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...But both property and casualty reinsurers, and their counterparts in the life business, are now attracting greater attention. Let us take them in turn....
...“Ajit’s achievements since joining Berkshire have been supported by a large cast of hugely-talented insurance executives in our various P/C [property-casualty] operations,” he wrote....
...Europe’s second-biggest insurer, which cemented its focus on property and casualty insurance with the $15.3bn acquisition of XL in 2018, said it would prioritise dividend growth and annual share buybacks...
...The PLD impact assessment estimated annual payouts from the reformed system could reach €217mn and insurance costs for companies rise around 10 per cent....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...Allstate’s 2Q underwriting results (as measured by its “combined ratio”) highlights what can happen when weather and economic conditions turn against property and casualty insurers....
...Insured losses from natural disasters in the US topped $275bn between 2020 to 2022, the most ever for a three-year period, according to the American Property Casualty Insurance Association....
...What we didn’t like was the shareholder structure, in which buyers of the American depositary shares owned a stake in a Caymans corporation that had indirect exposure in the onshore companies that operate...
...home insurance debacle and what it may portend for property markets....
...Five long positions in five very different industries (property casualty insurance; discount retail; health insurance; aerospace and defence; travel)....
...So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...However, I’m kind of long the insurance industry, specifically kind of property casualty insurance industry. Now, everybody hates on this industry a little bit because, you know, the doomers, again....
...On Wednesday, insurance brokerage Aon struck a deal to acquire NFP, a private equity-backed midsized property and casualty broker, for $13.4bn....
...Companies that directly benefit from low rates have done well. This includes the homebuilders (up 40 per cent or so) and commercial real estate plays such as Boston Properties and Simon Property Group....
...So is hunting for unusual properties, such as, in one case, an American whiskey distillery....
...Levitin is professor of law and finance at Georgetown Law. He is the author, with Susan Wachter, of The Great American Housing Bubble....
...At the February fundraiser, Newlin wore a red “Make America Great Again” cap, and took a photo with Trump....
...Ken Stoller, assistant vice-president at the American Property Casualty Insurance Association, an industry body, highlighted the rejection of pandemic claims in many federal courts, in state high courts...
...Video: Behavioural Economics — Are high petrol prices killing the American dream?...
...The 99-year-old investor — sidekick to billionaire Warren Buffett — warned of a brewing storm in the US commercial property market, with American banks “full of” what he described as “bad loans”....
...Charlie Munger has warned of a brewing storm in the US commercial property market, with American banks “full of” what he said were “bad loans” as property prices fall....
...Pension funds, hedge funds, insurance companies, all different bits of private markets, stuff where regulators don't have a huge amount of visibility on what is going on....
...The company confirmed that insurance costs are, in most markets, the largest component of cost of revenues (and cost of revenue is currently running at almost 70 per cent of revenues, versus less than 20...
...Meanwhile, Berkshire remains so well-capitalised, it should absorb any property and casualty claims from its customers....
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