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...The company will announce on Monday that it has hired Anant Bhalla, a US-based insurance veteran who will become its chief investment officer and a senior partner, to build its new insurance platform....
...Case also highlighted artificial intelligence as a “very, very substantial” future risk for global business, as well as an opportunity for companies to innovate....
...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...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....
...I tried getting another company, Pure, to pick up my policies. They refused because I had a submitted a claim to another company....
...The global insurance sector is braced for payouts from the disaster running into the billions, with a large share of that ultimately born by reinsurance groups that had offered liability cover to the Dali...
...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 quiet 2023 for hurricanes then meant that reinsurers emerged with their best profits in years....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Rising insurance prices were “a reflection of the risks, and the risks are going up, and they are going up quickly. It’s a call for action”, Hielkema added....
...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...
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...“He’s a very important player,” said a person who has worked with Buffett for years. “Ajit is the person that is by far the most trusted . . . He’s made a shit ton of money for the company.”...
...Downing Street declined to comment, stating the investigation was a matter for the police....
...It ultimately failed to receive support for its plan among other investors but has remained an outspoken shareholder and could put pressure on chair Mark Tucker as he embarks on a search for his third CEO...
...a particular challenge for underwriters....
...Apollo-backed Athora has terminated an agreement to buy a €19bn book of German life insurance business from Axa, citing “significant changes in financial market conditions” for a decision both sides said...
...Frank Hester, a healthcare technology entrepreneur, allegedly made the controversial remarks during a 2019 meeting at the Leeds headquarters of his company The Phoenix Partnership, according to The Guardian...
...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....
...Admiral posted group pre-tax profits of £443mn for 2023, up almost a quarter on rising car insurance premiums but below analysts’ expectations....
...The performance was helped by a quiet year for hurricane claims as well as a rapid run-up in reinsurance prices over the past 18 months....
...But a less-followed risk is adding to unease at companies offering life and health insurance: scientists’ warnings, and research findings, that a warming climate is causing an increasing number of excess...
...Ageas said on Wednesday it was examining a possible offer for the company — made up of cash and its own newly issued stock — amounting to an implied value of 233p per Direct Line share, a premium of 43 per...
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