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...Lloyd’s of London has attracted its biggest syndicate backed by individuals, or “Names”, since the early 1990s, as the insurance market looks to rebuild a base among private investors after its best performance...
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create high-yielding assets for insurance companies....
...— in Lloyd’s and the so-called company market that surrounds it....
...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...The company says it still has “reinsurance relationships with some non-Russian entities”. The company is part owned by the Italian insurer Generali, but its stake has been “frozen” since the invasion....
...market that surrounds it....
...It also cedes to the reinsurer certain assets to back those risks, which are held as collateral, under an agreed set of investment guidelines....
...These included a failure to properly recognise non-character letters such as full stops, and meant names in certain formats could be missed....
...The regulator also wants to make greater use of reinsurance markets, and aims to encourage investors to put more money into EU insurance-linked securities — such as catastrophe bonds, which pay out for certain...
...Several industry veterans told the Financial Times that Ki, a digital insurer in the Lloyd’s of London market that provides insurance cover to businesses, had increased awareness of the benefits of automation...
...Insurance companies have lifted prices drastically in the past couple of years after spiralling inflation in their claims costs — as items such as car parts and second-hand cars became much more expensive...
...Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour. Yet last year’s performance was the best for 16 years....
...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....
...The chief executive of the Lloyd’s of London insurance market has said insurers should “just get on with it” and pay out for the Baltimore bridge collapse, rather than waiting for years of wrangling over...
...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....
...This, he said, would ease some of the pain for Howden’s business clients from what he called the “hardest insurance market we’ve ever seen”, after inflation, war and wild weather sparked a pullback by insurance...
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...Royal London, another UK life insurer, said Friday it would enter the bulk annuities market in earnest....
...It had also seen some examples of companies paying out 70 per cent of the premiums in commission to third parties involved in selling the add-on insurance....
...The FTSE 250 company, which runs 39 hospitals as well as clinics and medical centres, said it was also benefiting from a strong rebound in corporate private medical insurance as more employers take out policies...
...Local insurance brokers say they have seen a big jump in calls from homeowners in search of cover as companies pull out of certain neighbourhoods....
...Rossi, who became chief executive in late 2022, highlighted the group’s investment performance across its funds and the contribution from the life insurance business as the reasons behind the company’s recent...
...It said the share price was unlikely to increase to reflect the adjusted net asset value or deal price “in the medium term as a result of numerous company-specific and certain market issues”....
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