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...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....
...In December it agreed a $13bn acquisition of US broker NFP, expanding the business it does with mid-sized companies....
...The company’s share price is down more than a third from its November 2021 peak....
...Meanwhile, Swedish insurance companies have the highest holdings of stocks in the EU....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....
...“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....
...Small and mid-capitalisation stocks have predictably fared worse, casualties of consolidation among brokers and the rise of index funds....
...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...
...An insurance company “needs to have the longer-term alignment”, Borean said, adding that each situation needs to be viewed on a “case-by-case basis”....
...The latter’s Yggotel, Select and Novum hotels will be rebadged as Garner, IHG’s new mid-range brand, while its niu brand will become Holiday Inn — the niu....
...into bank parent companies....
...Amazingly, no one was sitting beside that door, so there were no casualties. But a child nearby is reported to have had his shirt sucked off as the aircraft lost pressure....
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...Despite the plane maker’s latest problems surrounding its mid-air incident on one of its Max 9 aircraft last month, Mesfin expressed confidence in the company....
...More than 30 countries across the continent have expressed an interest in receiving malaria jabs....
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...Sparrow missiles have three variants: the short-range Black Arrow, and the mid-range Blue and Silver Arrow versions....
...the company in as many years....
...,” which is Florida’s state-run insurance company....
...In its mid-year report, PwC found that volumes for US health services deals were 4 per cent lower than in 2022....
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