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...“We’re going to keep the company independent,” Maffei said....
...Formula One owner Liberty Media is in exclusive talks to buy the company that owns MotoGP for more than €4bn, in a deal that would unite the elite car and motorcycle racing series, according to people familiar...
...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....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create high-yielding assets for insurance companies....
...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 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....
...“We’re going to keep the company independent. We’re certainly not going to be trying to merge and sell the product in the TV market as one,” he said....
...Under such schemes, governments share losses from natural disasters with the insurance sector, or create structures to pool risk....
...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...
...A spokesman for Liberty Global said this should not taken as a signal that the company would be taken private. The company plans to buy back up to 10 per cent of its shares this year....
...Zurich also claims Gupta made “false” representations in a letter to Greensill and Marsh by suggesting there were genuine accounts receivable owed to Liberty Commodities, one of his companies....
...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 luxury goods brand [spanning] multiple categories that will be distributed on a global scale”, according to its most recent filings at Companies House....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Mnuchin started Liberty in 2021 after leaving the Trump administration....
...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....
...MPs last year blamed regulatory foot-dragging for London losing out on $700mn of insurance-linked securities that went to Singapore....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...“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....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
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