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...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...The syndicate, announced by industry veteran Richard Brindle’s Fidelis Partnership, aims to take in $180mn of premiums in the second half, and $450mn in 2025....
...This part of the insurance industry has been hit by four consecutive years of outsized losses from extreme weather....
...The White House and commerce department declined to comment. Japan’s ministry for economy, trade and industry and the Dutch government also declined to comment....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...“The fact that insurance grew here as an industry and as a business, it means that there is so much history and expertise, experience, skills, knowhow that is fostered here in the UK . . . and I would, as...
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Reinsurers have contributed to affordability problems, industry experts say, by charging much more for the cover they provide to primary insurers and tightening their terms....
...As insurance companies recover from recent losses, and inflation falls, there should be scope for more competitive pricing....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Insurance companies have lifted prices drastically in the past couple of years after spiralling inflation in their claims costs — as items such as car parts and second-hand cars became much more expensive...
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...We speak to different industry contacts that are in the e-commerce trade, both domestically and cross-border....
...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....
...Lloyd’s of London has delivered its best underwriting performance since 2007 and signalled that commercial insurance prices are likely to stay high in the coming years....
...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....
...“It’s going to have a very real impact on the ways companies behave and the expectations of individuals” regardless of whether it was legally put into effect, she said....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...This was offset by a positive contribution from other business lines, such as home insurance and motor rescue....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...month, industry bodies have warned....
...Employers’ association the CBI has proposed that employee assistance programmes, such as health insurance, be made a fully tax-free benefit, while the CBI and British Chambers of Commerce are calling for...
...Demand for private medical insurance in the UK is expected to rise this year, according to industry executives and independent analysts, as the junior doctors’ industrial action shows no sign of ending and...
...A hard market, in industry parlance, is a period of rising prices where supply falls significantly behind demand....
...Many economists say rising real wages, falling inflation, cuts in national insurance and the increase in the living wage will all help household incomes and spending....
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