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...The chief executive of Aon, one of the world’s largest insurance brokers, has called for better modelling of climate risks, saying conditions in the property insurance market were “stressed” after a surge...
...Lloyd’s of London has attracted its biggest syndicate backed by individuals, or “Names”, since the early 1990s, as the insurance market looks to rebuild a base among private investors after its best performance...
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...The chief executive of Lemonade has criticised “naysayers” that predicted the lossmaking insurance start-up would go out of business after it reported a small rise in its cash and investments in the second...
...This part of the insurance industry has been hit by four consecutive years of outsized losses from extreme weather....
...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...Reinsurers “need to feel that it is not just about selling insurance and making a profit. It’s about responsibility as part of society”, Hielkema said....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Hyperexponential is just one of several new businesses hoping to automate the data input and analysis that is the mainstay of the job of underwriters — the insurance industry’s core decision makers....
...”, when the cost of insurance fell as miles driven, and accidents, plummeted....
...Motorists were quoted £941 on average for an annual insurance policy between January and March, according to a widely watched index of price comparison site quotes published by Confused.com and insurance...
...The chief executive of FTSE 100 group Admiral, one of the biggest UK car insurers, said its motor insurance prices had peaked, signalling the end of a surge in premiums across the industry that sent the...
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the final three months of last year, the 25th straight quarter of increases....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...The chief executive of the Lloyd’s of London insurance market has said insurers should “just get on with it” and pay out for the Baltimore bridge collapse, rather than waiting for years of wrangling over...
...MPs last year blamed regulatory foot-dragging for London losing out on $700mn of insurance-linked securities that went to Singapore....
...Cara Spinks Head of Insurance Consulting, OAC, London EC2, UK...
...Before you travel, always check to see how much you are paying or at least the value of the travel insurance element of the package and what you are covered for....
...A 2p cut to national insurance was the main talking point coming into Jeremy Hunt’s Budget speech. He duly delivered that, saying it was a move that would “grow our economy by rewarding work”....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...The headline tax cut of the Budget matches a 2p cut to NI that was the central giveaway in the Autumn Statement in November....
...Jonathan Dixon, secretary-general at the International Association of Insurance Supervisors, told the Financial Times that while the sweep of private capital groups into the life insurance sector helped...
...Conditions in the UK insurance sector are now improving, with the cost of motor cover having risen to an all-time high....
...Chancellor Jeremy Hunt said there were alternatives to a future abolition of national insurance, including combining it with income tax, a day after he announced a further 2p cut to the rate of NI in his...
...Your Big Read on the home insurance affordability crisis (February 14) adds to an ever-growing body of evidence about the effects of climate change and the case for swifter, deeper action....
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