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...The growth in casualty insurance is intended to provide a “better balance” to its catastrophe-exposed property policies....
...Federal Deposit Insurance Corporation....
...As a result Del Fante decided he could increase the dividend payout ratio to 65 per cent of net profits....
...The insurer was likely to “receive questions about potentially buying a commercial lines [property and casualty] business at the top of the cycle . . . but the purchase price seems reasonable in this respect...
...Rising commercial insurance prices also lifted rival insurance group Zurich, which reported on Thursday a record adjusted operating profit of $7.4bn, topping analysts’ expectations....
...Luckily, 2023 was a relatively mild year for hurricanes. That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...Shares in Aozora, which the government saved from outright collapse 25 years ago in the aftermath of the collapse of Japan’s property bubble, have been trading about a third lower since the February 1 profit...
...In full-year results on Wednesday, the life insurance and asset management group reported a 45 per cent rise in new business profit — a measure of expected earnings from newly sold products — to $3.1bn,...
...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...
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...Luckily, 2023 was a relatively mild year for hurricanes. That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...One of the world’s largest investment groups has complained to the Federal Deposit Insurance Corporation over the way it handled the auction of $33.2bn in loans the US bank regulator absorbed from Signature...
...Their wealth of intellectual property makes them particularly adept at shifting profits. Meta’s Nick Clegg acknowledged in 2021 the prospect of paying more tax, and in different places....
...Insurance companies are fleeing Florida as costs to insure property have increased dramatically....
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...Data from the Federal Deposit Insurance Corporation shows it remained at a rate of just 1.5 per cent at the end of the third quarter....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...In addition, in December, a number of big banks said they planned to take a one-time charge by the end of the year to pay for a special assessment being imposed by the Federal Deposit Insurance Corporation...
...Across the board, US property & casualty insurers had a $27bn net underwriting loss last year, their worst performance since 2011....
...in a foreign country, part of the profits linked to the technology should also be recognised there....
...Deposit Insurance Corporation last year....
...On Wednesday, insurance brokerage Aon struck a deal to acquire NFP, a private equity-backed midsized property and casualty broker, for $13.4bn....
...Five long positions in five very different industries (property casualty insurance; discount retail; health insurance; aerospace and defence; travel)....
...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....
...and a higher forward price for a profit....
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