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...The pet insurance business, which includes about 20 brands, will eventually be folded into the broader insurance platform....
...The chief executive of Aon, one of the world’s largest insurance brokers, has called for better modelling of climate risks, saying conditions in the property insurance market were “stressed” after a surge...
...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...High spending on customer acquisition has been a concern for investors in Lemonade and other insurance start-ups....
...It prompted the FCA to call on insurance chief executives to deal with outstanding disputes in the “cheapest and quickest way possible”....
...Although JAB has some exposure to the insurance business already — namely, through a stable of pet insurance companies — it’s limited....
...Rana Foroohar’s column “The home insurance crisis crippling the US” (Opinion, April 29) is both timely and illuminating....
...Lloyd’s is the world’s oldest insurance marketplace, and its chief executive John Neal told me that the home insurance market, particularly in coastal America, “has reached a tipping point”....
...Big insurance contracts are syndicated, meaning that the lead insurer shares the losses with other firms, even if it sends the initial cheque. Chubb declined to comment....
...Under such schemes, governments share losses from natural disasters with the insurance sector, or create structures to pool risk....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Motorists were quoted £941 on average for an annual insurance policy between January and March, according to a widely watched index of price comparison site quotes published by Confused.com and insurance...
...According to filings with insurance regulators reviewed by the Financial Times, the unit ultimately bears much of the risk that individual Berkshire insurance subsidiaries take....
...It is the second big transaction by a private capital-backed firm to take on long-term life insurance business that has failed in recent months....
...All this data combined is used to decide whether to offer insurance cover and at what price....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Premiums from its general insurance division, which includes car insurance, also grew....
...In 2018, his government rolled out a public insurance policy to cover about 120mn low-income households....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the final three months of last year, the 25th straight quarter of increases....
...“The good news here is the insurance is in force,” said Neal on Thursday. “The boat is insured, the bridge is insured, the port authority is insured.”...
...“As risks increase because of climate change, we will need insurance more than ever, but access to insurance may become more limited,” warns Wellcome’s Thomson....
...MPs last year blamed regulatory foot-dragging for London losing out on $700mn of insurance-linked securities that went to Singapore....
...“The dividend is back [above] 51 cents, plus the Canada payment, so the insurance fund is now receiving the kind of money it identified in the first place when it bought,” said a person close to Ping An....
...A 2p cut to national insurance was the main talking point coming into Jeremy Hunt’s Budget speech. He duly delivered that, saying it was a move that would “grow our economy by rewarding work”....
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