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...The chief executive of Aon, one of the world’s largest insurance brokers, has called for better modelling of climate risks, saying conditions in the property insurance market were “stressed” after a surge...
...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....
...The so-called pensions lifeboat takes over the assets and liabilities of failed companies’ pension schemes....
...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....
...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....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Shares in its holding company International Distributions Services languish below the October 2013 initial public offering price. The weight of its public service obligations weighs heavily....
...Ding was arrested on Wednesday in Newark, California, and charged with four counts of theft of trade secrets....
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
...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....
...Rising commercial insurance prices also lifted rival insurance group Zurich, which reported on Thursday a record adjusted operating profit of $7.4bn, topping analysts’ expectations....
...The US commercial real estate market, which has taken a hit from companies shifting to remote work over the pandemic, had once been seen as a safe place for return-starved Japanese lenders....
...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 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....
...The bank said much of the jump in loan losses was tied to credit cards and commercial real estate. The bank said it took losses on 16 different office loans in the quarter....
...Next, the shadow banking system — an assortment of financial institutions ranging from hedge funds to insurance companies — still lacks the liquidity to weather price adjustments, according to the FSB....
...Hunter Point Capital, the alternative investment shop co-founded by Bennett Goodman, has hired Phillip Titolo as its head of insurance solutions. Titolo previously worked at MassMutual....
...Dickie said that because Grosvenor was already a commercial developer, funding construction was “already within our risk appetite” and the company could more easily “take a view on pricing that risk”....
...Analysts at Citi said although the results were “very poor”, there were positive signs on the outlook, and the sale of the brokered commercial insurance unit had “completely removed” the chance of an equity...
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
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