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...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...The market has been trying to make its reporting and financial frameworks more user-friendly to attract individual investors....
...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....
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...It was also running a pilot study that could see it use a “combination of remote sensors to chart the location of manholes, highway drains and sewerage pipes”....
...“All actors need to move,” she told the Financial Times....
...Warren Buffett’s Berkshire Hathaway on Tuesday said it had taken full control of truck stop operator Pilot Corporation, days after the sprawling railroad-to-insurance conglomerate settled an acrimonious...
...Of the 20 vessels that declined the use of the pilots, only three are covered by a recognised western insurance provider....
...It highlighted the Thames Tideway Tunnel as a project that was paid for by a new financial structure that is charging customers during the construction period while allowing payouts to investors....
...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 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....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...This is a test of the government’s commitment to support financial services. Lloyd’s may not get the attention its near-quarter share of City GDP deserves....
...“Some insurers were quite heavily hit by large losses, which speaks for our risk-taking,” said Lloyd’s chief financial officer Burkhard Keese....
...Premiums from its general insurance division, which includes car insurance, also grew....
...The board of the Federal Deposit Insurance Corporation on Thursday was scheduled to vote on the proposals, one from Republican member Jonathan McKernan and the other from Rohit Chopra, a Democrat....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...He points to the use of co-pilot systems to help reduce mundane tasks in financial services as in other areas....
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...It had also seen some examples of companies paying out 70 per cent of the premiums in commission to third parties involved in selling the add-on insurance....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
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