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...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...It is continuing to provide cover to ships transiting the Red Sea, for which insurance rates have jumped as the Houthi rebel group has attacked commercial ships....
...Stan Deal, head of the commercial planes division since 2019, was immediately replaced by chief operating officer Stephanie Pope....
...Continental European commercial property insurance prices rose at the start of the year for the 22nd consecutive quarter, according to an index from broker Marsh....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the fourth quarter of 2023, the 25th consecutive quarter of rate increases....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...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....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...The PLD impact assessment estimated annual payouts from the reformed system could reach €217mn and insurance costs for companies rise around 10 per cent....
...“[The union] campaigns on ‘look at what Ford got’,” Belcher said. “They’ve really been pushing $40 [an hour] and free health insurance.”...
...Poste Italiane has excess insurance capital and has hedge protection from interest rate volatility....
...The area of private medical insurance that has seen the strongest growth has been in the number of people taking out personal cover, according to a survey by Statista Consumer Insights, a research company...
...Others caution that the number of stakeholders involved could complicate CVC’s ambitions of setting up a single management company akin to F1, which the firm owned until early 2017....
...Price pressures also picked up, as services companies passed on higher wage costs....
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
...into bank parent companies....
...That doughty — somewhat dull — Canadian insurance company known as Manulife does not often attract attention. This week, however, it caused a frisson in the real estate world....
...In the chart, Commercial Union is listed as still in the FTSE 100, but General Accident is listed as acquired.— Royal Insurance and Sun Alliance & London Insurance merged, forming the company that would...
...a borrower is at least 30 days late, according to filings to the Federal Deposit Insurance Corporation....
...Axa’s new strategy and bet on rising commercial insurance prices marks a shift from the group’s last three-year plan, which focused on building up health insurance sales....
...An outright ban on zero-hours contracts would be controversial even among trade unions....
...The US commercial real estate market, which has taken a hit from companies shifting to remote work over the pandemic, had once been seen as a safe place for return-starved Japanese lenders....
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