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...The growth in casualty insurance is intended to provide a “better balance” to its catastrophe-exposed property policies....
...This means administrative approvals and daily supervision of groups such as Citic and Everbright fall to NAFR officials....
...Earlier this year, US insurance group A-Cap said it would attempt to take back control of assets ceded to 777 Re after the reinsurer had its credit rating downgraded, and US and Bermuda regulators have been...
...Its last significant deal came in 2022 with the $12bn acquisition of Alleghany, an insurance-to-manufacturing group....
...The ship’s lead liability insurer, Britannia P&I, said on Thursday it was “working closely with the vessel’s owner and manager and the relevant US authorities as part of the investigation into the casualty...
...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
...Its property and casualty insurance division weakened, posting an overall underwriting loss reflecting worse conditions for areas such as credit insurance, but its major life and health insurance division...
...Axa’s new strategy and bet on rising commercial insurance prices marks a shift from the group’s last three-year plan, which focused on building up health insurance sales....
...Overall, the group posted a €5.1bn operating profit for the period, up 17 per cent on the same period last year, with profitability improving at its property and casualty division despite losses from European...
...American International Group and Chubb have curbed insurance sales to affluent homeowners in high-risk areas....
...Financial Times readers will recognise Apax as one of the UK’s biggest buyout groups, which has taken companies such as Tommy Hilfiger private....
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...This was offset by strong trading in property and casualty insurance, which helped the company generate €4.1bn in underlying earnings....
...UK legislators pressed senior insurance executives earlier this month about big price rises, while consumer groups have raised concerns about the added cost-of-living pressures....
...Five long positions in five very different industries (property casualty insurance; discount retail; health insurance; aerospace and defence; travel)....
...“Fire fighting [is] very difficult” on modern car carriers, said Richard Gunn, a casualty lawyer at law firm Reed Smith, who added that ships tended to be built with several decks that were built as low...
...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...
...It said the prices it charges property and casualty insurers jumped by 21 per cent in July....
...Swiss Re, one of Europe’s big reinsurance groups, said on Friday that the prices it charges property and casualty insurers for cover jumped by 21 per cent in July renewal negotiations, continuing a shift...
...The property and casualty insurer called If, part of Nordic group Sampo, began screening its corporate customers for ESG criteria in 2021....
...My next pick was Everest Group, which is a reinsurer. So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...On Wednesday, insurance brokerage Aon struck a deal to acquire NFP, a private equity-backed midsized property and casualty broker, for $13.4bn....
...Take one example: imagine if five of the largest property and casualty insurance companies and the three largest reinsurers failed following previously unlikely ice sheet melt and permafrost collapse, which...
...A group of academics in different countries reported in 2018 they were unable to replicate his findings....
...Our first pick, the property casualty reinsurer and primary insurer Everest Group, ticked all our boxes well: a cheap stock with a history of delivering growth, and with industry tailwinds to boot....
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