Hints and tips:
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...Our first pick, the property casualty reinsurer and primary insurer Everest Group, ticked all our boxes well: a cheap stock with a history of delivering growth, and with industry tailwinds to boot....
...Meanwhile, Berkshire remains so well-capitalised, it should absorb any property and casualty claims from its customers....
...David Mitchell, a cancer patient and founder of Patients For Affordable Drugs, said Humira was the “poster child” for misusing the patents system....
...Once companies have addressed the main risks, they can move to cover any residual risk with cyber insurance....
...a slimmed down, specialist property and casualty insurer....
...On Monday, Berkshire announced it would buy the property and casualty insurer Alleghany Corporation for $11.6bn in cash. Buffett has known Alleghany for years....
...The company is the only big US insurer to combine life with property and casualty units, impeding comparisons with peers....
...A key area of Alleghany’s operations is property and casualty insurance and reinsurance, expanded under the leadership of chief executive Weston Hicks between 2004 and 2021....
...But one of the jewelled eggs was bought in 2004 by the now sanctioned oil and gas mogul Viktor Vekselberg, who later passed its ownership to a company registered in Panama, Lamesa Arts Inc; it is usually...
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...Alleghany, a property and casualty insurance and reinsurer, has long been described as a mini-Berkshire Hathaway....
...The insurance company offered to settle the dispute if RiseBoro paid a sum exceeding $1m, according to a person familiar with the talks, but RiseBoro declined the offer....
...Swiss insurer Zurich is to expand in the US with its $3.9bn acquisition of MetLife’s property and casualty insurance business....
...Zurich Insurance is in talks to buy the US property and casualty insurance unit of New York-based MetLife, according to a statement from the Swiss company....
...The company also said that Peter Zaffino, the 53-year-old head of the property and casualty insurance unit, would succeed Brian Duperreault, 73, who has been group chief executive since May 2017 and would...
...The group plans to separate its life insurance unit from its broader property and casualty business, a move that had been long demanded and long resisted....
...Casualty Insurance Association....
...“The top four property & casualty [insurance] carriers in the US were established in and around the great depression and their product offering hasn’t changed a whole lot since then.”...
...Premiums written in AIG’s core property and casualty insurance business are expected be flat with 2019, at $45bn....
...economy since January might well be followed by a second-quarter rebound — the much vaunted “V-shaped recovery”....
...Insurance premiums written at the company’s big property and casualty operations were down slightly from the year before....
...So far though, most of the action has been in property and casualty insurance — cover for buildings, cars and business....
...Net property and casualty premiums written — a measure of sales activity, less risks passed on to reinsurers — fell 6 per cent from the year before....
...State National is a speciality property-casualty insurer rather than a car insurer....
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