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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....
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...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”....
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...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...
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...john.gapper@ft.com...
...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,...
...He said the old model, where they earned 1.5 per cent above returns promised to policyholders largely by buying low-risk bonds, was insufficient to cover their cost of capital and that 2 to 3 per cent would...
...Last year, the market’s chief executive John Neal said he wanted to “get Monday back”, echoing other finance executives who are trying to increase workers’ time in the office....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Read up on those transactions in the piece, as well as one relatively opaque deal that hasn’t gotten any media attention at all: an $82bn dividend Berkshire’s biggest insurance unit paid the parent company...
...The market’s return on capital was just 3.6 per cent since 2017, even taking account of last year’s 25 per cent return....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...On Thursday, she said “it’s been the most extraordinary privilege” chairing the company but did not comment further on the process....
...Even though Barotz could be seen to have participated in the scheme, having immediately received 3 per cent of the face value of insurance taken out, it didn’t invalidate Delaware’s public policy against...
...Lending can also be structured to mimic the effective price-insurance provided by acquisition authorities....
...into bank parent companies....
...But Direct Line shareholders would still be taking half the £3.1bn value in Ageas equity....
...The FTSE 250 company, which runs 39 hospitals as well as clinics and medical centres, said it was also benefiting from a strong rebound in corporate private medical insurance as more employers take out policies...
...Other health insurance companies, such as Humana, have also warned of rising medical costs....
...“This portfolio is exactly what I would want DOE to do,” Dell said. “This is great. They are doing all the things.”...
...Waitrose is only slightly ahead of M&S in the grocery market, with a 3.6 per cent market share this month versus the latter’s 3.4 per cent, according to data provider NIQ....
...They were down 3.7 per cent in January, while new car costs were mostly stable (up 0.3pc)....
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
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