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...Still, the Travelers executive did admit to some anecdotal evidence of bigger hail....
...BROOKE MASTER: Turned out that insurance, at least in America, doesn't sit all that well with banking. This is not true globally....
...Future of Asset Management North America Hosted by the Financial Times, in collaboration with Ignites and FundFire, Future of Asset Management North America is taking place on September 27-28 at etc.venues...
...At the insurance company Travelers, a proposal asking the company to set a deadline to stop underwriting new fossil fuel projects won 8.8 per cent support in May, down from 13 per cent support last year....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...It fell to her eldest daughter, the writer and novelist Doon Arbus, to deal with her still-emergent work as a pioneering photographer of postwar America....
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...“The fact of the matter is [that] this is far broader than just insurance brokerage,” Williams said, although he adds that insurance is likely to remain the company’s largest business line....
...That’s why the company is seeking to buy what it calls “mini-MatchMoves” in markets in central Europe, Latin America and the US, he said....
...Several of the worst-performing companies in the index, including Hippo and Root, focus on personal lines of insurance such as home and auto....
...’s Chase and Bank of America....
...The plans included launching a business in the Philippines, where the bank has already started applying for a banking licence, and acquiring a payments company in Latin America....
...Half of small British companies say growth this year will be hit by rising costs, according to a new survey....
...MoneyLion has added Even’s insurance and personal loan services into its banking app and hopes the company’s software offering will also bring new customers to its own products....
...Bank of America has promoted senior investment bankers Will Addas, Gary Howe and Giorgio Cocini to run its global financial institutions investment banking group....
...(FT) Europe’s fastest growing companies The FT also publishes today its annual ranking of Europe’s fastest growing companies, including a new leader with a focus on renewable energy....
...Markets The Bank of England’s quantitative easing programme has made it the biggest holder of UK government debt (gilts), overtaking overseas investors and pension and insurance companies....
...Travelers was itself a collection of merged businesses, including its eponymous insurance arm, the Smith Barney brokerage and the Salomon Brothers investment bank, and Citigroup went on buy more companies...
...Japanese insurer Tokio Marine has said the insurance policies at the heart of the Greensill Capital collapse may not have been valid, as investors pressed the company to detail its exposure to the lender...
...The pandemic hit corporate America after years of rising share prices, record profits and unprecedented levels of borrowing....
...US executives are already complaining of “frivolous” suits hurting the battered economy; Alan Schnitzer, chief executive of Travelers insurance, said last month that America was already facing “the highest...
...Third-quarter results from insurers offered evidence of the damage. Travelers, the $34bn US insurer, warned of an “increasingly challenging tort environment” as its profits fell sharply....
...Stocks, other than those delivering food, are clawing back some of a five-day rally awaiting America’s earnings season to get going properly....
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