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...his co-shareholders....
...Allstate’s 2Q underwriting results (as measured by its “combined ratio”) highlights what can happen when weather and economic conditions turn against property and casualty insurers....
...Blackstone merged its credit and insurance investment operations in September in preparation for a push into asset-backed lending markets, Gray and co-founder Stephen Schwarzman have told shareholders....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...And one thing to start: Adam Neumann, the co-founder of WeWork, has submitted a conditional bid of about $600mn for the bankrupt co-working company he led until 2019, according to three people briefed on...
...In recent months, both State Farm and Allstate have announced plans to stop writing new policies in fire-prone California....
...Big insurers such as State Farm and Allstate said recently they had suspended offering home insurance to new customers in California....
...Some bulk annuity providers such as Aviva and Legal & General are part of broader groups offering other types of insurance and investments but PIC, founded in 2006, is a privately owned specialist in the...
...“Fire fighting [is] very difficult” on modern car carriers, said Richard Gunn, a casualty lawyer at law firm Reed Smith, who added that ships tended to be built with several decks that were built as low...
...Insurance Australia Group, one of the main insurers to Greensill Capital, has said that rival Tokio Marine and broker Marsh McLennan should share in any liability if investors in the failed lender win a...
...Rescue officials told local media that at least seven people had been pulled into the water, with a fire department spokesperson calling the incident a “mass-casualty event”....
...In the UK asset manager’s latest annual review (out last week but we only got around to reading it) co-CIO Maxey revisited his 2022 prediction, and mused on whether the danger has “been averted, or merely...
...Hudson Bay Capital, Reverence Capital Partners and hedge fund Citadel are co-investing in the deal which closes on Monday....
...The management of the Federal Deposit Insurance Corporation, which has come under fire in the past week following a report of widespread sexual harassment and gender discrimination at the agency, on Tuesday...
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...Unlike rivals such as Apollo Global and KKR, both of which own large insurers, Blackstone manages assets it acquires on behalf of insurers such as Allstate and AIG....
...and co-ordination” played a role in runway incursions....
...“The Israeli army is doing an exemplary job trying to minimise civilian casualties and maximise terrorist casualties,” he said....
...“Arguing that people want change so the answer is five more years of the Tories was never going to work for them,” said Pat McFadden, Labour’s election co-ordinator and MP for Wolverhampton South East....
...Hamas said its gunmen were still engaged in clashes in several areas in Israel and were being supported by rocket fire....
...War crimes prosecutions often face difficulties such as gathering evidence, securing political co-operation and apprehending indictees....
...Bank of America has come under fire from environmentalists for changing its tune on Arctic drilling and coal power plants....
...Zurich, one of Europe’s biggest insurance groups, released full-year results on Thursday, reporting a flat combined ratio — claims and expenses as a proportion of premiums — for its property and casualty...
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