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...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....
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...The government is seeking the order against Yianis Holdings Ltd and two other companies in the group....
...Signa Development was the arm of the Signa conglomerate responsible for developing lucrative properties and selling them quickly. It was also the most cash-generative part of the Signa Group....
...A significant part of the Signa group debt was provided by non-bank financial companies such as Dortmund-based insurer Signal Iduna, a midsized company with 12mn customers, mainly in health and life insurance...
...Creditors of the two most important companies in the bankrupt Signa property group are pushing to oust management and hand over control to independent auditors, over fears their interests are being sidelined...
...Five UK insurance broking groups have signed up to a pledge to stop sharing buildings insurance commissions with landlords and to cap their own fees, in a move the government said would significantly reduce...
...Probitas, which provides commercial insurance including professional liability and property catastrophe cover, will keep its management team and brand....
...Its property and casualty insurance division weakened, posting an overall underwriting loss reflecting worse conditions for areas such as credit insurance, but its major life and health insurance division...
...The wrangling as to which group was more liable “can go on quietly and sensibly, and it will go on behind the scenes”, he said....
...Europe’s second-biggest insurer, which cemented its focus on property and casualty insurance with the $15.3bn acquisition of XL in 2018, said it would prioritise dividend growth and annual share buybacks...
...Property insurance rates, a particular source of pressure, were up another 6 per cent, and overall prices grew 2 per cent....
...property....
...KaDeWe, Germany’s most famous and exclusive department store, filed for administration on Monday, becoming the latest casualty of René Benko’s crumbling property empire....
...Overall, the group posted a €5.1bn operating profit for the period, up 17 per cent on the same period last year, with profitability improving at its property and casualty division despite losses from European...
...second largest metropolitan area”....
...and workplace insurance products such as pensions....
...The idea, said Frank Vivier, Richemont’s chief of transformation, was to move beyond the analogue era where insurance companies, watchmakers and police communicated little and victims were left in the dark...
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...A restructuring at the group’s various holding companies now appears inevitable. But this process can still be lengthy and painful. Read more....
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...Another draw is the proximity to some of the city’s finest art galleries and museums, including the Metropolitan Museum of Art, the Guggenheim and the Cooper Hewitt, Smithsonian Design Museum....
...But this model has been shaken by construction delays at failed groups such as Evergrande, leading homebuyers to question whether they will ever receive their properties and discouraging new land purchases...
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