Hints and tips:
...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....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...Our analysis suggests there is limited liquidity risk under our base case with all companies having sufficient funds to last until trading is forecast to normalize in September....
...The tie-up between the number two and three brokerage companies in the insurance industry would be a game changer but competition authorities (and rivals) are likely to have something to say about it....
...Simon Kirby, chief operating officer at Rolls-Royce, is stepping down just 19 months after taking the post, becoming the first high-profile casualty of the FTSE engineer’s latest restructuring....
...Sovereign wealth funds and mega fundraising? Check. Telecoms and connectivity? Check. Insurance? You get the picture....
...But if Irma does serious damage, pension funds and ordinary investors who bought them are going to take big losses....
...European bank consolidation on the cards A trio of stories from continental Europe suggest that bank consolidation may well be picking up....
...This high profile casualty of the trade war won’t go unnoticed among multinational companies. Garry Young, NIESR Chelsea will win the cup....
...Prudential stressed that it had limited exposure to continental European markets....
...The division benefited from lower damage claims and a one-off gain on the sale of the personal insurance business of Fireman’s Fund Insurance Company....
...On a like-for-like basis, revenues rose 2 per cent across the company, driven by a 3 per cent improvement at its property and casualty insurance arm....
...However, TPG V – which began investing in 2006 and is one of TPG’s largest funds with $15bn in commitments – has suffered from very poor performance....
...POP Ziggyology , by Simon Goddard, Ebury Press, £20, 352 pages After the comeback and the V&A retrospective comes Bowie fatigue. Do we need more adulation?...
...What is more, incoming capital rules for insurers in the European Union are widely expected not only to add to this mountain of inactive property and casualty insurance books, but also to increase the economic...
...to fund acquisitions....
...Love, an insurance executive who has also hired A.I.G. talent for his company, Investors Guaranty Fund of Pembroke, Bermuda....
...And so I opened an office for them in ‘96 and then an insurance company in ‘97, a little insurance company we called Berkshire Hathaway International, so we did all that....
...There are also smaller pockets in Australia and continental Europe. “The Tamil diaspora in the US and the UK are not riffraff....
...Prior to the turmoil, expectations were that variable annuities would proliferate across continental Europe and the UK....
...Already a new chief executive has been appointed at Fireman’s Fund, its US general insurer, and Mr Booth is targeting cost savings from initiatives such as creating a single information technology platform...
...But it was insurance he chose and it was in insurance that he made his fortune. After a spell with an insurance company owned by C.H....
...The subprime express continued its journey through continental Europe, as BNP Paribas announced it would “temporarily suspend” three of its funds investing in asset-backed securities....
..., the Romanian oil company, “implies acquisition risk, as the company may dilute value to achieve growth targets in Central Europe”....
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