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...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....
...The Swiss bank Julius Baer has been a prominent casualty....
...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...
...Its president Kevin O’Donnell hailed the “additional scale” provided by the deal, which will cement the group’s place as one of the world’s largest property and casualty reinsurers....
...Yet shares of insurers such as Allstate, Progressive and AIG are down between 3 per cent and 22 per cent this year, while the S&P 500 has climbed 16 per cent....
...But the delay does nothing for battered confidence in a company that seems stuck in a never-ending turnaround....
...That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...Barclays operates a partnership model in the US market, running co-branded credit cards for 20 companies including The Gap, JetBlue Airways and the AARP....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...AIG chief executive Peter Zaffino revealed in May the company was “prepared to go” ahead with the sale of more Corebridge shares in the second quarter, having held off in the first three months of the year...
...AIG chief executive Peter Zaffino revealed in May that the company was “prepared to go” ahead with the sale of more Corebridge shares in the second quarter, having held off in the first three months of the...
...Axa’s health premiums fell 7 per cent in 2023, as two contracts with large corporate clients in France were not renewed, the company said....
...WD Lab Grown Diamonds, the second-largest US producer of man-made diamonds, has filed for bankruptcy, becoming the sector’s first big casualty of a burgeoning glut of fabricated gemstones....
...But AIG says of this lot “comprises companies of a similar size and business model that draw from the same pool of talent as AIG”....
...No casualties were reported on Tuesday from the overnight attack. Although Ukraine was blamed for the strikes by Russian officials, Kyiv has not made any reference to the incidents....
...KaDeWe, Germany’s most famous and exclusive department store, filed for administration on Monday, becoming the latest casualty of René Benko’s crumbling property empire....
...US property and casualty insurers could face $40-180B in losses related to PFAS litigation....
...As for the broader out-of-favour thematic ETFs, one casualty, in Europe at least, appears to be market leader BlackRock’s iShares brand....
...AIG’s shares rose by more than 3.5 per cent following the public announcement of the deal....
...The aborted flotation is the latest casualty of slowing growth in EV sales worldwide, as mainstream car buyers balk at higher prices of battery-powered cars....
...This was offset by strong trading in property and casualty insurance, which helped the company generate €4.1bn in underlying earnings....
...Arsenio Dominguez, secretary-general of the International Maritime Organization, the United Nations’ maritime arm, called the “horrific reports” of the casualties “deeply saddening”....
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