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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....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...“We don’t believe we fully understand the risks associated with these offshore insurance companies,” said Natalie Winterfrost, a professional trustee and former chair of the investment committee at The Society...
...The syndicate, announced by industry veteran Richard Brindle’s Fidelis Partnership, aims to take in $180mn of premiums in the second half, and $450mn in 2025....
...This part of the insurance industry has been hit by four consecutive years of outsized losses from extreme weather....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...“The fact that insurance grew here as an industry and as a business, it means that there is so much history and expertise, experience, skills, knowhow that is fostered here in the UK . . . and I would, as...
...Questions over the dark fleet’s insurance are a long-standing industry concern, with doubts over the ability and willingness to cover the costs of a large spill such as the Exxon Valdez disaster or the Braer...
...Chief executive George Weston said the performance was driven by investments in the company over the past few years such as opening new stores or automating some warehouses, and profit margins “recovering...
...Reinsurers have contributed to affordability problems, industry experts say, by charging much more for the cover they provide to primary insurers and tightening their terms....
...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...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Now the UK industry is lobbying for a light-touch regulatory regime to attract captive insurers. This is a test of the government’s commitment to support financial services....
...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....
...The chief executive of FTSE 100 group Admiral, one of the biggest UK car insurers, said its motor insurance prices had peaked, signalling the end of a surge in premiums across the industry that sent the...
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...David Furness, director of policy and delivery at the Independent Healthcare Providers Network, an industry body, said: “Nearly nine in 10 companies across the sector feel the market environment for private...
...Both Byredo, a cult Swedish fragrance group, and Charlotte Tilbury, a British make-up brand associated with its eponymous founder, were acquired by Puig during a deal spree encompassing 11 companies in 12...
...A hard market, in industry parlance, is a period of rising prices where supply falls significantly behind demand....
...The reforms are intended to unlock extra investment by UK insurers in domestic infrastructure but the industry has warned that a lack of investable projects could hinder these efforts to expand financing...
...Many economists say rising real wages, falling inflation, cuts in national insurance and the increase in the living wage will all help household incomes and spending....
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