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...US-listed Aon has a $65bn market value and employs 50,000 across 120 countries. In December it agreed a $13bn acquisition of US broker NFP, expanding the business it does with mid-sized companies....
...LV, one of the country’s oldest mutually owned life insurers, was on the verge of demutualising and selling itself to US private equity group Bain Capital....
...But the environment for funds and the companies they invest in remained challenging, said Björkstén....
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...The increase was mostly due to higher adjusted pay and benefits, according to the company’s earnings commentary....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Nationwide, the country’s largest mutual, has attracted ire from campaigners and some of its members in recent weeks who argue that it should put its purchase of Virgin Money to a vote....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...Ageas has 44,000 employees in 13 countries. Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...It now employs 16,000 staff across 50 countries and the completion of its acquisition of TigerRisk gave it a significant reinsurance broking business....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...Meanwhile, Swedish insurance companies have the highest holdings of stocks in the EU....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...More than half of all American households and 116mn of the country’s 333mn residents hold shares in at least one mutual fund. “The mutual fund has democratised investment....
...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...The ABI called for more to be done to “support communities up and down the country to be more resilient” to the weather....
...In recent years, its performance has been blighted by higher than expected compensation payouts linked to mis-sold payment protection insurance....
...Recent ad hoc efforts for bank windfall taxes at the country level, such as in Italy, to raise funds for depleted government coffers do not help, for instance....
...The insurance sector is expecting a hefty bill....
...Senior insurance industry figures said the sector had pushed to ease trading between the two countries’ specialist insurance markets, where big assets such as planes and pipelines are insured by a range...
...They are all at bottom closely connected “stakeholders”, committed to mutual support, and adept at jettisoning jargon in favour of a serious commitment to work together for mutual benefit....
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
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