Hints and tips:
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...Lemonade recruited Sean Burgess from San Antonio-based insurance group USAA to be its chief claims officer....
...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....
...Its iptiQ unit helps other companies to develop insurance products....
...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...
...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....
...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.”...
...“We think the market will be disappointed by the [property and casualty] results.”...
...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....
...Business Unit JD Hughes Group Jomati Consultants Joseph Rhodes JSR Genetics K King Cole Kiveton Park Steel L Langtec Stuart Langworthy (E) Laser Quantum Law Business Research Linn Products...
...Greenberg has been quietly building up a family of insurance companies that could compete with A.I.G. To fill the ranks of his venture, C.V....
...- Acquisitive Australian conglomerate Wesfarmers promises dividend payouts in attempt to woo Coles shareholders....
...He told me that the “real money” (US insurance companies, pension funds, etc) accounts had stopped purchasing mezzanine tranches of US Subprime debt in late 2003 and that they needed a mechanism that could...
...In recent weeks the main casualty has been V-Bird, a small Dutch-owned carrier operating out of Düsseldorf-Niederrhein airport in Germany, which has ceased operations....
International Edition