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...The chief executive of Aon, one of the world’s largest insurance brokers, has called for better modelling of climate risks, saying conditions in the property insurance market were “stressed” after a surge...
...German insurers including Munich Re and Allianz have amassed more than €3bn of exposure to the struggling property empire owned by real estate billionaire René Benko....
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...Flow, his new property company, has already made a conditional offer of about $600mn for WeWork....
...The growth in casualty insurance is intended to provide a “better balance” to its catastrophe-exposed property policies....
...It has financed projects including 316 rental homes in Bath and a joint loan with insurance group Generali for 65 homes for sale in Canary Wharf....
...tycoon René Benko and his co-shareholders....
...The bill will also extend leaseholders’ “right to manage” their property by hiring or firing property managers, according to a report in The Sunday Times....
...Andy Haigh Director of Climate Positive Solutions, Grosvenor Property UK, London W1, UK...
...The insurer was likely to “receive questions about potentially buying a commercial lines [property and casualty] business at the top of the cycle . . . but the purchase price seems reasonable in this respect...
...The lack of affordable property insurance has even driven some to move home....
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...’s property sector crisis....
...Although people have been creating new methods to “analyse and crunch numbers for decades”, said Amrit Santhirasenan, chief executive and co-founder of insurance start-up hyperexponential, “Excel has been...
...Six residential property and casualty insurers became insolvent in 2022, according to the state....
...Adam Neumann, co-founder of WeWork, has submitted a conditional bid of about $600mn for the bankrupt co-working company he led until 2019, according to three people briefed on the matter....
...His daughter managed to emigrate to the US in 1938, but Martha stayed behind and witnessed the forced sale of her properties....
...Chen Long, co-founder of research firm Plenum, said offering potential support to Vanke would be tricky for the government because other developers could question why they did not receive similar treatment...
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...Overall, property insurers paid out £4.9bn to households and businesses last year, with more than half of that to homeowners....
...Property insurance rates, a particular source of pressure, were up another 6 per cent, and overall prices grew 2 per cent....
...Can Blackstone’s property fund sustain juicy payouts?...
...“From our point of view it is a finely balanced renewal,” said David Flandro, head of industry analysis at insurance broker Howden’s reinsurance broking arm....
...Who Jon Mellor & Co House, Kettleshulme, £1.35mn Where In Kettleshulme, a village that lies in a picturesque valley along the River Dove, which is known for its trout fishing....
...In the past two years, London’s Metropolitan Police has assigned officers, data and intelligence resources in an effort to curb the rising incidence of luxury watch theft that has found a pernicious niche...
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