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...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...by the end of the year, provided a riposte to “naysayers” who said the company was “going to burn through [its cash] and go out of business”....
...In the three months from December, Kpler, a data analytics company, identified 191 crude tanker voyages leaving Russia’s Baltic ports....
...A relatively unknown 92-year-old Belgian company is climbing up the global snackmaker rankings, outshining rivals and captivating Gen Z on social media as it seeks to transform itself into a global brand...
...Rising insurance prices were “a reflection of the risks, and the risks are going up, and they are going up quickly. It’s a call for action”, Hielkema added....
...In March, the boss of Admiral said the sector was in a “different situation” and that the FTSE 100 company had even put through a “small price decrease” recently to win business....
...Younger shoppers’ penchant for Apple Pay, auto-fill payments and buy now, pay later services is eroding the company’s share of the online payment market it once dominated. Growth has sputtered....
...“The judgment we are seeking would in effect be the same as legally binding regional treaty . . . that would compel them to rapidly reduce their emissions but would also force them to compel major companies...
...The company offers training and job opportunities to slavery survivors, and works with a number of charitable organisations that provide refuge and rehabilitation....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...It can come in the form of either a tax or a pollution permit that companies trade....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....
...Mitsui Sumitomo Insurance also recently announced expansion plans for its Lloyd’s insurer. But there is a fragility to this recent success....
...& officers insurance, where prices have come off....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...The average z-score — a statistical measure which relates a single data point to the mean of a group of values — across all measures is essentially back to pre-pandemic levels....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...In 2021, SoftBank’s Son was so taken by the pitch for the Gen Z app that he “wanted to meet within 48 hours and offered a $500mn investment”, Shafi has claimed — five times what the founder had suggested...
...Built for comfort, not speed is a good slogan for annuities — an insurance product offering retirees steady, long-term income....
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