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...Lemonade, whose shares have fallen more than 70 per cent since its first day of trading in New York in 2020, provides a range of insurance including for homes, pets and cars to customers in the US and Europe...
...He hailed a recovery in the unit, which posted an underwriting profit in 2022 for the first time since its takeover of the group....
...The first-tier tribunal criticised a “complete lack of transparency with leaseholders regarding these commission payments” by the freehold owner and a management company, both Yianis Group subsidiaries....
...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...
...I would have preferred that we focus on innovating first because innovation will secure our space in the future.”...
...first....
...In Europe, Cinven’s problems have underscored the risks of the first model, they say. “All EU regulators are really down on PE fund owners right now,” said one insurance executive....
...Women can have the procedure up until the 14th week of pregnancy with costs covered by national health insurance....
...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....
...Some policies may include your children but have a condition that they are in full-time education and travelling with you as part of your group trip....
...The Ageas announcement made no mention of the earlier rejection, which was first reported on Wednesday by Bloomberg....
...Total returns for the group’s shares have underperformed the Stoxx 600 insurance sector by a third over the past three years....
...Howden recently completed a $7bn refinancing, including raising its first high-yield bond, as it took advantage of calmer debt markets....
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...and workplace insurance products such as pensions....
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...Russia has increasingly relied on the “dark fleet” to transport its oil after G7 nations imposed a price cap of $60 a barrel following the full-scale invasion of Ukraine....
...Private capital groups such as Apollo, KKR and Brookfield have swept into the life insurance sector since the financial crisis, buying insurers and reinsurers or striking asset-management partnerships....
...The group’s chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in its general insurance business....
...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....
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...Under-insurance is a vast problem in the island nation; 95 per cent of those affected by 2021’s Hurricane Elsa did not have insurance....
...The potential inheritance tax benefits of pensions mean Isas are often drawn on first, with pensions held in reserve....
...Presenting his first set of full-year results on Thursday, just weeks after he joined the group, Adam Winslow said Direct Line had a “strong platform for recovery”....
...Hunt warned moderate Tory MPs from the One Nation group to temper their expectations of big tax cuts at a private meeting on Monday. “He said there wasn’t a shed load of money,” said one attendee....
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