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...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...The Australian businessman’s company Greensill Capital, which counted former UK prime minister David Cameron as an adviser, collapsed in 2021 after failing to renew its insurance cover....
...The firm collapsed in March 2021 after it failed to renew its insurance cover....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Farmers Insurance, one of the biggest property and casualty providers in the US, found itself under attack this year for political “wokeness”....
...Europe’s second-biggest insurer, which cemented its focus on property and casualty insurance with the $15.3bn acquisition of XL in 2018, said it would prioritise dividend growth and annual share buybacks...
...An insurance company “needs to have the longer-term alignment”, Borean said, adding that each situation needs to be viewed on a “case-by-case basis”....
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...beyond many Chinese residents, particularly farmers and migrant workers who lack access to better urban and private benefit schemes....
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...Decades of low prices have left cash-strapped west African farmers unable to invest in their plantations....
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...It is the same reason why farmers often prefer to bank with their local community banks....
...The study explored how integrating “parametric insurance” (which pays out a pre-determined amount based on the occurrence of a specific event) with loans can enhance financial inclusion for smallholder farmers...
...Refining and expanding this technology seems a sensible insurance policy in uncertain times....
...As at the end of 2022, US insurers (primarily life insurance companies) held some 20 per cent of all outstanding US commercial mortgage loans, accounting for 9 per cent of the insurance industry’s total...
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Among Berkshire’s operating segments, the backbone insurance business has had a strong 2023. High interest rates have boosted investing income in 2023....
...Having outperformed other financials last year, the S&P Property & Casualty Insurance index is down 7 per cent so far this year. That compares with the S&P 500’s 15 per cent gain....
...Andrew Bailey dishes out tough love to British public Aggregate demand: UK homeowners secure £800bn windfall with house price rise Fiscal policy: Lower public borrowing gives Sunak room to stall national insurance...
...If a combined ratio is above 100, that means a company’s insurance business is unprofitable, or it’s paying out more in claims and operating expenses than it is earning in premiums....
...This was offset by strong trading in property and casualty insurance, which helped the company generate €4.1bn in underlying earnings....
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