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...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...The market has been trying to make its reporting and financial frameworks more user-friendly to attract individual investors....
...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 Australian businessman’s company Greensill Capital, which counted former UK prime minister David Cameron as an adviser, collapsed in 2021 after failing to renew its insurance cover....
...“All actors need to move,” she told the Financial Times....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...GFG Alliance said it was “not involved in any insurance arrangements which Greensill had in place and any attempt to link us to the Greensill insurance is misplaced.”...
...Insurance companies have lifted prices drastically in the past couple of years after spiralling inflation in their claims costs — as items such as car parts and second-hand cars became much more expensive...
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Instead, he said, they should focus on supporting the energy transition, by creating new types of insurance coverage that support key technologies and companies involved....
...Xiao told the Financial Times late last year that it was cutting links with Chinese partners in order to prioritise relationships with US companies, saying: “We are in a position where we have to make a...
...This is a test of the government’s commitment to support financial services. Lloyd’s may not get the attention its near-quarter share of City GDP deserves....
...“Some insurers were quite heavily hit by large losses, which speaks for our risk-taking,” said Lloyd’s chief financial officer Burkhard Keese....
...Premiums from its general insurance division, which includes car insurance, also grew....
...The board of the Federal Deposit Insurance Corporation on Thursday was scheduled to vote on the proposals, one from Republican member Jonathan McKernan and the other from Rohit Chopra, a Democrat....
...Read more on the plans to upgrade the US-Japan security alliance....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...It had also seen some examples of companies paying out 70 per cent of the premiums in commission to third parties involved in selling the add-on insurance....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
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