Hints and tips:
...’s property market....
...The insurer was likely to “receive questions about potentially buying a commercial lines [property and casualty] business at the top of the cycle . . . but the purchase price seems reasonable in this respect...
...During the recent annual meeting of China’s rubber-stamp parliament, Yi Gang, former head of the People’s Bank of China, cited the need for an insurance mechanism for presales, which he said would help the...
...Blackstone has hired Dan Leiter as international head of the firm’s credit and insurance business. He previously worked for Morgan Stanley....
...Keese predicted that the market’s “reinsurance to close” mechanism at Lloyd’s — where underwriting books are effectively closed after three years and reinsured — would allow other areas of property & casualty...
...Country Garden has missed its final deadline for the coupon payment on a dollar bond, according to three creditors, making what was once China’s biggest developer by sales the latest casualty of the country...
...Both companies — the world’s top two sellers of EVs — have cut prices to stimulate demand as they face increased competition, especially in China....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...costs, particularly in areas such as property cover....
...Need to know: global economy China set an ambitious target for economic growth of 5 per cent this year as premier Li Qiang promised to tackle the property crisis, high local debt and troublesome deflation...
...Non-state actors: It isn’t China or Russia that will dominate the post-American world, writes Janan Ganesh....
...On Wednesday, insurance brokerage Aon struck a deal to acquire NFP, a private equity-backed midsized property and casualty broker, for $13.4bn....
...control of the company....
...However, I’m kind of long the insurance industry, specifically kind of property casualty insurance industry. Now, everybody hates on this industry a little bit because, you know, the doomers, again....
...Its figurehead is Ken Lui, a 42-year-old investor who made his money from property, according to his spokesperson....
...However, the Federal Deposit Insurance Corporation estimated that losses to its insurance fund would be about $13bn....
...The support package from the People’s Bank of China and the China Banking and Insurance Regulatory Commission had urged banks to roll over their loans to the property sector and provide builders with more...
...They needed their own training, insurance and vital equipment....
...Sunshine is the seventh largest local property and casualty insurer. Third, the industry is highly competitive. Ping An, People’s Insurance and China Life dominate....
...In the property and casualty insurance division, a weaker combined ratio — claims and expenses as a proportion of premiums — was attributed to greater delinquencies in credit insurance....
...Shares in Chinese property companies jumped on Monday following a series of supportive policy announcements, as regulators stepped up efforts to curb property sector turmoil weighing on the world’s second-largest...
...For contracts renewing in July, Swiss Re implemented a 12 per cent rise in premiums across its property and casualty business, which includes natural catastrophe cover and other types of insurance....
...What’s a couple of hurricanes and floods a year and high insurance when you got low taxes and rising property rates?”...
...BEA China was fined Rmb11.2mn by the China Banking and Insurance Regulatory Commission in May 2021 for violating rules against granting loans to real estate developers and failing to record those loans in...
...Weeks later the company agreed to sell its US insurance group AmeriTrust to US provider AF Group. In late May, Fosun sold its last chunk of shares in Tsingtao Brewery for $523mn....
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