Hints and tips:
...State National is a speciality property-casualty insurer rather than a car insurer....
...They also may have support from other investors, Aberdeen Standard Investments and Fidelity International....
...The insurer, which is more than 200 years old, has overhauled its operations in recent years to focus on property-casualty cover, as well as group benefits and mutual funds....
...Mr Binner added that AIG’s results this time would also benefit from a low level of losses across the property and casualty insurance industry....
...In a country with an often stark divide between state-owned enterprises and private sector companies, the property developer is neither fish nor fowl....
...Tongyang Life; and scooped up trophy properties in London and companies in Europe....
...“For most property/casualty coverages, and for property catastrophe coverages in particular . . . rates, in our view, are generally inadequate,” the company said in its second quarter filing....
...The National Institute for Economic and Social Research predicts that the British economy will grow by 3 per cent this year and business investment by 13 per cent as companies become more confident about...
...casualties and copper mines reported no major damage....
...Since markets reopened, shares in top US property and casualty insurers have lost only 0.2 per cent more than the benchmark S&P 500 index....
...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...
...Chartis, AIG’s property and casualty business, was forced to take a surprise $4.2bn writedown in late 2010 to bolster its reserves for asbestos and other claims....
...AIG, which operates four businesses in Japan under the umbrella of Chartis Inc, accounts for just under 9 per cent of Japan’s vast property and casualty insurance market, making it the market’s largest foreign...
...Chart’s Inc, the property and casualty arm of US insurer AIG and one of the biggest foreign employers in Japan, with more than 10,000 staff, began to move some managers and staff to offices in Osaka, Okinawa...
...Following the devastating earthquake and tsunami that hit north-east Japan, the strongest in 140 years, the US’s KBW property and casualty index fell 0.7 per cent, even as the broader market saw gains....
...The mortgage insurers, for example, fared just a bit better than their credit insurance cousins. But companies such as Radian Group, MGIC and PMI remain shadows of what they were....
...Over the last year, we understand that a number of AIG’s 100,000+ employees have left A.I.G. to join the company’s direct competitors in the global property and casualty and life insurance businesses....
...But its shares dropped 9.7 per cent to $35.48 after sales declines at its property-casualty operations, which include coverage of commercial buildings, corporate boards and aircraft, and life insurance divisions...
..., as well as property and casualty insurers and pension funds....
...The chances of the average homeowner not getting an insurance claim paid if AIG’s holding company had been allowed to go under were slim, since its local property and casualty operations are sturdy and well-run...
...For all companies in China, the slowdown will heighten competition and will lead to casualties and rationalisation, which could be healthy....
...No financial services sector is more dependent on the vagaries of climate and weather – and thus more vulnerable to the risks posed by insufficient environmental information – than property and casualty...
...He took control of Berkshire Hathaway, then a sleepy property-casualty insurer, in 1965 and proceeded to run it like a value-oriented hedge fund, taking either total ownership or substantial stakes in insurance...
...The massive losses sustained by the insurance industry in Andrew's aftermath threatened the solvency of some casualty underwriters and led to Florida's establishment of a state-sponsored catastrophe fund...
International Edition