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...“If you look at any index, any platform, you’d expect that [private investor share] to be higher,” Lloyd’s chief executive John Neal told the Financial Times....
...JAB has in recent years shifted its focus, investing roughly $5bn into petcare and pet insurance companies beginning in 2019....
...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Although JAB has some exposure to the insurance business already — namely, through a stable of pet insurance companies — it’s limited....
...“Insurance companies probably have a duty to their members and shareholders to resist liability if it’s reasonable to do so,” the barrister said....
...I would hope that the US Department of Justice, Federal Trade Commission or Consumer Financial Protection Bureau might consider looking into how major insurance companies communicate on pricing and coverage...
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...Last month, Chubb’s chief executive Evan Greenberg told analysts that the company’s “exposure is within what we would contemplate and there’s nothing outsize to us”....
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...A day later, he realised he’d lost tens of thousands of pounds. How?...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Under such schemes, governments share losses from natural disasters with the insurance sector, or create structures to pool risk....
...And we felt that we’d be best served if we did the same thing here in insurance. We probably could have grown a little bit faster had we bought an insurance company....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...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...
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...The company then increased its position twice in 2018 and again two years later, becoming the bank’s largest shareholder. Its sale this week reduces the stake to 7.98 per cent from 8.01 per cent....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...remained “committed to further growth in the German savings and retirement services market” while Axa said it will now retain the business, but had separately entered into a new reinsurance deal with a company...
...Premiums from its general insurance division, which includes car insurance, also grew....
...Steven Darrah, chief executive of Fuelled, said the insurance tech start-had cut spending on R&D and had a smaller team than hoped for after HMRC turned down a claim for about £30,000....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the final three months of last year, the 25th straight quarter of increases....
...MPs last year blamed regulatory foot-dragging for London losing out on $700mn of insurance-linked securities that went to Singapore....
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