Hints and tips:
Related Special Reports
...About 45 per cent of the assets of private equity-linked US insurance companies are allocated to illiquid strategies including structured credit, mortgage loans and mortgage-backed securities, compared with...
...Lloyds is two years in to a £4bn, five-year investment plan to diversify its income away from mortgages towards income streams less dependent on interest rate changes including wealth management and insurance...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Speaking to the Financial Times, David Howden, founder and chief executive of insurance and reinsurance broker Howden, predicted the price of business cover would flatten this year as the supply of insurance...
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...Now numbers are back to nearly four-fifths of pre-pandemic levels, Tuesdays and Thursdays. The culture still needs improvement....
...The result is that home insurance costs are rising fast, up by a fifth in the US on average last year....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...When insurance companies cede risk to reinsurers, they heavily scrutinise them either directly or via careful monitoring of their credit rating reports....
...Some flood-hit households may be eligible for the so-called Build Back Better scheme provided by Flood Re, the UK reinsurance scheme, and participating insurers....
...from state-owned insurance companies....
...challenges in reinsurance availability”....
...The deal would also be a rare acquisition of a listed company by a mutual, which is owned by its more than 16mn members who have a current account, mortgage or savings with the company....
...UK home insurance prices are expected to rise by more than a third over the next two years, according to a new forecast, as insurers respond to their worst year for underwriting in decades by pushing premiums...
...This year, only one-third said they would invest using Isas, compared with more than half of respondents to our 2023 survey....
...So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...I own an equal third share of a property in France, worth £350,000, with my two brothers. We also own an equal third share of a UK property, worth around £750,000....
...The Association of Mortgage Intermediaries estimates that more than two-thirds of those coming to the end of a fixed rate will end up either remortgaging or fixing again with the same lender via a broker...
...It increased prices for property and catastrophe reinsurance by a fifth at the July renewals....
...Profits at Fifth Third plunged nearly 30 per cent in the quarter compared with the same period a year ago, while profits at Citizens fell about 70 per cent....
...We believe the company continues to face catastrophe risks in its homeowners business line in the third and fourth quarters of 2023 mainly from wind and fire disasters that could further erode earnings,...
...The UK market will manage perhaps 1mn transactions this year, said Richard Donnell at Zoopla, a fifth below the long-term average and a third below the highs of the pandemic....
...The UK’s market is centred on Lloyd’s of London, which is a hub for negotiation of these policies, while Switzerland is host to big insurance and reinsurance groups such as Zurich and Swiss Re....
International Edition