Hints and tips:
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...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...
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...Both companies provide property and casualty cover in the state, writes Alistair Gray in New York....
...The acquisition of the global provider of property and casualty insurance and reinsurance is the latest sign that a growing number of Japanese companies — backed by a strong yen — are seeking to expand their...
...The results from the Hartford, which sells mutual funds as well as property and casualty insurance and group benefit policies, are the latest sign of a squeeze on the industry’s profits....
...The investment bank estimates AIG’s property casualty division and its life and retirement division will pay dividends of between $5bn and $6bn a year to the parent company between 2014 and 2016, up from...
...The Florida-based company, which also owns a small portfolio of retail property, has hired bankers and is expecting to receive initial bids in the next few weeks, according to people familiar with the matter...
...While 4 per cent of sales in property and casualty and life insurance came from emerging markets in 2007, that proportion grew in 2012 to, respectively, 21 per cent and 17 per cent....
...US property catastrophe insurance prices are up 7 per cent this year according to insurance advisory group Guy Carpenter....
...Since markets reopened, shares in top US property and casualty insurers have lost only 0.2 per cent more than the benchmark S&P 500 index....
...Old Mutual, which is to pay the African lender Ecobank about $20m for the Nigerian property and casualty business, has signalled it is seeking further expansion into Africa....
...Meanwhile, disasters across Asia, Australia and the US pushed operating income at the property and casualty business down 48 per cent to $1.29bn....
...Ben McKay, senior vice-president of federal government relations for the Property Casualty Insurers Association of America, said: “Property casualty insurers are not highly leveraged or interconnected and...
...Intact, Canada’s largest property and casualty insurer, said the acquisition would increase its total premiums in Canada by C$2bn, to C$6.5bn....
...Over the last year, we understand that a number of AIG’s 100,000+ employees have left A.I.G. to join the company’s direct competitors in the global property and casualty and life insurance businesses....
..., as well as property and casualty insurers and pension funds....
...That includes the sale of its majority stake in ING Canada, a property and casualty insurer, last month for €1.4bn....
...He followed the Kiln acquisition with the $4.7bn takeover of Philadelphia Consolidated, a mid-size US property and casualty insurance group listed on Nasdaq....
...But it will not be big enough to reverse the cyclical downturn in overall property and casualty pricing, analysts said....
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