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...He hailed a recovery in the unit, which posted an underwriting profit in 2022 for the first time since its takeover of the group....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...Sunak and chancellor Jeremy Hunt believe voters are starting to see evidence of a recovery, with real wages rising and unemployment rates below 4 per cent....
...In full-year results on Wednesday, the life insurance and asset management group reported a 45 per cent rise in new business profit — a measure of expected earnings from newly sold products — to $3.1bn,...
...Property catastrophe reinsurance, which insurers buy to share extreme weather-related losses claimed by homes and businesses they insure, has surged in price over the past 18 months, supporting a recovery...
...A surge in insurance prices has repaired damage to its underwriting margins....
...Investors are becoming increasingly optimistic about the near-term outlook for Germany, suggesting growing confidence that falling inflation and potential interest rate cuts will lead to a recovery....
...“That has undermined government efforts to boost consumption, which holds the key to China’s recovery from the post-Covid economic downturn.”...
...Francisco-based cyber insurer Coalition, and a former CIA analyst, said the Lloyd’s scenario “doesn’t fully consider the intricacies of computer network operations and exploitation, nor the robust safeguards and recovery...
...“An excessive focus on short-term wage developments may not take into full consideration the recovery in wages that can — and needs to — take place for the euro area’s currently fragile recovery to gain...
...“I think we’re still in the early stages of the recovery phase that will ultimately allow private equity investors to return capital....
...The economic sentiments from last week’s IMF and World Bank meetings were sanguine, at least compared to warnings of a ponderous recovery at the last meetings in October....
...KKR’s quarterly fee-based earnings increased 21 per cent from this time last year to $675mn, while it raised $31bn in new capital, mostly from its fast-growing insurance investment operations....
...Hunt’s cuts to national insurance contributions, combined with lower inflation and stronger wage growth, will help fuel a modest recovery in living standards, however....
...Climate change means your home insurance premiums are probably going up. So are reinsurers’ returns....
...UK motor insurance has had a rough ride. Motor policy prices fell during the pandemic as cars remained stuck on driveways. Recovery in car trips coincided with rising repair costs....
...He is due to meet counterparts in Washington as the IMF and World Bank hold their spring meetings and policymakers weigh the prospects of a modest global recovery this year....
...In its fourth-quarter results on Thursday, SocGen pointed to some signs of improvement, including a slight recovery in earnings from loans in its domestic business — echoing its French rival Crédit Agricole...
...Storah has almost 20 years of experience at the FTSE 100 insurance group....
...Better household finances could help stimulate a recovery in both spending and overall growth. Economists expect the improvement to continue this year as inflation declines and wages rise....
...Profits may be hit by additional fees as part of the Federal Deposit Insurance Corporation’s plan to recover losses associated with rescuing Silicon Valley Bank and Signature Bank last year, most of which...
...Until now, airline demand in Asia has lagged the recovery in the US and Europe following the pandemic slump....
...Rising public equity market valuations and demand from credit funds to make new loans are fuelling a recovery in activity....
...Rishi Sunak on Monday set out what Tory MPs dubbed a “1992 election strategy”, as he warned voters not to risk derailing a nascent economic recovery by putting the Labour party into office....
...Also with our emphasis: Since losses stemmed from a higher frequency of events there were minimal recoveries from reinsurance....
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