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...Lloyd’s of London has attracted its biggest syndicate backed by individuals, or “Names”, since the early 1990s, as the insurance market looks to rebuild a base among private investors after its best performance...
...He said the sector needs to “bring to bear” broader forms of insurance capital including from pension funds and sovereign wealth funds through a growing insurance-linked securities market....
...The Republican governors of Alabama, Georgia, Tennessee and Texas released a joint statement opposing the UAW on Tuesday, calling the union “special interests looking to come into our state and threaten...
...Donald Trump and US President Joe Biden have won their respective party primaries in Tennessee....
...BlackRock on Monday was sued by the US state of Tennessee, which accused the $9.1tn New York-based asset manager of violating consumer protection laws by misusing environmental, social and governance factors...
...States such as Florida are becoming uninsurable, as providers pull out of the market altogether....
...Berkshire’s insurance underwriting divisions have been profitable for 18 of the past 20 years, according to the group’s latest filings with the Securities and Exchange Commission....
...the Chamber of Commerce, said in a statement on Tuesday....
...New York-listed Chubb will pay $350mn to the US state of Maryland, as insurers start to cover the collapse of Baltimore’s Key Bridge in March....
...The German armed forces’ digital and communications systems are in a woeful state, Eva Högl, the commissioner responsible for overseeing the Bundeswehr, warned on Tuesday....
...Citadel Securities has made a bid of about Rmb2bn ($280mn) for Credit Suisse’s Chinese securities business, as the market maker founded by billionaire Ken Griffin pushes ahead with expansion plans in China...
...The chief executive of the Lloyd’s of London insurance market has said insurers should “just get on with it” and pay out for the Baltimore bridge collapse, rather than waiting for years of wrangling over...
...MPs last year blamed regulatory foot-dragging for London losing out on $700mn of insurance-linked securities that went to Singapore....
...Phrases were underlined in the style of a storyteller. A forceful vibrato gave mock-operatic intensity to emotions. “Tennessee Song” began with a cry of “Let’s go back to Tennessee!”...
...Premiums from its general insurance division, which includes car insurance, also grew....
...The regulator also wants to make greater use of reinsurance markets, and aims to encourage investors to put more money into EU insurance-linked securities — such as catastrophe bonds, which pay out for certain...
...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....
...Hyperexponential is just one of several new businesses hoping to automate the data input and analysis that is the mainstay of the job of underwriters — the insurance industry’s core decision makers....
...Voting booths in seven states have closed, marking the end of polling in almost half of the states taking part in Super Tuesday....
...It is time to conceive a way of working as revolutionary as that described by Adam Smith, the 18th-century Scottish philosopher and economist, in his theory of the division of labour illustrated by the example...
...Your Big Read on the home insurance affordability crisis (February 14) adds to an ever-growing body of evidence about the effects of climate change and the case for swifter, deeper action....
...Insurance executives have also highlighted the risk of a misalignment of interests between the long-term nature of this insurance business and the shorter timeframe of ownership through a PE fund, rather...
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...Cara Spinks Head of Insurance Consulting, OAC, London EC2, UK...
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