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...The chief executive of Aon, one of the world’s largest insurance brokers, has called for better modelling of climate risks, saying conditions in the property insurance market were “stressed” after a surge...
...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...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...
...High spending on customer acquisition has been a concern for investors in Lemonade and other insurance start-ups....
...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...Motorists were quoted £941 on average for an annual insurance policy between January and March, according to a widely watched index of price comparison site quotes published by Confused.com and insurance...
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Ki has automated the quote issuing process, but only where it is providing insurance on a “follow” basis, taking a share of risk behind a “lead” underwriter who will cover claims up to a certain level....
...Premiums from its general insurance division, which includes car insurance, also grew....
...Mitsui Sumitomo Insurance also recently announced expansion plans for its Lloyd’s insurer. But there is a fragility to this recent success....
...& officers insurance, where prices have come off....
...Your Big Read on the home insurance affordability crisis (February 14) adds to an ever-growing body of evidence about the effects of climate change and the case for swifter, deeper action....
...out for business interruption to a busy eastern US port....
...A 2p cut to national insurance was the main talking point coming into Jeremy Hunt’s Budget speech. He duly delivered that, saying it was a move that would “grow our economy by rewarding work”....
...Finally, if you are a UK resident you can apply for a free UK Global Health Insurance Card (GHIC) via the NHS website....
...Jeremy Hunt has confirmed the much-trailed 2p cut to employee national insurance contributions, from April 6. That means £450 a year for the average employee....
...“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....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...It has since taken steps to boost its balance sheet, including agreeing a £520mn sale of its brokered commercial insurance unit last year....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...Chancellor Jeremy Hunt said there were alternatives to a future abolition of national insurance, including combining it with income tax, a day after he announced a further 2p cut to the rate of NI in his...
...He predicted that more would come from areas such as insurance-linked securities — where investors put their capital against insurance risks — leading to a “levelling of pricing”....
...Built for comfort, not speed is a good slogan for annuities — an insurance product offering retirees steady, long-term income....
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