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...between a traditional insurer and a private capital group....
...The five insurers and reinsurers belong to the A-Cap group, and together held $11.5bn of assets at year end....
...The scenario would probably include the collapse of a significant funded reinsurer being used by the life insurer, meaning that the risks are “recaptured” by the primary insurer, the people said....
...Chief executive Andrew Carrier said 2023 was a “landmark year” where the insurer recorded its best underwriting performance in a decade, making it the latest firm to be lifted by a global surge in insurance...
...Zurich, one of Europe’s biggest insurers, posted a record adjusted operating profit of $7.4bn, lifted by rising commercial insurance prices and a particularly strong performance by its life division, topping...
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...Its customer base ended the year broadly flat as it sought to be disciplined on price at a time of rapid inflation in costs....
...But they expect other bottlenecks to force delays at ports including Charleston, New Jersey and New York because of increased traffic and a potential shortage of dockside vehicle handlers....
...On underlying profit of €7.6bn last year, Axa announced a €1.6bn share buyback and a dividend of €1.98 per share. Net income rose 8 per cent to €7.2bn but slightly missed analyst forecasts....
...The Belgian group had most recently proposed a cash-and-shares preliminary offer that valued the UK motor insurer at £3.2bn....
...Fortegra, the speciality insurer backed by Warburg Pincus, has scrapped plans for a US initial public offering this week, citing “prevailing market conditions” in a sputtering fundraising market....
...In the UK, insurers have pushed premiums higher in recent years to absorb a sharp rise in payouts....
...The struggling UK car insurer knocked back a second and slightly improved offer from Ageas last week....
...Direct Line has rejected a preliminary £3.1bn takeover offer from Belgian insurer Ageas, as the UK motor insurer attempts a turnaround after a string of profit warnings hit its share price....
...Zurich, which has refused to pay out on the insurance, contends that it is void because a key lending programme provided by Greensill Capital to Gupta companies was a “sham”, relevant information provided...
...The car, home and business insurer, whose results often set the tone for the insurance earnings season, managed an improved combined ratio — claims and expenses as a proportion of premiums — of 85.8 per...
...Court documents show the Switzerland-based company brought a lawsuit last month claiming that insurers “failed to pay” for damage done by underwater explosions that mangled and deformed the Nord Stream 1...
...It can step into a void of traditional banks and insurers otherwise burdened by previous mis-steps....
...The insurer said it planned to offer ¥1,800 ($12) per Benefit One share to buy out all the minority shareholders....
...UK insurers have called for new public-private partnerships to help funnel a promised £100bn of investment unlocked by post-Brexit regulatory reforms into green infrastructure projects....
...A string of big home insurers have halted new business in California, for example, in response to a surge in extreme weather losses....
...US private equity group KKR is to buy out minority shareholders in Global Atlantic, the life insurer it took control of in 2021, for $2.7bn as it takes full ownership of a fast growing business that has...
...Cigna is in talks to merge with Humana for a deal that would create a US health insurance giant with a combined enterprise value of about $140bn, said people briefed on the matter....
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
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