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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 will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...by the end of the year, provided a riposte to “naysayers” who said the company was “going to burn through [its cash] and go out of business”....
...He called on the government to launch a review of the tax rules and said this should look at its impact on the hiring of contractors....
...The former president’s team had spent “countless hours negotiating with one of the largest insurance companies in the world”, the lawyers wrote, but had concluded that “very few bonding companies will consider...
...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...
...This roughly doubled the company’s order book compared with the previous year. Hybrid bonding last year brought in €36mn in revenues, less than a tenth of group sales....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...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”....
...that “very few bonding companies will consider a bond of anything approaching that magnitude”....
...The company, which employs 3,400 people, also makes components for electric motors and wind turbines....
...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....
...US contractors lead the list of the world’s largest defence companies by revenue, according to the Stockholm International Peace Institute’s latest ranking....
...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....
...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....
...The deal will greatly expand Home Depot’s reach among contractors and builders....
...Some hiring companies had been better at getting a grip on the complicated rules and at developing systems to fairly assess contractors, Maley said, but others had simply decided not to hire contractors...
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...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....
...But UK business has been brisk: rising interest rates have transformed funding levels in defined benefit pension schemes and enabled companies to consider offloading future liabilities....
...Speaking to the Financial Times, David Howden, founder and chief executive of insurance and reinsurance broker Howden, predicted the price of business cover would flatten this year as the supply of insurance...
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