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...The chief executive of Aon, one of the world’s largest insurance brokers, has called for better modelling of climate risks, saying conditions in the property insurance market were “stressed” after a surge...
...Lemonade relies on advertising for growth because it sells cover directly to customers rather than through insurance brokers....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...“These brokers are to be congratulated on their decision; we now need to see further action from others in the broader insurance and broker industry to accompany it,” he said....
...The former US president’s team has spent “countless hours negotiating with one of the largest insurance companies in the world”, the lawyers wrote in a filing, citing a broker they hired, but have concluded...
...Continental European commercial property insurance prices rose at the start of the year for the 22nd consecutive quarter, according to an index from broker Marsh....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the fourth quarter of 2023, the 25th consecutive quarter of rate increases....
...The goal is to automate the collating of data from brokers, actuaries and other internal and external sources and use analytics to help the underwriter decide whether to offer insurance and at what price...
...That’s when he got a call from James Robinson III, who was then the chief executive of American Express and the biggest power broker on Wall Street....
...broker WTW....
...There were a record 37 extreme weather events around the world last year that led to payouts of more than $1bn each, according to figures from insurance broker Aon, with storms, floods and wildfires providing...
...This month’s £242mn purchase of the Probitas syndicate will allow it to tap into what it said were the many brokers that prefer to place business via the Lloyd’s market....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the final three months of last year, the 25th straight quarter of increases....
...Global commercial insurance prices, which include everything from property to management liability, have risen for 25 consecutive quarters, according to data provided by broker Marsh....
...There is a good reason why so many Americans — 1.6mn according to one estimate — work as real estate brokers or agents. The barriers to entry are low. No college degrees are required....
...In some cases, brokers say, companies have been able to buy insurance to cover more than $1bn of tax payments in the event they lose a dispute with the US Internal Revenue Service....
...“From our point of view it is a finely balanced renewal,” said David Flandro, head of industry analysis at insurance broker Howden’s reinsurance broking arm....
...Tysers, which was trading at the time as Integro Insurance Brokers, and HW Wood entered into a three-year deferred prosecution agreement over violations of anti-bribery laws....
...Motorists were quoted an average of £995 for annual policies in the final quarter of 2023, an increase of 58 per cent on the year before, comparison site Confused.com and insurance broker Willis Towers Watson...
...The London lawsuit is just one leg in the sprawling litigation relating to Greensill’s credit insurance: Insurance Australia Group is facing more than $4bn in gross claims and the insurance broker Marsh...
...The SMI, a private-sector grouping of chief executives, highlighted what it believed to be insurance industry gaps in a report issued last year....
...Commerce secretary Gina Raimondo has been closely involved, a person briefed on the negotiations said, as the highest levels of the US government worked to develop closer ties between American tech groups...
...Last year saw a record-breaking number of natural catastrophes causing at least $1bn in insurance losses: 37 separate events, according to data from insurance broker Aon....
...A pledge by five insurance brokers to stop sharing building insurance commissions with landlords, and to cap their own fees, applies to buildings over 11m in height, with known fire-safety issues...
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