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...Aon’s commercial clients and their employees were “facing more volatility than ever before,” Case said, including through technological advancements and workforce disruption since the pandemic....
...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....
...It has financed projects including 316 rental homes in Bath and a joint loan with insurance group Generali for 65 homes for sale in Canary Wharf....
...In the first deal of its kind, to be announced on Thursday, the Debenhams scheme is to be transferred out of the lifeboat scheme to Clara Pensions, a new commercial pension “superfund” operator....
...Continental European commercial property insurance prices rose at the start of the year for the 22nd consecutive quarter, according to an index from broker Marsh....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the fourth quarter of 2023, the 25th consecutive quarter of rate increases....
...Aviva is re-entering Lloyd’s of London for the first time in more than two decades to boost its exposure to the thriving commercial insurance market....
...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....
...As his New York trial got under way this week, Bankman-Fried filed a legal complaint against a unit of Chicago-based CNA, saying that the company had not paid out on directors and officers insurance intended...
...Your Big Read on the home insurance affordability crisis (February 14) adds to an ever-growing body of evidence about the effects of climate change and the case for swifter, deeper action....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...It has since taken steps to boost its balance sheet, including agreeing a £520mn sale of its brokered commercial insurance unit last year....
...Bilal Mirza, commercial litigation partner in the London office of law firm JMW Solicitors, says whenever you travel it is vital to have appropriate and adequate travel insurance....
...Poste Italiane has excess insurance capital and has hedge protection from interest rate volatility....
...That doughty — somewhat dull — Canadian insurance company known as Manulife does not often attract attention. This week, however, it caused a frisson in the real estate world....
...a borrower is at least 30 days late, according to filings to the Federal Deposit Insurance Corporation....
...Corporate results: The Industrial and Commercial Bank of China and China Life Insurance announce earnings....
...Axa’s new strategy and bet on rising commercial insurance prices marks a shift from the group’s last three-year plan, which focused on building up health insurance sales....
...Shares in Direct Line jumped 14 per cent after the UK motor insurer agreed to sell its brokered commercial insurance unit for £520mn in a bid to shore up its balance sheet after a string of profit warnings...
...Worries have persisted as banks disclose exposure to losses on commercial real estate loans as work from home leaves offices underused....
...The deal with Ping An, struck on Friday, gives Lloyd’s — an insurance marketplace where brokers come to find coverage for a variety of commercial risks from individual syndicates — the further option to...
...The US commercial property market, the largest in the world, has been sliding....
...The news will also come as a setback to attempts by Lloyd’s to bring more investors into the insurance market, which is a centuries-old hub for specialist commercial insurance and reinsurance....
...If triggered, this would mean that the insurer would not from that point have reinsurance coverage for any newly underwritten premises or other asset — such as, for example, a commercial building damaged...
...Lloyd’s of London has delivered its best underwriting performance since 2007 and signalled that commercial insurance prices are likely to stay high in the coming years....
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