Action Group, a 200-strong group pursuing claims against the insurer, said that it had appointed law firm Mishcon de Reya to handle its claims, and was in talks with a litigation funder to finance legal action.

Hiscox has consistently said that its small-business policies do not cover pandemics. In a statement on Wednesday, it said that it was willing to work with “the UK insurance industry, its regulators and its customers to seek means of expediting resolution”. The Action Group said that it could demand additional damages on top of the insurance payouts. Legislation from 2016 allows businesses to claim damages from insurers for late payment. Lawyers say that there have been no successful claims for late payment damages since the law was introduced, but that it could be used now. “It is a risk that insurers should be taking into account,” said Richard Mattick, a lawyer at Covington & Burling. Mr Neal urged insurers to deal with the business interruption issue: “Let’s get mechanisms in place quickly so that if there is a dispute it doesn’t go for months if not longer.” He added that insurers needed to come to an agreement with the government about how any second wave of coronavirus cases could be covered. “We’ve got weeks, not months to resolve some of these immediate issues.” Lloyd’s has set aside £15m to fund research into how pandemics and other big events can be better dealt with in future.

Subscribe to read | Financial Times
 

Users who are viewing this thread

Alto