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...However, the government came under fire from the IMF again this week....
...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Banks, oil and gas majors and chemicals companies will all soon be able to submit their long-term net zero emissions targets for approval by the SBTi, under guidance the group plans to release in coming...
...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...by the end of the year, provided a riposte to “naysayers” who said the company was “going to burn through [its cash] and go out of business”....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...As insurance companies recover from recent losses, and inflation falls, there should be scope for more competitive pricing....
...Rising insurance prices were “a reflection of the risks, and the risks are going up, and they are going up quickly. It’s a call for action”, Hielkema added....
...Copenhagen’s fire may be symbolic as well as catastrophic. Edwin Heathcote is the FT’s design and architecture critic...
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Bank of America has come under fire from environmentalists for changing its tune on Arctic drilling and coal power plants....
...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...
...That can cause safety concerns as even small dings to battery packs can destabilise cells, potentially causing fires and even explosions....
...Neither company admitted or denied the SEC’s findings etc etc. But Delphia paid a civil penalty of $225,000 and Global Predictions ponied up $175,000....
...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....
...Lloyd’s of London has delivered its best underwriting performance since 2007 and signalled that commercial insurance prices are likely to stay high in the coming years....
...Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour. Yet last year’s performance was the best for 16 years....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...This was offset by a positive contribution from other business lines, such as home insurance and motor rescue....
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