Hints and tips:
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...RMS is one of the world’s most influential providers of analytics for reinsurers, and property and casualty insurance companies, and has been owned by DMGT since 1998....
...Property and casualty cover is seen as a far more natural home....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...Sage is owned within its Real Estate Partners Europe V fund, an opportunistic fund, and could ultimately be sold or listed....
...a sorting out of anomalies in the area of national insurance and an end to the triple lock....
...The insurer’s life division has performed far better than its property and casualty business, where a series of reserving charges and muted profitability have undermined investor confidence....
...Today, it is the traditional property and casualty insurance business, which accounts for almost two-thirds of revenues, that is the group’s big anxiety....
...Proceeds will be used to help fund the $15.3bn purchase of Bermuda-based insurer XL Group, which will expand Axa’s position in US property and casualty insurance and specialist parts of commercial insurance...
...Axa, France’s largest insurance group, is in talks to buy XL Group, a Bermuda-based property and casualty insurance company that has a market value in excess of $11bn....
...Burglaries — another offence for which police records are likely to be reliable because of insurance companies’ demands — were up 10 per cent in London, against a 6 per cent average for England and Wales...
...The disposal leaves The Hartford, whose history stretches back to 1810, focused on property casualty insurance and employee benefits....
...It will complete our exit from the run-off life and annuity businesses and strengthen our focus on growing our market-leading property and casualty, group benefits and mutual funds businesses....
...Several property and casualty insurance companies were forecast to swing to the red after Hurricanes Harvey, Irma and Maria made landfall and two earthquakes devastated parts of Mexico, a series of natural...
...Chubb’s reinsurance business has shrunk to account for only about 3 per cent of the group’s premium income, although Mr Greenberg said there was also pricing pressure in the wider property and casualty insurance...
...The property & casualty insurance industry has too much capital, and not enough to do with it....
...Mr Greenberg created the Chubb of today when in 2015 he struck the biggest deal in property and casualty insurance history. He was CEO of Ace, the Zurich-based insurer he joined in 2001....
...The former head of the UK’s Financial Services Authority is joining the group almost two years after Mr Greenberg struck the biggest property and casualty deal in insurance history....
...Insurance stocks had been trending downwards for weeks as the start of the Atlantic hurricane season weighed on investors’ minds, and rating agency Moody’s warned that property and casualty insurers, as...
...The industry veteran won early support from AIG shareholder Carl Icahn, even thought the activist has previously called for the group to separate its property & casualty business from its life insurance...
...Given AIG’s particular troubles with property and casualty insurance, some analysts think it would be wise not to choose another person short of industry experience....
...Prices for property and casualty insurance around the world have been falling for many years, putting brokers as well as underwriters under pressure....
...Despite that apparent victory, Mr Paulson has been unsuccessful in his wider push to break AIG’s life business apart from its property and casualty insurance arm....
...Berkshire is a powerhouse in reinsurance and consumer policies – including through the car underwriter Geico – but until recently it has avoided the type of big ticket property and casualty cover that AIG...
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