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...relevant information or co-operating with the A-Cap insurers”....
...between a traditional insurer and a private capital group....
...OCBC on Friday reported first-quarter net income of S$2bn, a new quarterly record and a 5 per cent increase from the previous year. Shares rose 1.8 per cent after the report....
...Anant Bhalla made a windfall transforming a regular life insurer into a successful play on private assets. In his next act, he wants to pull off a similar trick, but from the opposite vantage point....
...For now, research suggests that insurers view this as a long-term impact on payouts, although there is a question as to whether they have the data to be sure....
...Zurich, one of Europe’s biggest insurers, posted a record adjusted operating profit of $7.4bn, lifted by rising commercial insurance prices and a particularly strong performance by its life division, topping...
...The five insurers and reinsurers belong to the A-Cap group, and together held $11.5bn of assets at year end....
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...Its customer base ended the year broadly flat as it sought to be disciplined on price at a time of rapid inflation in costs....
...But they expect other bottlenecks to force delays at ports including Charleston, New Jersey and New York because of increased traffic and a potential shortage of dockside vehicle handlers....
...On underlying profit of €7.6bn last year, Axa announced a €1.6bn share buyback and a dividend of €1.98 per share. Net income rose 8 per cent to €7.2bn but slightly missed analyst forecasts....
...The Belgian group had most recently proposed a cash-and-shares preliminary offer that valued the UK motor insurer at £3.2bn....
...Fortegra, the speciality insurer backed by Warburg Pincus, has scrapped plans for a US initial public offering this week, citing “prevailing market conditions” in a sputtering fundraising market....
...In the UK, insurers have pushed premiums higher in recent years to absorb a sharp rise in payouts....
...The struggling UK car insurer knocked back a second and slightly improved offer from Ageas last week....
...Direct Line has rejected a preliminary £3.1bn takeover offer from Belgian insurer Ageas, as the UK motor insurer attempts a turnaround after a string of profit warnings hit its share price....
...These groups, which insure insurers, are often centuries old and play a vital role in spreading risks, making it less likely that a surge in claims will be fatal for their insurer clients, ultimately protecting...
...Zurich, which has refused to pay out on the insurance, contends that it is void because a key lending programme provided by Greensill Capital to Gupta companies was a “sham”, relevant information provided...
...The car, home and business insurer, whose results often set the tone for the insurance earnings season, managed an improved combined ratio — claims and expenses as a proportion of premiums — of 85.8 per...
...Court documents show the Switzerland-based company brought a lawsuit last month claiming that insurers “failed to pay” for damage done by underwater explosions that mangled and deformed the Nord Stream 1...
...It can step into a void of traditional banks and insurers otherwise burdened by previous mis-steps....
...The insurer said it planned to offer ¥1,800 ($12) per Benefit One share to buy out all the minority shareholders....
...UK insurers have called for new public-private partnerships to help funnel a promised £100bn of investment unlocked by post-Brexit regulatory reforms into green infrastructure projects....
...Hiscox and Lancashire, two insurers that operate in the Lloyd’s market, said in quarterly updates on Thursday that they would take a share of the financial losses from the bridge collapse....
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