Hints and tips:
...Insured losses from natural disasters in the US topped $275bn between 2020 to 2022, the most ever for a three-year period, according to the American Property Casualty Insurance Association....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...In March, Root appointed a chief financial officer, Rob Bateman, whose CV includes stints at well-known insurance firms such as The Hartford. There are signs of improvement....
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...So far though, most of the action has been in property and casualty insurance — cover for buildings, cars and business....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...Apollo has a record in the property & casualty insurance industry....
...Axa SA shareholders must wonder, however, if the company could have waited for a more opportune moment for the IPO instead of selling into a deeply sceptical market....
...The disposal leaves The Hartford, whose history stretches back to 1810, focused on property casualty insurance and employee benefits....
...Simon Kirby, chief operating officer at Rolls-Royce, is stepping down just 19 months after taking the post, becoming the first high-profile casualty of the FTSE engineer’s latest restructuring....
...Proceeds will be used to help fund the $15.3bn purchase of Bermuda-based insurer XL Group, which will expand Axa’s position in US property and casualty insurance and specialist parts of commercial insurance...
...Contracts for variable annuities can be complex and hard for providers to manage, and several companies — including The Hartford — have closed or scaled back their variable annuity operations after running...
...Shares of Travelers, one of the largest US property and casualty insurance companies, weighed on the broader Dow Jones Industrial Average with a drop of 3 per cent at the start of trading on Monday, after...
...The latest transaction comes a month after the insurance credit rating agency AM Best warned that insurers faced an additional $15bn of losses from asbestos in the coming years....
...The results from the Hartford, which sells mutual funds as well as property and casualty insurance and group benefit policies, are the latest sign of a squeeze on the industry’s profits....
...Insurers were in strong demand after two major US insurance companies announced a huge deal, fuelling speculation that the sector could see further consolidation....
...Of the nine, only two had US headquarters, The Hartford and Prudential....
...“With the regulatory pressures on insurance companies, it has created great opportunities for Conning....
...Hartford has been looking to sell Woodbury since it bowed to shareholder pressure in March to focus on its property and casualty business....
...As a result, the company will focus on its property and casualty, group benefits and mutual fund businesses....
...John Paulson, the billionaire investor, has taken public his efforts to get The Hartford Financial Services Group to split into two companies....
...John Paulson, the billionaire investor, has taken public his efforts to get The Hartford Financial Services Group to split into two companies, says the FT....
...Now, I would say that Hartford needs to do something drastic because the stock is the lowest valuation relative to book value of any major insurance company....
...Over at Paulson & Co, the fund’s eponymous manager has ramped up calls for Hartford Financial, the US insurance firm, to split its property and casualty insurance business from the life insurance unit, by...
...as China Pacific Insurance Group and The Hartford, a US insurer....
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