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...The growth in casualty insurance is intended to provide a “better balance” to its catastrophe-exposed property policies....
...The insurer was likely to “receive questions about potentially buying a commercial lines [property and casualty] business at the top of the cycle . . . but the purchase price seems reasonable in this respect...
...Europe’s second-biggest insurer, which cemented its focus on property and casualty insurance with the $15.3bn acquisition of XL in 2018, said it would prioritise dividend growth and annual share buybacks...
...Country Garden has missed its final deadline for the coupon payment on a dollar bond, according to three creditors, making what was once China’s biggest developer by sales the latest casualty of the country...
...under pensions, and insurance policies....
...Luckily, 2023 was a relatively mild year for hurricanes. That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...So if you’re getting a Transit [van] that’s got oil stains in the back of it and a few tatty blankets, I’m afraid that’s not removals.”...
...a company to house Eurovita’s life insurance policies....
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...Helen Thomas is correct that the insurance industry is facing a “climate doom loop” (Opinion, October 12)....
...But Blackstone said that rallying financial markets would finally pave the way for IPOs, M&A and cash-outs in 2024. Blackstone’s marked returns by asset class also proved interesting....
...Insurance companies are fleeing Florida as costs to insure property have increased dramatically....
...Luckily, 2023 was a relatively mild year for hurricanes. That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...Including mortgage payments, mortgage insurance and property taxes, he pays $3,500 per month more today than what he spent on rent at the family’s last home....
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...Flow, Neumann’s new property company confirmed that “a coalition of half a dozen financing partners . . . submitted a potential bid” two weeks ago....
...On Wednesday, insurance brokerage Aon struck a deal to acquire NFP, a private equity-backed midsized property and casualty broker, for $13.4bn....
...Mari, I’m sure, would have hated it....
...We do fundamental momentum as a standalone factor, for each company. If you parse each company’s statements, is it net good or net bad?...
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...My next pick was Everest Group, which is a reinsurer. So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...One in four said they were saving to buy a property, and nearly one in five said they were saving to pay off a lump sum of their mortgage when their fixed-rate deal expired....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...And Berkshire made a big bet in underwriting property and casualty policies in Florida, betting on a tame hurricane season. That wager has largely paid off....
...Sometimes the culprit is a worksite occupier rather than an employer but, typically, a case for an asbestos illness is handled by an insurance company....
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