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...South Carolina rules limit investments in a single issuer to 3 per cent of assets, and in Utah the cap is 10 per cent....
...Aspen is owned by private equity group Apollo and sells insurance and reinsurance through the Lloyd’s of London market as well as in Bermuda and the US....
...Through a translator, she indicated she would plead not guilty and did not apply for bail. She gave her date of birth as November 10 1990. “There should be no rush to judgment in this case....
...Liès said there was a need to bring “neutrality and objectivity” to the climate discussion, and that the insurance industry could provide that through its expertise in the modelling and pricing of risk....
...The Swiss insurer said it expected more than 10 per cent compound annual growth in its earnings per share between 2023 and 2025, two percentage points above its original target....
...Axa pledged to hike returns to shareholders in coming years through higher dividends and annual share buybacks as the French insurer laid out plans to extend its products to mid-sized companies and sell...
...Direct Line’s shares were 1 per cent higher in early trading....
...(Data on insurers’ sovereign exposure is less granular, but across the European Economic Area is about €1.6tn.) The issue is troubling on other grounds, too....
...For example, in recent decades, a swing of just 1 million barrels can swing crude oil prices dramatically even in a market supplied by roughly 100 million barrels per day....
...Big share price moves in Europe today include UK insurer Direct Line, UK-based transport company Mobico and Italian carmaker Ferrari: Direct Line: The UK-based insurer’s shares plummeted 14 per cent in...
...Tirzepatide’s list price is $1,060 for four weeks of supply....
...Life insurers could pass some or all of this benefit to policyholders through higher crediting rates, which could stimulate higher sales....
...Neal told the Financial Times that the incident had the potential to produce the largest marine insurance claim in history, topping the crash of the cruise ship Costa Concordia in 2012, which cost about $1.5bn...
...Admiral had even put through a “small price decrease” in the past few months as it sought to win more business....
...The group said it would launch a €1.6bn share buyback and raise its dividend by 16 per cent compared with the previous year....
...On Monday, the Helsinki-based business completed the demerger of its life business Mandatum, whose shares valued the spin-off at €1.9bn....
...In the presentation, 777 said its approach could generate returns on equity of more than 40 per cent, compared with the 10 per cent in the “traditional approach”....
...This proportion falls to 6 per cent over 10 years....
...Shares in CVS Health fell more than 8.1 per cent — its biggest daily fall since October — at the close on Thursday following a decision by one of California’s largest health insurers to drop the company’...
...They also charge an upfront fee of 1-3 per cent. Trump’s lawyers told the court in a filing on Monday they had approached 30 large insurers but that none was willing to underwrite the bond....
...These added charges have jumped by 10 to 15 times in recent months, said market participants, contributing to some clients’ decisions to reroute their ships around Africa....
...(Patrick Temple-West) TAX POLICY Taxes take centre stage Monday was the US federal tax due date for Americans — a culmination of our annual slog through the IRS’s painfully complex rules....
...“If you have 10, 20, 30 years left to live, you don’t say goodbye or goodnight to equity returns completely.”...
...But conditions in the sector have stabilised over the past year as insurers started to push through big price rises to counteract the claims costs....
...Unlike rivals such as Apollo Global and KKR, both of which own large insurers, Blackstone manages assets it acquires on behalf of insurers such as Allstate and AIG....
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