Hints and tips:
...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....
...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....
...Swiss insurer Zurich is to expand in the US with its $3.9bn acquisition of MetLife’s property and casualty insurance business....
...“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.”...
...These include: Lending products — including Property Assessed Clean Energy (PACE) loans Savings and investment products — including community municipal bonds Tenancy agreements — green leases Energy...
...Property and casualty cover is seen as a far more natural home....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...The long list of disposals included Indonesian-origin Dutch trading house Hagemeyer, its flagship Thai consumer-products company Berli Jucker, a stake in property manager Savills, banks and more....
...Chubb will give Ace a bigger footprint in the US, where it is a leading middle-market underwriter for commercial property and casualty insurance....
...property since the financial crisis....
...But this quarter, Chartis, which insures individuals, homes, vehicles and business property, reported a $1bn after-tax gain, against a $424m loss a year ago, helping AIG report a 49 per cent rise in net...
...In the non-life sector, Tokio Marine, one of Japan’s leading non-life insurance companies, acquired Philadelphia Consolidated, a US property and casualty insurance company, for $4.7bn in 2008....
...As incredible as it may seem, there are yet more casualties. The mortgage insurers, for example, fared just a bit better than their credit insurance cousins....
...AIG led US shares close to 14-month highs on Tuesday, after the company halted plans to sell its property-casualty unit....
...But its shares dropped 9.7 per cent to $35.48 after sales declines at its property-casualty operations, which include coverage of commercial buildings, corporate boards and aircraft, and life insurance divisions...
...“Lehman Brothers was a casualty at the leading edge, but it was not the cause of the storm,” he says....
...The biggest uncertainty during the year was quantifying the impact of the world economic crisis on consumer demand for technology products, such as handsets and home computers....
...The chances of the average homeowner not getting an insurance claim paid if AIG’s holding company had been allowed to go under were slim, since its local property and casualty operations are sturdy and well-run...
...In the view of several present and former AIG executives, Mr Sullivan was a brilliant insurance man but the group had become much more than an insurance company and he lacked a deep understanding of the...
...Liberty Mutual, the auto and home insurer, on Wednesday agreed to buy Safeco for $6.2bn in a deal that creates the fifth largest-US property and casualty insurer and could herald further consolidation in...
...TrygVesta has 3,700 employees and the Group’s insurance products provide protection for more than two million private individuals....
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