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...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...Ageas said on Wednesday it was examining a possible offer for the company — made up of cash and its own newly issued stock — amounting to an implied value of 233p per Direct Line share, a premium of 43 per...
...Insurance is not supposed to be exciting. But Direct Line needs to offer some zing to its shareholders if it is to shake off the attentions of Belgium’s Ageas....
...and workplace insurance products such as pensions....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...The company has targeted £100mn in annual cost savings by the end of next year, and a tougher underwriting profit target to be achieved by 2026....
...Premiums from its general insurance division, which includes car insurance, also grew....
...In a statement on Wednesday, Ageas said it would offer a mixture of cash and Ageas shares, amounting to an implied value of 233p per Direct Line share, a premium of 43 per cent to the company’s previous...
...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...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....
...While rivals like Legal & General or privately held PIC chase after the multibillion deals, Just focuses on smaller, sub £100mn transactions, with nearly a third of the market....
...Employee ownership accounts for a third of Howden’s shares, alongside external minority shareholders including private-equity groups General Atlantic and Hg....
...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...
...Instead, the government investment suggests that the company will replace the blast furnace with the direct reduction process which is more energy efficient....
...After the financial crisis struggling banks sold or spun off insurance units: the UK’s RBS (now NatWest) spun off Direct Line; ING of the Netherlands listed insurer NN....
...While Johnson says business is good, and the company has just had its first year of profit, he emphasises the challenges of being an independent operator....
...Proxy advisers “do serious harm” to the competitiveness of UK companies says the AstraZeneca chair (Report, April 16). They do indeed....
...Car companies including General Motors and Ford said on Tuesday that they would work to reroute shipments to nearby ports, while Nissan said it did not expect significant disruption....
...The FTSE 250 insurer said it had appointed Winslow, currently head of Aviva’s UK and Ireland general insurance business, effective in the first quarter of next year....
...National General implemented rate increases at 10% in 2022 and an additional 12.8% in 2023....
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