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...The growth in casualty insurance is intended to provide a “better balance” to its catastrophe-exposed property policies....
...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...
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...It has financed projects including 316 rental homes in Bath and a joint loan with insurance group Generali for 65 homes for sale in Canary Wharf....
...development, according to government officials and the property tribunal....
...The figures from Nationwide — which put the average cost of a property at £261,142 — were worse than expected....
...Vanke, one of China’s leading property developers, said it would cut its debt by $14bn after a nationwide slowdown in the sector hit its sales and saw its profits fall by almost half in 2023....
...Probitas, which provides commercial insurance including professional liability and property catastrophe cover, will keep its management team and brand....
...The bracket for three- and non-detached, four-bedroom properties recorded a 0.9 per cent rise in asking price....
...UK house prices rose more than expected in January, according to mortgage provider Nationwide, as easing mortgage rates helped to stabilise the property market....
...Its property and casualty insurance division weakened, posting an overall underwriting loss reflecting worse conditions for areas such as credit insurance, but its major life and health insurance division...
...“This acquisition strengthens Nationwide and means we can offer more value and broader services for our current and future members,” Crosbie said in a statement....
...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....
...UK house prices fell for the first time in six months in March, according to the lender Halifax, surprising economists and adding to signs of inconsistency in the property market recovery....
...The Virgin deal would increase Nationwide’s size by about a third but the enlarged business would still meet the act’s definition of an organisation principally making loans secured on residential property...
...The lack of affordable property insurance has even driven some to move home....
...“Nationwide is a good home for it and will benefit customers.”...
...Brexit and mortgage regulatory changes also played a role, according to Richard Donnell, executive director at property consultancy Houseful....
...The ship’s lead liability insurer, Britannia P&I, said on Thursday it was “working closely with the vessel’s owner and manager and the relevant US authorities as part of the investigation into the casualty...
...Economists polled by Reuters had expected 0.3 per cent month on month and 0.7 per cent annual increases. Prices rose 0.7 per cent from January, taking the average property price to £260,420....
...Nationwide said on Friday that prices had been flat between November and December, leaving them almost 4.5 per cent below the peak reached in the summer of 2022....
...Purchasers with plenty of equity — borrowing no more than 60 per cent of the value of the property — can get a two-year fix with Barclays at 4.53 per cent....
...A sharp rise in borrowing costs last year and fears over sinking house prices triggered a slowdown in the market, with about 1mn homes sold nationwide according to Land Registry data, the lowest in a decade...
...property....
...The UK-wide research from property data provider TwentyCi showed 86,000 sales were agreed in January, which was 23 per cent above the level in January 2023, and 0.9 per cent above the 2019 month....
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