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...JAB has in recent years shifted its focus, investing roughly $5bn into petcare and pet insurance companies beginning in 2019....
...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...More listings are expected: a total of 66 companies have filed listing documents with Indian regulators, according to brokerage IIFL....
...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...Elite New York law firm Cravath will abandon its wood-panelled offices in Midtown Manhattan for the up-and-coming Hudson Yards development on the island’s west side on Monday, amid an exodus from the neighbourhood...
...I would hope that the US Department of Justice, Federal Trade Commission or Consumer Financial Protection Bureau might consider looking into how major insurance companies communicate on pricing and coverage...
...Last month, Chubb’s chief executive Evan Greenberg told analysts that the company’s “exposure is within what we would contemplate and there’s nothing outsize to us”....
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...It said it expected the company’s “credit metrics, financial flexibility and liquidity buffer” to weaken over the next 12 to 18 months....
...The steep rise in the cost of home insurance in the US and elsewhere can be traced, in part, to a move two years ago by P&C reinsurers to increase the price of cover against natural catastrophes and toughen...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Under such schemes, governments share losses from natural disasters with the insurance sector, or create structures to pool risk....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Insurance companies have lifted prices drastically in the past couple of years after spiralling inflation in their claims costs — as items such as car parts and second-hand cars became much more expensive...
...The company’s stock has fallen about 43 per cent since the start of Aguzin’s term, reflecting a loss of more than $38bn in market capitalisation....
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...The company has struggled with global investors’ shift away from Chinese equities and a lack of initial public offerings from China, where companies have increasingly favoured domestic listings....
...The company then increased its position twice in 2018 and again two years later, becoming the bank’s largest shareholder. Its sale this week reduces the stake to 7.98 per cent from 8.01 per cent....
Banks and brokers were buyers of stocks, while state-backed institutions were also likely to be purchasers, say traders
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...early 2021, and last Wednesday, index provider MSCI announced plans to remove 66 constituents from its benchmark MSCI China index following protracted share price falls for the country’s largest listed companies...
...Last year, companies raised just $5.7bn from IPOs in the city, the smallest annual haul in more than two decades, according to Dealogic data....
...China’s Ant Group is bidding against Citadel Securities for Credit Suisse’s Chinese securities unit, a move that will test Beijing’s appetite for letting the Jack Ma-founded company expand again after a...
...remained “committed to further growth in the German savings and retirement services market” while Axa said it will now retain the business, but had separately entered into a new reinsurance deal with a company...
...Premiums from its general insurance division, which includes car insurance, also grew....
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