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...Yet shares of insurers such as Allstate, Progressive and AIG are down between 3 per cent and 22 per cent this year, while the S&P 500 has climbed 16 per cent....
...This was offset by strong trading in property and casualty insurance, which helped the company generate €4.1bn in underlying earnings....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...Last year, the company also completed an acquisition of New York-listed Cigna’s life and health insurance businesses across six Asia-Pacific markets, including Taiwan....
...“The Russians’ strategy is to show it is much more resilient to casualties than Ukraine,” said Oleksandr V Danylyuk, head of the Centre for Defence Reforms, a think-tank in Kyiv....
...a slimmed down, specialist property and casualty insurer....
...It also recently offloaded its Wyoming oil business to Continental Resources, the company controlled by shale billionaire Harold Hamm....
...The company is the only big US insurer to combine life with property and casualty units, impeding comparisons with peers....
...They begin with a sequel to the English King Henry V’s victory over the French at Agincourt....
...With his own work off limits in China and recently censored in Hong Kong, Ai is coruscating about western museums such as the Pompidou, Tate and the V&A that have been paid millions by state-owned companies...
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...Chesapeake said it was also selling its Wyoming oil business to Continental Resources, controlled by shale billionaire Harold Hamm, for $450m....
...Also in February, Game of Thrones star Kit Harington plays Henry V in a new, modern staging of Shakespeare’s play that promises to explore our relationship with Europe and what it means to be English (Donmar...
...All this should be bad news for property and casualty insurers. After all, they make money by collecting more premiums than they pay out in claims....
...Called Art Intelligence Global — or AIG, but not to be confused with the insurance company — they are joined by another former Sotheby’s senior staffer, Adam Chinn....
...Some estimates put the number of casualties much higher....
...AIG is the only US-listed insurer combining life and property and casualty units, making it difficult to compare with peers and depriving it of a natural investor base....
...The company’s market capitalisation has shrunk to just $27bn. AIG now seems to acknowledge a turnround that had been promised for years simply will not occur. Poetic justice, perhaps....
...Last month, AIG announced that it planned to separate its life insurance business from its larger property and casualty arm, a move long urged by investors....
...He will become executive chairman, while Peter Zaffino, the 53-year-old head of AIG’s property and casualty unit, will become CEO....
...In roughly chronological order, William Cobbett, Woodward and Bernstein, Sir Harold Evans and Ryszard Kapuściński....
...property and casualty arm....
...According to real estate services and investment company CBRE, prime rents for apartments in Amsterdam fell by 3.3 per cent in the year leading up to the fourth quarter of 2020....
...The companies declined to comment....
...It has dates planned in Toronto, Hong Kong, Auckland and at Washington’s Shakespeare Theatre Company....
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