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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...
...Names were the historical basis of the Lloyd’s market, but also at the centre of one of its biggest controversies....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...This part of the insurance industry has been hit by four consecutive years of outsized losses from extreme weather....
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Continental European commercial property insurance prices rose at the start of the year for the 22nd consecutive quarter, according to an index from broker Marsh....
...Cyber attackers are experimenting with new ransomware on businesses in Africa, Asia and South America, before targeting higher-value companies in the West, according to a new report....
...Clips from KGWN, Ludlow Music and The Richmond Organisation For further reading: Battle for the American West Seven states, 3,000 miles: a trip across the US energy divide Wyoming’s Carbon Valley aims...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...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...
...The US delegation, he said, had shown a “condescending attitude” and wanted to “deny the sovereign people of Niger the right to choose its partners and the types of partnerships likely to help it to truly...
...But a disease of success. To that extent, it is a parable for the west, where life can be too good for our own good. Consider another problem that has received the Haidt treatment: the culture wars....
...Focusing on high-end production of electric vehicles, solar panels and batteries, the government is rolling out domestic subsidy programmes for companies to upgrade their equipment and for consumers to buy...
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...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 — 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....
...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....
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
...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....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...Ithaca Energy has agreed a deal to acquire almost all of Eni’s UK oil and gasfields in a transaction worth about £750mn that will turn the London-listed company into one of the North Sea’s largest producers...
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