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...It is a return to Lloyd’s for Brindle, whose career includes founding London-listed Lancashire in 2005....
...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...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 case was “in respect of his conduct as a director of Greensill Capital (UK) Limited and Greensill Limited”, the agency said. Full details of the claim were not immediately available....
...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....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...A UK spokesperson for the company said: “Elbit Systems UK, its subsidiaries and joint ventures, including UAV Engines Limited and U-Tacs, are not involved in the Hermes 450 programme.”...
...UK insurer Aviva’s return to Lloyd’s after a two-decade absence is a vote of confidence....
...But UK business has been brisk: rising interest rates have transformed funding levels in defined benefit pension schemes and enabled companies to consider offloading future liabilities....
...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....
...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....
...The chief executive of FTSE 100 group Admiral, one of the biggest UK car insurers, said its motor insurance prices had peaked, signalling the end of a surge in premiums across the industry that sent the...
...Finally, if you are a UK resident you can apply for a free UK Global Health Insurance Card (GHIC) via the NHS website....
...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....
...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....
...“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 FCA regulates loans of less than £25,000 made to sole traders or partnerships but it said that overseeing lending to limited companies was outside its remit....
...Drivers paid out about £300mn in premiums on 2.4mn Gap insurance policies in the UK in 2022, according to the latest data....
...The struggling UK car insurer knocked back a second and slightly improved offer from Ageas last week....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the fourth quarter of 2023, the 25th consecutive quarter of rate increases....
...UK motorists are being quoted a new record sum of almost £1,000 for the average annual insurance policy, after a dramatic acceleration in prices that has prompted concerns over extra pressures on household...
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