Hints and tips:
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...Lemonade recruited Sean Burgess from San Antonio-based insurance group USAA to be its chief claims officer....
...“Buying an insurance company that looks a lot like Berkshire sounds like it could fit well,” said James Shanahan, an analyst at Edward Jones. “And perhaps Buffett needs a win.”...
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...Perhaps insurance companies would also buy them as a hedge. Annuities from insurers are considered poor value for money now because rates are so low....
...“There will inevitably be casualties,” said Mr Reed....
...Stanley Druckenmiller, a former hedge fund manager, said that “the excitement of reopening is allowing a lot of these companies that have been casualties of Covid to come back and come back in force”....
...The $760bn-in-assets conglomerate is skewed towards financial companies — it owns large insurance companies, such as Geico, outright and stakes in many of America’s largest banks — and industrials....
...Boohoo raised almost £200m last month so it could buy up retail casualties....
...Its iptiQ unit helps other companies to develop insurance products....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...A three-bedroom villa in Taormina is on the market for €1.35m with E&V....
...Axa announced earlier this year that it was buying XL Group in a $15.3bn deal that will cement its position as one of the world’s biggest property and casualty insurance companies....
...The tie-up between the number two and three brokerage companies in the insurance industry would be a game changer but competition authorities (and rivals) are likely to have something to say about it....
...Simon Kirby, chief operating officer at Rolls-Royce, is stepping down just 19 months after taking the post, becoming the first high-profile casualty of the FTSE engineer’s latest restructuring....
...Shares of Travelers, one of the largest US property and casualty insurance companies, weighed on the broader Dow Jones Industrial Average with a drop of 3 per cent at the start of trading on Monday, after...
...(FT) HK v SH The fight to attract IPOs used to play out between Hong Kong and Singapore but now the focus has moved northward....
...The Dow Jones Industrial Average ended the day flat at 21,808, thanks in part to a 2.5 per cent decline for property and casualty insurer Travelers — one of several insurers that took a leg lower as investors...
...A spokesman said a number of casualties had been reported. Huge waves are said to have caused the boat to overturn....
...But the show’s editor, Huw Kennair-Jones, is not giving anything away....
...for currency movements and other factors – at its property and casualty insurance unit....
...Any moves to curb fracking will directly affect the commercial property market in Oklahoma, says Bruce Rutherford, international director of real estate investment company Jones Lang LaSalle....
...Insurers were in strong demand after two major US insurance companies announced a huge deal, fuelling speculation that the sector could see further consolidation....
...Insurance companies’ investors and executives are likely to welcome the figures....
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