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...“If you look at any index, any platform, you’d expect that [private investor share] to be higher,” Lloyd’s chief executive John Neal told the Financial Times....
...“If they are successful, that will send a strong signal both to Korean companies and to foreign investors that it is possible for them to co-operate.” Additional reporting by Andy Lin in Hong Kong...
...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...Berkshire’s line-up of managers, however, is to P/C insurance what Cooperstown’s honorees are to baseball.”...
...Tim Rourke, UK head of P&C pricing, product, claims and underwriting at WTW, said the data suggested “the relentless rise in prices may finally be turning a corner”....
...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....
...If they want to start rebuilding the bridge, Chubb can help to pay for that. And then it can get into the right arguments over who it recovers from, when and how much.” Chubb declined to comment....
...The expense ratio — 34.4 per cent last year — is likely to fall by two percentage points over the next few years, says S&P....
...Combs’ background is insurance; the 53-year-old got his start at Progressive....
...Further complicating matters, specialised insurance firms have also written contracts protecting some bondholders from a default....
...If you intend to do these types of activities you may be better off buying specific travel insurance for your trip....
...Berkshire and the S&P 500 If your entire equity portfolio had to be in either the S&P 500 or Berkshire Hathaway, which would be the better choice?...
...But otherwise, give me a V-sweet C-suite job any time. As if anyone would....
...Most agree that an insurance sector that took in about $12bn in premiums last year, according to figures from S&P Global Ratings, is by no means large enough to cover a systemic cyber attack....
...Yet shares of insurers such as Allstate, Progressive and AIG are down between 3 per cent and 22 per cent this year, while the S&P 500 has climbed 16 per cent....
...At nearly 12 per cent it dwarfs the 7.5 per cent that US high-yield bonds pay, and is close to the effective yield of super-junky triple-C bonds....
...In plain English: hackers secretly install themselves inside infrastructure and lie low, so they can create massive future disruption if — or when — desired. This “prepositioning” is hard to see....
...The firm’s ties to A-Cap, an insurance group led by chief executive Kenneth King, have also raised concerns....
...“Obviously they’re different industries, but if you’re going to recruit people to a new platform, it’s helpful to have a team excited by a bold new opportunity,” he said. “It’s a similar road map.”...
...If S&P are right, Austrians will be seething that once again their day of reckoning is being postponed, if only temporarily....
...If the Mag 7 are expensive, the market is expensive....
...The pledge comes three years after the insurance market apologised for its role in the trade, which included extending crucial insurance to voyages and even insuring slaves as cargo....
...It was not immediately clear if prosecutors will appeal against the verdict. Samsung declined to comment....
...The stock of China Life Insurance, the largest, has risen about a fifth in the past year to trade at 6.5 times forward earnings according to S&P Global....
...Some would probably argue that more information is not the same as better information . . . but c’mon....
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