Commerce and Industry Insurance Company

April 7, 2024

Lloyd’s of London attracts biggest ‘Names’ syndicate since 1990s

...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....

March 28, 2024

FT Live

Global Insurance Summit

Strengthening resilience, capital and innovation as systemic risks evolve

US-China relations

US revokes licences for supply of chips to China’s Huawei

...Michael McCaul, Republican chair of the House foreign affairs committee, has repeatedly urged the commerce department’s Bureau of Industry and Security to take a tougher stance on Huawei....

May 8, 2024

UK insurance industry

MS Amlin sets growth plan after underwriting turnaround

...This part of the insurance industry has been hit by four consecutive years of outsized losses from extreme weather....

March 12, 2024

Pensions industry

UK pension trustees raise alarm on transferring risks offshore

...Many UK businesses with large pension schemes have offloaded them to life insurance companies....

February 4, 2024

Ian Smith

It is right that reinsurers are finding it harder to fly under the radar

...The steep rise in the cost of home insurance in the US and elsewhere can be traced, in part, to a move two years ago by P&C reinsurers to increase the price of cover against natural catastrophes and toughen...

May 7, 2024

FT Live

US Pharma and Biotech Summit

Strategies for innovation, pricing and access

The FT ViewThe editorial board

The painful rise in home insurance costs

...As insurance companies recover from recent losses, and inflation falls, there should be scope for more competitive pricing....

April 1, 2024

Insurance

Chubb to send $350mn insurance payout for Baltimore bridge

...Last month, Chubb’s chief executive Evan Greenberg told analysts that the company’s “exposure is within what we would contemplate and there’s nothing outsize to us”....

May 2, 2024

News in-depthUS insurance industry

Traditional insurers are ‘like frogs getting boiled’, says industry veteran

...manager and adviser to other insurance groups....

April 28, 2024

Climate change

EU regulator urges action on climate threat to insurance

...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....

April 22, 2024

UK insurance industry

UK car insurance prices fall for first time in two years

...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...

April 18, 2024

EU-China relations

Chinese competition a ‘defining challenge’ for EU companies

...of Commerce in China....

May 10, 2024

Insurance

Scrapping the spreadsheet: start-ups take aim at an old insurance addiction

...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....

April 7, 2024

Berkshire after Buffett

Berkshire after Buffett: the risk ‘genius’ pulling the insurance strings

...But Berkshire shareholders and industry executives say Jain’s record — and the critical role of the insurance business — arguably make him the most important person at the company after Buffett....

May 2, 2024

UK insurance industry

UK home insurers hit by surge in weather damage claims

...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....

April 14, 2024

FT Live

Infrastructure Investment in Latin America and the Caribbean

Identifying opportunities for investors and asset managers

Rana Foroohar

The crippling home insurance crisis hitting America

...Why is the insurance industry so bad at pricing risk in a more precise way around the city, and indeed, much of the rest of the country?...

April 29, 2024

Ecommerce25 min

The rise of Pinduoduo and Temu: profits and secrets | FT Film

...We speak to different industry contacts that are in the e-commerce trade, both domestically and cross-border....

March 6, 2024

Special ReportHealth and Climate Change

Climate change a ‘significant’ risk to health, insurers warn

...But a less-followed risk is adding to unease at companies offering life and health insurance: scientists’ warnings, and research findings, that a warming climate is causing an increasing number of excess...

April 29, 2024

LexLloyd's of London Ltd

A Lloyd’s of London revival will require more nimble regulation Premium

...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....

March 22, 2024

Lloyd's of London Ltd

Lloyd’s of London delivers best underwriting performance since 2007

...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....

March 7, 2024

UK insurance industry

Admiral signals end of car insurance price surge

...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....

March 7, 2024

ageas SA/NV

Direct Line rebuffs £3.1bn offer from Belgian insurer Ageas

...Its existing UK operation is the sixth largest in car and home insurance, according to the company....

February 28, 2024

Direct Line Insurance Group PLC

Direct Line launches £100mn saving plan as it fights takeover interest

...This was offset by a positive contribution from other business lines, such as home insurance and motor rescue....

March 21, 2024

Aviva PLC

Aviva returns to Lloyd’s of London for first time in two decades

...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....

March 4, 2024

Indian business & finance

Private equity targets India’s healthcare sector with record investments

...Bain & Company on Thursday....

May 9, 2024

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