Hints and tips:
...But both property and casualty reinsurers, and their counterparts in the life business, are now attracting greater attention. Let us take them in turn....
...A-Cap controls life insurers based in Utah and South Carolina. A-Cap chief executive Kenneth King late last month told insurance agents that AM Best’s downgrade was unwarranted....
...Lloyd’s of London hopes a new investment structure it has agreed with UK financial regulators will attract billions of dollars in alternative capital and boost its competitiveness with other hubs such as Bermuda...
...Moody’s wrote in a recent report that “the rising tide of offshore life reinsurance raises [a] yellow caution flag”....
...specialist insurance and reinsurance covering everything from cyber attacks to hurricanes, was a “major source of untapped growth” for the FTSE 100 group, which is a significant provider of home, motor and life...
...(The work takes its name from two ships built under duress in Bermuda by survivors of a 17th-century shipwreck.)...
...Bermuda dominates the global market, with $50bn of ILS listings on its stock exchange at the end of 2021. The UK gave the green light to ILS in 2017....
...“Life as a crypto firm can be divided up into before Silvergate and after Silvergate,” Sam Bankman-Fried wrote in a quote featured on the website of the San Diego bank he used to transfer customer funds...
...Operating profit in the life and health segment rose because of improved customer retention....
...“The [primary] market will be looking at life very differently at 1/1 than it does today.”...
...The weaker operating performance was most evident in the life and health division, where Ping An blamed the resurgence of Covid-19 for “changes in customer demands and increased caution over consumption,...
...This was driven by good performance in its property and casualty insurance business, where the combined ratio of claims and expenses as a proportion of premiums improved by 2.2 percentage points to 95.9...
...“With coronavirus, people realised ‘your life can change immediately’....
...The fate of Didi Chuxing, China’s leading ride-hailing app and another high-profile casualty, is also uncertain....
...The property and casualty insurance business, meanwhile, saw premium income decline 9 per cent from the first quarter of 2020....
...Apollo Global Management is to merge with Athene Holding, the life insurance company it created at the height of the financial crisis, transforming the alternative asset manager into a financial conglomerate...
...Sampo was built through a series of deals in the past two decades, first snapping up a Finnish state-owned bank in 2000 and the non-life insurer If....
...Arcadia is one of the highest-profile, but far from the only casualty on the UK high street this year, as the pandemic deepened the woes of brick and mortar retailers already grappling with the shift to...
...Each of us will have our own list, but most will surely contain what I hope will be the biggest casualty of the pandemic: the daily commute....
...Incorporated in Bermuda, advised by Apollo and initially owned by the firm’s clients, the insurance company made a permanent business out of what Rowan had originally conceived as a one-off trade in AEL....
...The company will be based in Bermuda but will also have operations in London. It has no plans to open a syndicate at Lloyd’s of London this year....
...Nor are they the only empires to control large swaths of Hong Kong’s commercial life....
...In an interview with the FT in March, Mr Derez justified the $9bn price tag by arguing that Exor had built up Partner’s life reinsurance business....
...Dan Loeb’s Third Point, specifically Third Point Reinsurance Ltd, was ready to be lucky....
...After being rebuffed by Scor, Derez sealed a $9bn deal with Bermuda-based reinsurer PartnerRe, only to watch it collapse as a result of the pandemic....
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