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News in-depthJAB Holdings Ltd
Pret owner JAB shifts focus to insurance after consumer strategy wobbles
...“We are more in the first model, we are absolutely not in the second model.”...
May 13, 2024
Climate change
UAE’s al-Jaber invites business chiefs to climate talks on eve of COP29
...Sultan al-Jaber is planning a final flourish as president of the UN COP28 summit by calling the heads of the world’s largest energy and tech companies for climate talks in Abu Dhabi days before COP29 begins...
May 9, 2024
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
Financial services
Raisin turns first profit on surging customer deposits
...“It is part of our long-term plan to run [the company] with a positive ebitda,” Freund said, adding that the company was aiming to increase revenues by more than 35 per cent this year....
May 13, 2024
The FT ViewThe editorial board
The painful rise in home insurance costs
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
April 1, 2024
Insurance
Auto-insurance costs rear their ugly head yet again
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
February 13, 2024
UK insurance industry
UK car insurance prices fall for first time in two years
...UK car insurance prices fell at the start of 2024 in the first quarter-on-quarter drop in more than two years, signalling some relief for households after costs hit an all-time high....
April 18, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 4 September237 Park Avenue, New York, NY, USA
News updates from April 18: Netflix profits surge; Jurors selected for Trump’s ‘hush money’ trial
UK car insurance prices fall for first time in 2 years
...UK car insurance prices fell at the start of the year in the first quarter-on-quarter drop in more than two years, signalling some relief for households after costs hit an all-time high last year....
April 18, 2024
Aviva PLC
Aviva returns to Lloyd’s of London for first time in two decades
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
March 4, 2024
Berkshire after Buffett
Berkshire after Buffett: the risk ‘genius’ pulling the insurance strings
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
May 2, 2024
#techAsia
The Beijing auto show and Apple in China Premium content
...The company’s net profit fell 45.7 per cent in 2023 and turned to a net loss for the first three months of this year....
May 2, 2024
News in-depthElectric vehicles
‘Everything has changed’: foreign auto groups embrace local technology in China
...Against this backdrop, experts said foreign groups’ deepening dependence on Chinese technology would raise questions in their home markets....
April 29, 2024
News updates from February 14: UK inflation holds steady, Uber debuts $7bn share buyback
UK motor insurance prices may have plateaued after first fall in two years
...Car owners have been squeezed by a surge in insurance prices since their pandemic lows, as companies try to reflect a surge in claims costs....
February 14, 2024
News updates from March 22: Dozens dead in Moscow attack; Princess of Wales undergoing cancer treatment
Li Auto shares fall after cutting sales forecasts amid EV price war
...While Li Auto became China’s first major EV start-up to turn a profit last year, it is facing a price war and fierce competition in the world’s largest auto market....
March 22, 2024
Reddit Inc
Reddit beats expectations in first results as a public company
...However Jen Wong, Reddit’s chief operating officer, cautioned on the call that the company had less “visibility” into how the second half of the year would pan out, noting that the US election in November...
May 7, 2024
UK immigration
UK Home Office detains asylum seekers destined for Rwanda
...Downing Street has said it is “not accurate” to say the Home Office is unable to locate the remainder of the 5,700 asylum seekers it has identified to put on the first flights....
May 1, 2024
FT Live
Crypto and Digital Assets Summit
The next wave of institutional adoption
Tuesday, 6 May 2025London, UK
Insurance
Chubb to send $350mn insurance payout for Baltimore bridge
...The ship’s liability insurance is provided in the first instance by Britannia P&I, part of a global group of liability insurers that share their losses between themselves and $3bn worth of reinsurance....
May 2, 2024
UK mis-selling
UK auto lenders could face £13bn bill after FCA probe into commissions
...Robinson and other experts have likened the probe to the payment protection insurance scandal, which dates back to the 1990s when banks mis-sold insurance to millions of customers, leading banks to later...
January 24, 2024
Alphabet Inc
Alphabet surges past $2tn valuation as search giant announces first dividend
...Alphabet’s market value surged 10 per cent on Friday to more than $2tn after Google’s parent company announced its first-ever dividend and reported strong growth across its main business lines....
April 26, 2024
Israel-Hamas war
Israel votes to shut down Al Jazeera in the country
...see the release of hundreds of Palestinian prisoners from Israeli jails, the further withdrawal of the IDF from the shattered coastal enclave and the return of masses of displaced Palestinians to their homes...
May 5, 2024
Israel-Hamas war
Israel passes bill to shut local Al Jazeera office
...Founded in Doha in 1996 and funded in part by the Qatari government, Al Jazeera says it broadcasts to more than 150 countries and is available in more than 430mn homes....
April 1, 2024
Chess
Chess: Half a century on, Fischer v Spassky at Reykjavik still echoes
...to fly home....
March 11, 2024
Scottish economy
Scotland’s new deputy first minister vows to cut burdens on business
...Financiers have warned that rich residents were already redomiciling their tax affairs in England while employees at some Scottish companies were complaining about lower take-home pay than their peers in...
May 9, 2024
News updates from February 23: Nvidia market value briefly tops $2tn, Navalny’s mother refuses Russian ultimatum
Second-hand home prices in China’s first-tier cities down 4.9%
...Chinese home prices continued to slide in January, with the sale prices of second-hand housing in the country’s major cities down 4.9 per cent from a year earlier....
February 23, 2024
FirstFT
FirstFT: Vladimir Putin replaces defence minister in unexpected shake-up
...JAB Holding will announce today that it has hired Anant Bhalla, a US-based insurance veteran, to become its chief investment officer and a senior partner to build its new insurance platform....
May 13, 2024
HTSI
An auto barn for the Volvo man
...transformation of the year at the British Homes Awards)....
December 14, 2023

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