Hints and tips:
...On Wednesday, insurance brokerage Aon struck a deal to acquire NFP, a private equity-backed midsized property and casualty broker, for $13.4bn....
...In this version of London, Soho House members club has turned Richard Rogers’ former Lloyds Insurance building into a multistorey, 24-hour nightclub....
...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....
...But with competing claims on some of the properties, the title insurance companies refused to provide the unconditional cover required for lenders to finance Mirae’s $5.8bn purchase....
...The tech revolution has not only seen an explosion in innovation, it has also prompted a surge in legal disputes over intellectual property....
...He believes that the deal will allow Axa to shift from a reliance on life insurance and grab a stronger position in commercial property & casualty insurance....
...Both companies provide property and casualty cover in the state, writes Alistair Gray in New York....
...This high profile casualty of the trade war won’t go unnoticed among multinational companies. Garry Young, NIESR Chelsea will win the cup....
...From 2018, they will also attract employer national insurance....
...This will remove over £1bn from the cost of providing motor insurance. We expect the industry to pass on this saving, so motorists see an average saving of £40-50 per year off their insurance bills....
...The car insurance part of property and casualty turns over much faster, however. It is a business of annual premiums and frequent costs, so that float is going to shrink....
...Financial Times) A powerful earthquake struck off the northern coast of Chile, the world’s largest copper producer, triggering landslides and a small tsunami, although the region appeared to have escaped casualties...
...The UK’s Crown Prosecution Service has begun deploying specialist advisers to six countries including the United Arab Emirates....
...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....
...The large group of supportive insurance peers and Chinese state groups included AIG of the US, which pledged to buy $500m of stock....
...At the same time, it has participated in an industry-wide increase in pricing in its separate property and casualty business to make up for disaster-related losses last year....
...Chartis, the property-casualty insurer; SunAmerica, the life insurer; United Guaranty Corporation, the mortgage insurer; together with other businesses led by International Lease Finance Corporation, the...
...The final new product being launched is the PowerShares KBW Property & Casualty Insurance Portfolio which will invest in approximately 24 property and casualty insurance companies....
...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....
...The twin issues of debt and falling property prices will act as a drag on Dubai’s recovery....
...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...
...The deal will give Liberty, currently the sixth biggest US property and casualty insurer, a bigger presence on the west coast....
...As the US property market turned increasingly sour last year, AIG remained confident its CDS portfolio would weather the storm....
...China Life fell 3.1 per cent to Rmb30.35 after the insurer said it was injecting Rmb1.2bn ($173m) into its property and casualty division....
...However, news that Liberty Mutual Group, the property and casualty insurer, had agreed to buy Safeco, a home and automobile insurer on the West Coast, for about $6.2bn in cash, helped limit the downside...
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