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...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...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...
...UK car insurance prices fell at the start of 2024 in the first quarter-on-quarter drop in more than two years, signalling some relief for households after costs hit an all-time high....
...first....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Aviva is re-entering Lloyd’s of London for the first time in more than two decades to boost its exposure to the thriving commercial insurance market....
...Instead, he said, they should focus on supporting the energy transition, by creating new types of insurance coverage that support key technologies and companies involved....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...The first 60 battery-powered buses will be leased to the Go-Ahead Group, one of Britain’s biggest transport operators, and run on routes throughout London....
...Howden recently completed a $7bn refinancing, including raising its first high-yield bond, as it took advantage of calmer debt markets....
...It helps that the company also posted its strongest first-half cash generation since 2017. But in the short term, top-line growth is well out of reach....
...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....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Net fees earned from investments sold for a profit fell 25 per cent in the quarter to $293mn, and have halved over the past twelve months....
...As a result Del Fante decided he could increase the dividend payout ratio to 65 per cent of net profits....
...In all, BofA’s net profit fell to $6.7bn in the first three months of the year from $8.2bn a year earlier, the Charlotte-based lender said. Revenues in the period slipped 1 per cent to just below $26bn....
...That offered only a 3 per cent improvement on its first attempt. It did tweak the cash portion higher by 20 per cent....
...A trading update on Friday showed Generali suffered a net outflow of €8.7bn from savings products over the first nine months of the year....
...Higher investment income on fixed-income returns also contributed to the rise in group profits, the company said on Friday....
...Despite the brighter outlook for net interest income, on average across the six banks analysts are anticipating net income for the first three months of 2024 will fall about 14 per cent, according to consensus...
...Rossi, who became chief executive in late 2022, highlighted the group’s investment performance across its funds and the contribution from the life insurance business as the reasons behind the company’s recent...
...The public listing of European private equity firm CVC Capital Partners will net one of its co-founders, Donald Mackenzie, a windfall of up to €150mn....
...For the first time in more than a decade, solid yields are available on the highest-quality bonds....
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