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...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...This part of the insurance industry has been hit by four consecutive years of outsized losses from extreme weather....
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...In October the EBRD provided $100mn out of a $480mn international funding package for MHP, saying the company was “of vital importance to Ukraine’s and global food security” as well as playing “a crucial...
...According to the business department, taxpayers could be liable for £2mn in redundancy payments that were paid to staff of Greensill Capital’s management company by the National Insurance Fund....
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the final three months of last year, the 25th straight quarter of increases....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...the week If companies can use artificial intelligence rather than advertising agencies to market their brands, what’s the point of ad executives who ply their trade by selling creative concepts?...
...The Belgian company reinforced the idea that this is a cut-price, opportunistic bid, with a second cash-and-shares proposal of about 239p per share....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...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...
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...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...
...Chart du jour: Boom market The enormous surge in European defence spending as a result of Russia’s invasion of Ukraine has seen arms companies increase production — and sent their share prices surging....
...“Farmers Insurance is well on its way to becoming the Bud Light of insurance,” Florida’s CFO Jimmy Patronis said, referring to the culture wars controversy that embroiled beer company Anheuser-Busch InBev...
...The area of private medical insurance that has seen the strongest growth has been in the number of people taking out personal cover, according to a survey by Statista Consumer Insights, a research company...
..., which have put the costs of health insurance beyond many Chinese residents, particularly farmers and migrant workers who lack access to better urban and private benefit schemes....
...Meanwhile, take up of the flagship payment under ELMs — the Sustainable Farming Incentive — has been low, with only a fraction of the 82,000 farmers who are eligible having signed up....
...It had also seen some examples of companies paying out 70 per cent of the premiums in commission to third parties involved in selling the add-on insurance....
...However, critics of the project have said it rewarded investors at the expense of taxpayers and customers....
...In a letter to the commission on Monday, the Greens said farmers were “trapped in a system that was crushing them” and Brussels should propose measures including a windfall tax on agri-food companies to...
...It would be preferable if I could store my personal data and port it myself between insurers, rather than it being secured (at best) in one company’s database....
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