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...MS Amlin, one of the biggest Lloyd’s of London insurers, plans to expand in areas such as marine cover and liability insurance after spending three years repairing its underwriting profit margins....
...The Japanese owner of Lloyd’s of London underwriter MS Amlin plans to boost its underwriting capacity in the capital’s specialist market by half to £3bn in the next five years, as it invests in the UK hub...
...The new syndicate was announced on the day of its full-year results, which confirmed its best underwriting performance since 2007....
...The number of big specialist insurers listed in London has dwindled with the acquisitions of groups such as Catlin, Amlin and Novae over the past decade....
...The move has already caused ructions among direct insurers, contributing to the decisions of insurers such as State Farm to stop underwriting new home cover in California....
...The banks underwriting Arm’s $50bn listing will close orders for shares a day earlier than planned due to strong demand for the biggest initial public offering in nearly two years....
...Its underwriting profit reached £5.9bn, up from £2.6bn....
...Hiscox has created an artificial intelligence model in collaboration with Google that can automate the core underwriting process for specialist risks, hailing it as a first for London’s insurance market....
...Probitas’s Lloyd’s underwriting syndicate has increased its annual premiums by a fifth every year since 2019, taking in £288mn in 2023....
...The rating agency recently upgraded its credit rating on an improved underwriting performance and a stronger balance sheet. Lloyd’s has also made progress in reviving face-to-face trading....
...IAG was one of the main insurers behind $10bn of cover arranged for Greensill through Bond & Credit Co, an underwriting agency the Australian insurer owned a 50 per cent stake in before selling it to Tokio...
...Lloyd’s chair Bruce Carnegie-Brown said the deal underlined the importance of face-to-face trading to the market, saying the underwriting room — a web of underwriters’ desks around the famous Lutine Bell...
...Alibaba, which raised $25bn in the largest-ever US listing in 2014, spent just over half as much as Arm, with $46mn in non-underwriting fees....
...This documents underwriting details relating to over 60 voyages, including the direction and fate of the ships....
...This is driving up insurers’ underwriting risks, lowering returns on equity....
...Greensill had arranged trade credit insurance through Bond & Credit Co — the underwriting agency in which IAG formerly had a 50 per cent stake — to cover contracts in case of default....
...Chief executive Aki Hussain pointed to “disciplined underwriting and favourable market conditions” as the reasons behind the company’s performance....
...Underwriting profits more than doubled from £1.2bn to £2.5bn as insurance and reinsurance prices rose by 9 per cent across the market and customers bought more cover....
...The bank has taken lead underwriting roles in recent listings including Arm, Instacart, Klaviyo and Birkenstock (though the latter showed us the IPO market still isn’t fully back in fashion) as Solomon looks...
...The banks underwriting the listing closed orders for shares on Tuesday, a day earlier than planned. Goldman Sachs, JPMorgan and BofA Securities are among a 28-strong army of banks selling the Arm IPO....
...This makes it all the more ironic that this showcase IPO highlights how equity underwriting — a sexy, “franchise” part of investment banking — has become commoditised like so many other financial services...
...Headlining the IPO filing is The Raine Group, a tech-focused boutique, whose listing as financial adviser gives it top billing above Wall Street banks including Goldman Sachs and JPMorgan, who are underwriting...
...“HDFC’s credit underwriting with the bank distribution opens up a large opportunity, just as the residential [house-buying] cycle is picking up,” JPMorgan analysts noted....
...He pointed to previously “lax underwriting” by the shadow banks. Many remain cautious this time around....
...European governments have also privately expressed concerns that insurers in the NZIA could cause the cost of energy to rise if they collectively stopped underwriting fossil fuels, according to a person...
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