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...Lemonade, whose shares have fallen more than 70 per cent since its first day of trading in New York in 2020, provides a range of insurance including for homes, pets and cars to customers in the US and Europe...
...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...
...in years....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...MS Amlin is targeting growth in areas such as marine insurance, one of its specialities....
...The Russian dark fleet’s insurance arrangements with Ingosstrakh potentially expose coastal states in Europe and Asia to huge potential clean-up costs in the event of a spill....
...Eiopa is helping to foster public-private schemes in countries including Italy that can ultimately make insurance more affordable and accessible....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...UK car insurance prices fell at the start of 2024 in the first quarter-on-quarter drop in more than two years, signalling some relief for households after costs hit an all-time high....
...UK car insurance prices fell at the start of the year in the first quarter-on-quarter drop in more than two years, signalling some relief for households after costs hit an all-time high last year....
...Some worry about what might be missed in a lighter-touch more automated process, given the significant downside of mispricing insurance....
...In some of the worst-hit areas of the US, several insurers have pulled back from offering home insurance, contributing to an affordability crisis....
...Private health sales rose 41 per cent in 2023, as Aviva continued to benefit from strains on public healthcare. Premiums from its general insurance division, which includes car insurance, also grew....
...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....
...Lloyd’s boss John Neal told the Financial Times that the incident had the potential to produce the largest marine insurance claim in history, topping the crash of the cruise ship Costa Concordia in 2012,...
...Lloyd’s has also made progress in reviving face-to-face trading. The work-from-home trend made for a listless atmosphere at its City headquarters....
...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”....
...Aviva is re-entering Lloyd’s of London for the first time in more than two decades to boost its exposure to the thriving commercial insurance market....
...It is “agnostic of location”, one senior insurance figure in the UK said. “[Private equity owners] will pop up in any jurisdiction, they will chance their arm.”...
...Bilal Mirza, commercial litigation partner in the London office of law firm JMW Solicitors, says whenever you travel it is vital to have appropriate and adequate travel insurance....
...He said last year’s 2p cut from national insurance had put 94,000 more people in work, filling more than one in 10 vacancies....
...Ageas has 44,000 employees in 13 countries. 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....
...Chancellor Jeremy Hunt said there were alternatives to a future abolition of national insurance, including combining it with income tax, a day after he announced a further 2p cut to the rate of NI in his...
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
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