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...Marshall Motor Group has also been bought by Cinch-owner Constellation, while Lookers was bought by Canada’s Alpha Auto in a deal announced last year, and Cambria was taken private by its management team...
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...The insurer is due to underwrite about £2bn of business within Lloyd’s this year and then grow that as a central part of owner Mitsui’s five-year strategy to reach £3bn within Lloyd’s and the so-called company...
...Tanker owners must be able to prove they hold adequate insurance against spills in order to be allowed to access ports and other facilities....
...The advisory services company, which is part of Los Angeles-based B Riley Financial, does restructuring and turnaround work, forensic accounting and litigation support, and valuations....
...The company conducted work to compare listing venues....
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...Last month, Chubb’s chief executive Evan Greenberg told analysts that the company’s “exposure is within what we would contemplate and there’s nothing outsize to us”....
...Toyota last week chose the Beijing auto show, the premier industry event of the year in China, to unveil a new partnership with the owner of the WeChat superapp, Tencent....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...The 72-year-old Jain heads the insurance operations that underpin Berkshire, providing the cheap capital that has allowed Buffett to build a conglomerate rare in American history, owner of businesses from...
...Robinson and other experts have likened the probe to the payment protection insurance scandal, which dates back to the 1990s when banks mis-sold insurance to millions of customers, leading banks to later...
...A deal would give Connecticut-based Eldridge Industries a foothold in the fast-growing market for lending to privately held European companies, building on its investments in insurance, asset management,...
...The company disclosed that its auto insurer Geico had passed along higher rates to customers and had suffered fewer claims, lifting its results....
...It has also made its owners, the Puig family (a Catalan name pronounced “poodge”), a fortune....
...This story has been amended to correct a reference to the owner of Eurovita....
...Car owners have been squeezed by a surge in insurance prices since their pandemic lows, as companies try to reflect a surge in claims costs....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...Second, auto-insurance prices — our favourite CPI component from the past year! — has also been more muted in the PCE, the Fed’s preferred inflation gauge....
...Carlos Tavares, who heads Stellantis — the owner of the Chrysler, Jeep and RAM brands — said breaking the US-Mexico-Canada Agreement would be a “lose-lose” scenario....
...Nusrat Ghani, industry and economic security minister, welcomed the announcement: “This is a further vote of confidence in the UK economy and exciting news that shows our plan for the auto industry is working...
...Tesla owners must be choking on their kale smoothies. Auto insurers have rapidly boosted prices for electric vehicle cover in the past year, much more than for fossil fuel cars....
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
...Insurance also operates on rolling contracts. Right now, auto insurers are perhaps pushing up premiums to make up for higher post-pandemic costs. Both should settle, but it will require patience....
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