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...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....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...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....
...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....
...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”....
...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...
...Downing Street declined to comment, stating the investigation was a matter for the police....
...a particular challenge for underwriters....
...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...
...Admiral posted group pre-tax profits of £443mn for 2023, up almost a quarter on rising car insurance premiums but below analysts’ expectations....
...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....
...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....
...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...
...“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....
...An early collector was an insurance salesman who as a soldier “found himself in Venice in a room of Titian’s paintings, he felt the room was on fire....
...It set a new 13 per cent target for this metric to be achieved in 2026....
...US plans for shutting down a global bank call for removing top management, wiping out the shareholders and imposing losses on creditors of its holding company....
...Built for comfort, not speed is a good slogan for annuities — an insurance product offering retirees steady, long-term income....
...But in a statement early on Thursday, the company expressed regret over the tragedy....
...This, he said, would ease some of the pain for Howden’s business clients from what he called the “hardest insurance market we’ve ever seen”, after inflation, war and wild weather sparked a pullback by insurance...
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