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...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...Case also highlighted artificial intelligence as a “very, very substantial” future risk for global business, as well as an opportunity for companies to innovate....
...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....
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Yianis said that property tribunals had found that the two other companies were “accountable persons” under the act for the four residential buildings within the Canary Riverside development....
...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...
...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....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Kent left Zurich in 2020 and went on to become head of credit risk management at GFG Alliance. Kent previously did not reply to a request for comment from the FT....
...a particular challenge for underwriters....
...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....
...“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....
...It set a new 13 per cent target for this metric to be achieved in 2026....
...Admiral posted group pre-tax profits of £443mn for 2023, up almost a quarter on rising car insurance premiums but below analysts’ expectations....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...The chief executive of one of the world’s biggest privately owned insurance brokerages has said commercial insurance prices should level off this year, describing “green shoots” for clients that have been...
...“This is the right moment to take a fresh perspective, build on our track record and set out a vision for profitable and sustainable growth,” said Simões, who will lay out his strategy for the group in June...
...Investors will also be looking for changes in focus at Elon Musk’s company after reports it was slowing plans for a cheaper electric car in favour of self-driving “robotaxis”....
...It has identified some “promising” areas for investment, including nuclear power, offshore floating wind turbines, charging infrastructure for electric vehicles and affordable housing....
...The former chief executive of Smiths Group, who quit the FTSE 100 industrial conglomerate last month, is in line for a multimillion-dollar pay rise after moving to a US company half the size, highlighting...
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