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...Eiopa is helping to foster public-private schemes in countries including Italy that can ultimately make insurance more affordable and accessible....
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...Against this backdrop, insurers in various countries are being urged to consider more closely the risk that their offshore reinsurance arrangements might fail and they are forced to take back their liabilities...
...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?...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Ageas has 44,000 employees in 13 countries. Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...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...
...coverage among the country’s 1.4bn population....
...It now employs 16,000 staff across 50 countries and the completion of its acquisition of TigerRisk gave it a significant reinsurance broking business....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...The ABI called for more to be done to “support communities up and down the country to be more resilient” to the weather....
...UBS also has upgraded the UK from “least preferred” to “most preferred” in its global strategy....
...(Do this thought experiment: picture a conglomerate controlling the same empire of companies as Berkshire, including in notably unpopular industries such as energy, insurance and banking; can you imagine...
...Some Tory MPs would have preferred Hunt to focus on more “retail-friendly” cuts to income tax....
...The company said its position in the iPhone maker was worth $135.4bn in the first quarter, down from $174.3bn at the end of 2023, indicating it had sold roughly 115mn shares in the company at the start of...
...Alas, the preferred UK model for delivering CBDC through payment interface providers makes erecting such safeguards difficult....
...The wall of buying has Beijing’s fingerprints all over it as Central Huijin, an investment arm of China’s sovereign wealth fund, joined a raft of state-owned insurance companies and asset managers in buying...
...Could ESG better account for a company’s climate governance?...
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...In the past year, the UK was the number one country worldwide searching for gadget insurance, according to Google Trends....
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
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