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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....
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...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...
...Apart from high-profile deals in which the Berkshire name is deliberately publicised, such as a 2017 transaction in which AIG paid it $10bn to take on some long-term commercial risks it had underwritten,...
...The likely sale of Paramount marks it out as the first big casualty of the streaming wars. It may not be the last. When companies followed Netflix into streaming, market entry was straightforward....
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...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....
...But both property and casualty reinsurers, and their counterparts in the life business, are now attracting greater attention. Let us take them in turn....
...He has also held roles at AIG Financial Products, Morgan Stanley, the IMF and the Reserve Bank of New Zealand....
...Blackstone, which has struck investment management partnerships with large insurers like AIG and Allstate, said recently it was seeing a “dramatic increase in demand” from clients for the loans....
...The biggest casualty of the shift in approach has been the strong focus on building expertise in greener forms of energy, espoused by previous chief executives of Shell and BP....
...But the delay does nothing for battered confidence in a company that seems stuck in a never-ending turnaround....
...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....
...He has also held senior international positions with AIG Financial Products and Morgan Stanley, as well as assignments with the International Monetary Fund and the Reserve Bank of New Zealand....
...That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...It has fought many conflicts with Russia, most infamously the winter war of 1939-40 in which the Nordic country inflicted hundreds of thousands of casualties on the invading Soviet army....
...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....
...Bhalla was a longtime insurance executive with previous stints at AIG and MetLife when he arrived at AEL in 2020....
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...He was the latest casualty in a years-long corruption crackdown led by Communist party secretary-general Nguyen Phu Trong....
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...That is particularly important for smaller companies....
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