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...The five insurers and reinsurers belong to the A-Cap group, and together held $11.5bn of assets at year end....
...UK businesses are offloading about £50bn a year in pension liabilities to insurers, after rising interest rates improved pension scheme funding levels and fuelled activity in this market....
...Ingosstrakh, a Moscow-based insurer, provides coverage that is essential for its shipping clients to enter ports around the world....
...market that surrounds it....
...However, growth of the superfund market has stalled largely because of concerns from the insurance sector about superfunds being more lightly regulated than competing insurers....
...Additional reporting by Ian Smith and Cynthia O’Murchu in London...
...The Bank for International Settlements warned last week of the risks that an “insurance market failure for climate-related risks” could spill over into a credit shock and force government to be insurers...
...Zuirich, which has a market capitalisation of more than $70bn, was helped by a record operating result in its life business....
...Fortegra, the speciality insurer backed by Warburg Pincus, has scrapped plans for a US initial public offering this week, citing “prevailing market conditions” in a sputtering fundraising market....
...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...
...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...
...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....
...Research commissioned by trade body the London Market Group found that lighter-touch regulations could see almost 700 captive insurers either moved onshore, from jurisdictions such as Guernsey and Bermuda...
...Shares in the group, which has a market value of more than €70bn, rose 3.5 per cent in morning trading. In 2023, Axa’s net income rose 8 per cent to €7.2bn but slightly missed analysts’ forecasts....
...Last month Japanese insurer Mitsui Sumitomo said it would increase its underwriting capacity at Lloyd’s and the wider London market that surrounds it....
...The robust performance from Lloyd’s was echoed in the annual results from Beazley, one of the market’s largest insurers....
...Insurers have explicitly linked their departures from certain areas to the need to be able to price for expected losses....
...Events: The Bank of England’s monetary policy committee announces its latest interest rate decision, with markets betting rates will stay unchanged....
...Belgian insurer Ageas said it was considering making a £3.1bn offer to buy Direct Line, the UK motor insurer that lost its chief executive last year after a string of profit warnings....
...after Chinese markets closed on Thursday....
...The UK’s £1.4tn “defined benefit” pensions industry has been switching to corporate debt for its higher yields and to prepare the schemes for potential sales to insurers, analysts say....
...Neal said that the Sustainable Markets Initiative, whose insurance chapter he chairs, could provide a platform for insurers to collaborate with each other as well as with leaders from finance, agribusiness...
...Insurers are rushing to get their head around the size and variety of the potential claims....
...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”....
...Prime candidates for risk are entities with particularly high exposure to private credit markets, such as insurers influenced by private equity firms and certain groups of pension funds....
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