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...Chief executive Andrew Carrier said 2023 was a “landmark year” where the insurer recorded its best underwriting performance in a decade, making it the latest firm to be lifted by a global surge in insurance...
...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...She added that since many of the most advanced AI companies were currently based in the US, the American government’s expertise was key to both understanding the risks of AI and to holding companies to their...
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Exmoor Partners was put into liquidation in October that year, according to Companies House records....
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...The company says it still has “reinsurance relationships with some non-Russian entities”. The company is part owned by the Italian insurer Generali, but its stake has been “frozen” since the invasion....
...The housing department said: “Where developers and freeholders have profited from unsafe buildings, we will use powers in the landmark Building Safety Act to recover funds . . ....
...Under such schemes, governments share losses from natural disasters with the insurance sector, or create structures to pool risk....
...EU countries have voted to pass a landmark supply chain law that would make companies responsible for environmental and human rights abuses, but only after the number of companies it will affect was cut...
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...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...
...(Simon Mundy) Smart read Climate change is now reshaping the insurance industry, with severe consequences for some homeowners in vulnerable regions, this FT Big Read explains....
...Lloyd’s said the agreement with Chinese insurance company Ping An, which has owned the building for a decade, will allow it to continue its renovation of workspaces and make further refurbishments, including...
...The bond, which Trump had to post in order to pause the enforcement of the judgment while he appeals against it, was underwritten by the Knight Insurance Group in California, according to a filing to a Manhattan...
...The US justice department’s landmark case against Apple is an important attempt, but it faces an uphill battle....
...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”....
...Shell will fight to convince judges in The Hague this week to repeal a landmark order to cut greenhouse gas emissions, in a closely watched test of polluters’ ability to keep climate change-related court...
...The EU has launched probes into Apple, Alphabet and Meta in the first use of a landmark new law designed to rein in Big Tech’s market power....
...The move was widely seen as a landmark shift in corporate power from management to the board....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Premiums from its general insurance division, which includes car insurance, also grew....
...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....
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