Hints and tips:
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...It fell to her eldest daughter, the writer and novelist Doon Arbus, to deal with her still-emergent work as a pioneering photographer of postwar America....
...Several of the worst-performing companies in the index, including Hippo and Root, focus on personal lines of insurance such as home and auto....
...Third-quarter results from insurers offered evidence of the damage. Travelers, the $34bn US insurer, warned of an “increasingly challenging tort environment” as its profits fell sharply....
...Our insurance team’s favorite life companies are Prudential and ASR We remain overweight of P&C Defensive: The sector should be agnostic to the cycle (having no correlation with HY spreads and PMIs) yet...
...Truth was the first casualty of a British general election campaign, writes FT’s Alan Beattie....
...Simon Kirby, chief operating officer at Rolls-Royce, is stepping down just 19 months after taking the post, becoming the first high-profile casualty of the FTSE engineer’s latest restructuring....
...The Dow Jones Industrial Average ended the day flat at 21,808, thanks in part to a 2.5 per cent decline for property and casualty insurer Travelers — one of several insurers that took a leg lower as investors...
...In an industry with a mixed record of M&A success — Citicorp’s 1998 combination with Travelers was one of many ill-fated insurance deals — Mr Greenberg left nothing to chance....
...Both companies provide property and casualty cover in the state, writes Alistair Gray in New York....
...It specialises in providing business coverage for small and mid sized companies and also has sizable car and home insurance operations. The group generated revenues of about $27bn last year....
...Now it’s much more al desko.”...
...From his sick bed, the 60-year old son of former AIG chief “Hank” Greenberg orchestrated the largest acquisition by an insurance company on record....
...Hartford Financial, a smaller rival, jumped more than 6 per cent to a fresh seven-year high of $44.19 and Travelers Companies rose 2.73 per cent to $99.30....
...The deal will create America's second-largest listed property and casualty insurer by market capitalisation....
...The deal will create America’s second-largest listed property and casualty insurer by market capitalisation....
...The successful fight against poverty had ethics as a casualty....
...and casualty reinsurer....
...At the end of 2013, Hamilton Insurance had a capitalisation of $800m....
...In property casualty insurance, periods of rising and falling premium rates, and therefore ups and downs in earnings and stock prices, come and go. In recent years, rates have been increasing....
...The primary insurers are more exposed, so the likes of State Farm, Allstate and Travelers, which have big market shares in the affected areas, will be the ones to watch....
...Ten days have passed since Hurricane Sandy ravaged the east coast of the US, yet investors in insurance companies remain largely in the dark about the scale of the losses facing the industry....
...At $35, AIG’s shares still trade at about half the company’s book value while more profitable rivals in the insurance industry, such as Chubb, Travelers and ACE Limited, trade in line with or above book...
...Bank of America and Mr Weill’s old company Citigroup....
...its treatment of Seif al-Islam Gaddafi, the former leader’s son and heir apparent, the FT reports....
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