Hints and tips:
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...On Wednesday, insurance brokerage Aon struck a deal to acquire NFP, a private equity-backed midsized property and casualty broker, for $13.4bn....
...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....
...Commended Liberty Mutual O: 7; L: 7; I: 7; Total: 21 The insurance company’s legal department is aiming to unify practice areas and encourage greater collaboration and agility in problem solving....
...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....
...Residents in the capital said they heard four huge explosions just before dawn. Russia yesterday acknowledged heavy casualties for the first time, disclosing 498 deaths and 1,597 injuries....
...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....
...The deal will combine the seventh and 18th-largest property and casualty insurance businesses in the US, creating a new number six in the market....
...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....
...“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.”...
...like NBC in the US and Discovery in Europe....
...Premiums written in AIG’s core property and casualty insurance business are expected be flat with 2019, at $45bn....
...But with competing claims on some of the properties, the title insurance companies refused to provide the unconditional cover required for lenders to finance Mirae’s $5.8bn purchase....
...economy since January might well be followed by a second-quarter rebound — the much vaunted “V-shaped recovery”....
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