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..., whose wealth is managed through the group....
...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...Its use of generative artificial intelligence was also growing, he said: about a fifth of all emails that come into the group — a trickier area to automate than in-app communications — are responded to by...
...Admiral posted group pre-tax profits of £443mn for 2023, up almost a quarter on rising car insurance premiums but below analysts’ expectations....
...The price rises have sparked concern among insurance buyers and consumer groups....
...Data from litigation analysis group Solomonic shows there are more than 100 unresolved insurance cases in the High Court related to Covid-19....
...FTSE 100 peer Admiral posted group pre-tax profits of £443mn for 2023, up almost a quarter on rising car insurance premiums but below analysts’ expectations....
...The result was the largest motor insurance loss for a decade in 2022. Admiral shareholders paid the price....
...It said it expected to exceed its medium-term targets for group cash generation....
...Admiral has traditionally led the wider motor insurance market on prices. Peer Direct Line may be about to report the same uplift in results due next month....
...Consumer groups and politicians have raised concerns about sharp rises in car insurance prices, with senior executives having to justify them before MPs in parliament....
...Earlier this year, US insurance group A-Cap said it would attempt to take back control of assets ceded to 777 Re after the reinsurer had its credit rating downgraded, and US and Bermuda regulators have been...
...The London-listed insurance group said it had not yet set any reserves aside for the “emerging event” but it expected the net loss to be “moderate” due to its own risk-sharing arrangements....
...America’s home insurance crisis: Rana Foroohar uses her own experience to explain the difficulties of finding affordable home insurance in the US....
...Its last significant deal came in 2022 with the $12bn acquisition of Alleghany, an insurance-to-manufacturing group....
...Big share price moves in Europe today include specialist UK bank Vanquis Banking Group, tobacco company Imperial Brands, UK-based mining group Rio Tinto and UK car insurer Admiral Group: Vanquis Banking...
...Days later, the group voted against Quinn’s re-election at the bank’s annual general meeting, according to people familiar with the situation....
...The wrangling as to which group was more liable “can go on quietly and sensibly, and it will go on behind the scenes”, he said....
...The events, executives say, amount to the biggest challenge yet to private capital groups’ foray into the life insurance sector....
...The group said its motor business had now “turned the corner” as it pushed up prices, adding that policies sold in the second half were estimated to achieve a net insurance margin — a new measure which calculates...
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...Penny James stepped down as chief just over a year ago after the group scrapped its dividend following a period of rampant inflation in motor claims....
...Built for comfort, not speed is a good slogan for annuities — an insurance product offering retirees steady, long-term income....
...Insurance groups are now bracing themselves for billions of dollars of losses stemming from the accident, with reinsurers likely to foot the bill in a legal fallout expected to last for years....
...The FTSE 100 group reported record pre-tax profits of $1.25bn last year and announced a $325mn share buyback....
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