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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....
...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...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 US Foreign Agents Registration Act requires lobbyists such as Desai to register and disclose their contracts with foreign nationals such as Troost....
...by the end of the year, provided a riposte to “naysayers” who said the company was “going to burn through [its cash] and go out of business”....
...Rising insurance prices were “a reflection of the risks, and the risks are going up, and they are going up quickly. It’s a call for action”, Hielkema added....
...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...
...As insurance companies recover from recent losses, and inflation falls, there should be scope for more competitive pricing....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...But development in the US’s most densely populated state is heavily concentrated near shores and rivers, putting homes and businesses at risk. That risk is not being factored in to insurance premiums....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Chinese authorities turned to a private company to hack an array of foreign governments and organisations as well as spy on their own citizens, a large data leak has revealed....
...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....
...Lloyd’s of London has delivered its best underwriting performance since 2007 and signalled that commercial insurance prices are likely to stay high in the coming years....
...Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour. Yet last year’s performance was the best for 16 years....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...In 2023, the port handled a record-high 52.3mn tons of foreign cargo, worth $80bn. This included more than 847,000 cars and light trucks and 1.3mn tons of farm and construction machinery....
...This was offset by a positive contribution from other business lines, such as home insurance and motor rescue....
...López Obrador, a deft political communicator with approval ratings of 55 per cent, has pressured, expropriated and criticised companies who clash with his priorities of large infrastructure projects and...
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