Hints and tips:
...Several big US insurers, including State Farm and The Hartford, have paused their underwriting of new home policies in the state of California....
...Its platform streamlines access to private programmes and government benefits such as Medicaid, a US government health insurance programme for people on low incomes....
...Hartford Financial Services, which writes far fewer home insurance policies, is down just 5 per cent. Some states limit insurers’ ability to raise premiums....
...Shareholders are asking US insurance groups Hartford, Travelers, Berkshire Hathaway and Chubb to act faster to evaluate human rights and race issues, and to stop underwriting new oil and gas projects, at...
...The retraction undermined their original findings that those who signed a declaration at the start of a tax form and a car insurance company claims audit were more honest....
...In March, Root appointed a chief financial officer, Rob Bateman, whose CV includes stints at well-known insurance firms such as The Hartford. There are signs of improvement....
...Chubb, the insurance group led by Evan Greenberg, made a $65-per-share offer for Hartford in March, but the Hartford board said its go-it-alone strategy would build more value for investors....
...Hartford’s biggest business is in commercial lines insurance, where price rises over the past year have been the steepest....
...Hartford is at the smaller end.”...
...The company’s biggest business is in commercial lines insurance, where steep price rises have followed a wave of pandemic-related claims....
...Chubb has expanded in recent years through a string of acquisitions that have made it into the largest US non-life insurer by market value.* In April this year it offered to buy industry rival Hartford in...
...At the same time, Chubb is interested in fellow insurance titan The Hartford ($24bn market cap), which has summarily rebuffed its rival....
...Financial Services (US investment and insurance company)....
...According to some estimates, total claims from the pandemic across the global insurance industry will top $100bn....
...(FT) News round-up Greenberg’s Chubb bids to buy $24bn insurance rival Hartford (FT) National Grid to buy Western Power in £14.2bn deal (FT + Lex) Silver Lake to invest in legal-and-compliance software...
...Hartford Financial Services also exited its annuity business. The stock is trading at just under 11 times forward earnings, in line with Voya....
...Schroders’ approach to the distribution challenge was to partner Hartford Funds, a local manager. Schroders provides investment management services and Hartford distributes the funds....
...US insurer The Hartford is to buy smaller rival Navigators in a $2.1bn deal that marks the latest stage in consolidation in the specialist insurance market....
...Last week, US-based Navigators was bought by The Hartford in a $2.1bn deal. Aspen has been looking for a buyer for much of the year....
...The life and annuity business has been a sore spot for the likes of AIG, The Hartford, Aviva and several others groups around the world....
...However, those transactions — Hartford/Navigators, Axa/XL Group, AIG/Validus — involved strategic buyers, not private equity firms. Those deals were also more expensive....
...The other reason is the growing popularity of so-called insurance-linked securities, which allow investors to directly back insurance risks....
...The likes of Voya and The Hartford got out of this business last year. MetLife spun off its retail business now called Brighthouse Financial. Its shares are down a third since last summer....
...Last year, Bob Diamond’s Atlas Merchant Capital bought $3bn worth of annuities from The Hartford, a US insurance company, pledging to manage its assets in-house....
...Since then, Relayr has added financial and insurance-related services to its offerings....
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