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...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Insurance companies have lifted prices drastically in the past couple of years after spiralling inflation in their claims costs — as items such as car parts and second-hand cars became much more expensive...
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...As insurance companies recover from recent losses, and inflation falls, there should be scope for more competitive pricing....
...The expense ratio — 34.4 per cent last year — is likely to fall by two percentage points over the next few years, says S&P....
...Car owners have been squeezed by a surge in insurance prices since their pandemic lows, as companies try to reflect a surge in claims costs....
...Keese said he expected the cost of insurance to “level out” over the next four to five years rather than fall, arguing that reinsurers had failed to earn their cost of capital in recent years....
...A hard market, in industry parlance, is a period of rising prices where supply falls significantly behind demand....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...in meat products from the Netherlands....
...L&G’s balance sheet investment unit was flat after a tougher second half for the property market, and its asset manager, Legal & General Investment Management, posted an expected fall in profit as higher...
...The company left its guidance for 2024 unchanged. Shares in the group were down about 7 per cent on Wednesday....
...That cost inflation pushed the sector to its worst underwriting loss in a decade in 2022, triggering profit warnings and share price falls....
...And here’s an intriguing postscript: in the Netherlands, public sector water operators are funded by Nederlandse Waterschapsbank, a AAA-rated public sector water bank....
...For Křetínský to take over IDS, he will have to work with UK government officials, given that the company’s activities fall into a strategically important sector....
...Belgium and the Netherlands make up the biggest segment, at 28 per cent....
...Meanwhile, Swedish insurance companies have the highest holdings of stocks in the EU....
...Total revenue at Jumbo, which has 725 stores in the Netherlands and Belgium, rose to €11bn, 7.3 per cent higher than the year before....
...In the near-term, the company plans to import semi-finished steel from its bases in the Netherlands and India....
...In other countries, mortgage insurance mitigates the risk premium for high LTV loans. Even after paying for insurance against default, buyers can still save money....
...The company also reported a sharp fall in net income of $215.6mn for 2023, down from $1.03bn....
...It’s not a shock that corporate debt markets are healthy right now — economic growth is rolling along and rates markets are no longer pricing in recession, reducing companies’ incentive for waiting — but...
...As Sonali Basak pointed out on Bloomberg last week, if the assets are held within insurance-company subsidiaries, insurance regulators will have visibility, and there will be some required disclosures....
...The first-half loss was mostly attributable to a £68.1mn impairment to the goodwill of its insurance broking business, reflecting a fall in sales....
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