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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....
...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...Last month, California’s insurance commissioner announced a series of executive actions intended to stabilise the local market....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...A string of big home insurers have halted new business in California, for example, in response to a surge in extreme weather losses....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...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!...
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...The restaurant has become a northern California beacon; executive chef Matthew Kammerer is a multiple James Beard Award finalist whose tasting menus, which do remarkable things with hyper-local seafood,...
...Corporate results: Japan’s Nidec Corporation, which manufactures the electric motors used in hard-disk drives, China Tourism Group and Ping An Insurance Group announce quarterly results....
...In March, the boss of Admiral said the sector was in a “different situation” and that the FTSE 100 company had even put through a “small price decrease” recently to win business....
...New Jersey’s problem is too much water to start with — unlike places such as California, which suffer shortages....
...The result is that home insurance costs are rising fast, up by a fifth in the US on average last year....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Early in 2023, the company said it could get 12,500-17,000 oz from the stockpiled ore, but managed 3,000 oz at a cost of $1mn a month....
...The US Federal Deposit Insurance Corporation is working on proposals aimed at ensuring asset managers do not seek too much influence over the banks in which they hold large stakes....
...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....
...& officers insurance, where prices have come off....
...Mitsui Sumitomo Insurance also recently announced expansion plans for its Lloyd’s insurer. But there is a fragility to this recent success....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
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