Hints and tips:
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...“Flagstar has gotten a very fair deal,” said Christopher Whalen, a veteran bank analyst....
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...Alleghany, a property and casualty insurance and reinsurer, has long been described as a mini-Berkshire Hathaway....
...RMS (which stands for Risk Management Solutions) mostly sells to property and casualty insurers, and reinsurance companies....
...Property and casualty cover is seen as a far more natural home....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...The disposal leaves The Hartford, whose history stretches back to 1810, focused on property casualty insurance and employee benefits....
...It will complete our exit from the run-off life and annuity businesses and strengthen our focus on growing our market-leading property and casualty, group benefits and mutual funds businesses....
...The long list of disposals included Indonesian-origin Dutch trading house Hagemeyer, its flagship Thai consumer-products company Berli Jucker, a stake in property manager Savills, banks and more....
...He believes that the deal will allow Axa to shift from a reliance on life insurance and grab a stronger position in commercial property & casualty insurance....
...China listed its first major fintech company in 2017 with the listing of ZhongAn Online Property and Casualty Insurance in September, which raised $1.5bn....
...It was the year the FSA brought its first criminal case of insider trading — against a general counsel of a communications company, Christopher McQuoid, and his pensioner father-in-law, who were both found...
...This high profile casualty of the trade war won’t go unnoticed among multinational companies. Garry Young, NIESR Chelsea will win the cup....
...Others are more frivolous: Yasuda Kasai, the Japanese insurance company, paying $40m for Van Gogh’s “Sunflowers” in 1987; and Chinese billionaire Liu Yiqian’s 2015 purchase of a Modigliani painting for $170m...
...The results from the Hartford, which sells mutual funds as well as property and casualty insurance and group benefit policies, are the latest sign of a squeeze on the industry’s profits....
...It is also the parent company to PICC Property and Casualty, which is already listed in Hong Kong....
...What is more, incoming capital rules for insurers in the European Union are widely expected not only to add to this mountain of inactive property and casualty insurance books, but also to increase the economic...
...Wendell V. Graham, Washington DC, USA TF: In total about 24 UK stocks can be bought in the US....
...Over the last year, we understand that a number of AIG’s 100,000+ employees have left A.I.G. to join the company’s direct competitors in the global property and casualty and life insurance businesses....
...KfW led the initiative to rescue IKB, which ran up huge losses on complex financial instruments backed by risky US property loans....
...Within days, Mr Greenberg, the company's chief executive and one of the most powerful men in the global insurance industry, was forced to resign. He was not the only casualty....
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