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...Names were the historical basis of the Lloyd’s market, but also at the centre of one of its biggest controversies....
...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...
...MS Amlin is targeting growth in areas such as marine insurance, one of its specialities....
...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...The move would cement the group as one of the biggest underwriters in the London market. This year, the company will write around £2bn of business within Lloyd’s itself....
...Sadly, this isn’t uncommon, in New York and many other places across America. Both options seemed nuts, but only one was affordable....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...One reason is inadequate information to assess US flood risk, Gourevitch says....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...But a less-followed risk is adding to unease at companies offering life and health insurance: scientists’ warnings, and research findings, that a warming climate is causing an increasing number of excess...
...In January, industry data based on policies sold, rather than comparison quotes, showed the average premium paid for insurance was £627 in the final quarter of last year, up one-third on the same period...
...One industry veteran noted that banks withdrawing from business lending in response to tougher capital rules since the financial crisis was a central factor in the convergence of private assets and insurance...
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...The chief executive of FTSE 100 group Admiral, one of the biggest UK car insurers, said its motor insurance prices had peaked, signalling the end of a surge in premiums across the industry that sent the...
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...The robust performance from Lloyd’s was echoed in the annual results from Beazley, one of the market’s largest insurers....
...One year’s strong performance does not make up for dismal returns. 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....
...He is also at the heart of a struggle for the future of America’s most liberal church....
...Aspen’s 7,000 full-time residents are used to seeing their picturesque home inundated with about 1.4mn visitors every ski season, many of them America’s super-rich seeking sanctuary in this gilded outpost...
...We now talk about there being four tier-one reinsurance brokers, and we are one of them.”...
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...Update May 1st: Apollo has emailed this statement: A life insurance policy is one of the most important assets in a person’s financial life; it can provide certainty and financial security unlike any other...
...The mechanics of the NAIC’s rule change (as described by Barclays, Bank of America, regulators, industry groups and various other sources) are . . . not especially simple....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
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