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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...It is continuing to provide cover to ships transiting the Red Sea, for which insurance rates have jumped as the Houthi rebel group has attacked commercial ships....
...Its use of generative artificial intelligence was also growing, he said: about a fifth of all emails that come into the group — a trickier area to automate than in-app communications — are responded to by...
...The cache of shipping files, seen by the Financial Times and the Danish media group Danwatch, reveals a number of Russian vessels travelling from the Baltic are relying on insurance that can be easily voided...
...Duncan Wanblad took the helm of Anglo American in mid-2022 just as the South African miner reached a record market capitalisation of more than £50bn....
...The price rises have sparked concern among insurance buyers and consumer groups....
...The latter two are considered “core services”, because rent costs can be sticky and Americans don’t necessarily pay increases in owners’ equivalent rent in real time....
...Admiral posted group pre-tax profits of £443mn for 2023, up almost a quarter on rising car insurance premiums but below analysts’ expectations....
...group metals have been stung by low prices....
...The wrangling as to which group was more liable “can go on quietly and sensibly, and it will go on behind the scenes”, he said....
...The events, executives say, amount to the biggest challenge yet to private capital groups’ foray into the life insurance sector....
...The group said its motor business had now “turned the corner” as it pushed up prices, adding that policies sold in the second half were estimated to achieve a net insurance margin — a new measure which calculates...
...US activist hedge fund Elliott Management has built a $1bn stake in UK-listed mining group Anglo American amid a £31bn ($39bn) approach for the company by BHP....
...Penny James stepped down as chief just over a year ago after the group scrapped its dividend following a period of rampant inflation in motor claims....
...Built for comfort, not speed is a good slogan for annuities — an insurance product offering retirees steady, long-term income....
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...Anglo American blamed “uncertainty around economic growth prospects”....
...The FTSE 100 group reported record pre-tax profits of $1.25bn last year and announced a $325mn share buyback....
...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
...Total returns for the group’s shares have underperformed the Stoxx 600 insurance sector by a third over the past three years....
...Howden said the progress of his group and others such as US-listed rival Gallagher had led to a broadening of competition in the highest reaches of insurance broking, almost three years after US regulators...
...BHP has proposed a £31bn deal to buy Anglo American, one of its largest rivals, in a deal that would mark the mining sector’s biggest on record....
...Anglo American’s largest shareholders have criticised BHP’s £31bn proposal to take over its London-listed rival as an “opportunistic” bid that substantially undervalues the company....
...Spire has been expanding in complementary services and in October paid £74mn for Vita Health Group, a mental health provider....
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