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Cheap Financing Bonanza Over, Leasing Boss Tells Airlines
Date: May 9, 2022
DUBLIN (Reuters) – Airlines have been warned that the days of abnormally cheap financing costs are over, pointing to higher lease rates amid changes in the way risk is managed after the war in Ukraine. New money has poured into aviation over the past decade as investors sought refuge from low bond rates in the...
Beazley Earmarks $50 Million for Likely Losses From Ukraine Conflict
Date: May 6, 2022
(Reuters) – Beazley Plc said on Friday it had set aside about $50 million for expected losses related to the Russia-Ukraine crisis, after the British insurer reported a surge in quarterly gross written premiums. The British insurance industry had been recovering from hefty pandemic-related claims, thanks to rising premium rates, before sanctions on Russia and...
The ‘s’ in ESG’s Impact on M&A & How to Mitigate Risks
Date: May 5, 2022
By Rusty Wiley, Chief Executive Officer of Datasite Strong environmental, social, and corporate governance (ESG) is increasingly viewed as a mark of business quality and a favorable predictor of long-term revenue by global regulators, investors, customers, and employees. In turn, ESG is also becoming a more vital part of mergers and acquisitions (M&A) strategies. For...
SocGen Boosts First-Quarter Income but Costs of Ukraine War Rise
Date: May 5, 2022
PARIS (Reuters) -French lender Societe Generale beat first-quarter earnings expectations on Thursday but booked higher provisions for loans turning bad as the economic impact of the war in Ukraine hits its customers. France’s third-biggest listed bank said net income rose 3.4% to 842 million euros ($892 million) with revenue up 16.6% as its domestic retail...
Insurer Hiscox Sets Aside $40 Million for Possible Losses From Ukraine Crisis
Date: May 5, 2022
(Reuters) – British insurer Hiscox said on Thursday it has set aside $40 million for expected losses due to possible claims arising from Russia’s invasion of Ukraine, joining peers in quantifying the hit from the conflict. The Lloyd’s of London insurer said the provisions were for expected losses mainly through its political violence, war and...
Don’t Assume ‘imperialistic’ Putin Won’t Attack Other Countries, Scholz Says
Date: May 3, 2022
BERLIN (Reuters) – German Chancellor Olaf Scholz said on Tuesday no-one could assume that Russia would not attack other countries given its violation of international law in Ukraine and Germany would support Finland and Sweden if they decided to join NATO. Russia’s invasion of Ukraine broke the post World War Two order and was forcing...