Hints and tips:
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...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....
...Eric Yuan, chief executive, claimed the company was moving from being “a killer app company to a platform company”....
...Its iptiQ unit helps other companies to develop insurance products....
...CIB missed on lower EQ revenues, while Insurance & Corporate Center beat. Payments were line....
...Financials the key sector beneficiary: We are Overweight Banks and Insurance from a top-down strategy perspective....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...Adam Cole at RBC Capital Markets says the GDP data support his view that Jay Powell will next week “characterise the [rate] cut as a quick dab on the accelerator as an insurance policy against global risks...
...“We’re escalating,” he says, raising his voice to be overheard over the strains of Nat King Cole’s “L-O-V-E”, blaring in the background. “This is basically day one.” courtney.weaver@ft.com...
...The company is expected to outline changes to software that controls a system designed to automatically prevent a mid-flight stall....
...; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...Simon Kirby, chief operating officer at Rolls-Royce, is stepping down just 19 months after taking the post, becoming the first high-profile casualty of the FTSE engineer’s latest restructuring....
...Mr Cole was speaking as the company reported that the disasters had pushed it to a $468m loss for the first nine months of the year....
...Shares of Travelers, one of the largest US property and casualty insurance companies, weighed on the broader Dow Jones Industrial Average with a drop of 3 per cent at the start of trading on Monday, after...
...Cole explains....
...Gross premiums written by Swiss Re’s main “property and casualty” division fell 17.6 per cent in the first quarter to $5.8bn....
...Casualty prices remain generally more stable with significant differences by market and product.”...
...Both companies provide property and casualty cover in the state, writes Alistair Gray in New York....
...Among the many tradeoffs emphasised by economists are guns v butter, public v private, efficiency v equity, quality v quantity or cost and short-term v long-term performance....
...“We think the market will be disappointed by the [property and casualty] results.”...
...This is the kind of progressive social policy that this Government is proud to pioneer....
...However, a strong performance from the Swiss reinsurer’s property and casualty division meant that, overall, Swiss Re comfortably exceeded analyst’s expectations....
...Mr Cole, a Dutch and American citizen who is currently Swiss Re’s chief risk officer, will take up his new post at the end of April when Mr Quinn joins Swiss Re’s rival Zurich Insurance....
...This will remove over £1bn from the cost of providing motor insurance. We expect the industry to pass on this saving, so motorists see an average saving of £40-50 per year off their insurance bills....
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