Hints and tips:
Related Special Reports
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...Beijing is developing nationwide rules to clarify which companies will be liable in the case of an accident....
...The conglomerate had sold down relatively modest stakes in the likes of General Motors, HP, Chevron and Procter & Gamble....
...Swiss insurer Zurich is to expand in the US with its $3.9bn acquisition of MetLife’s property and casualty insurance business....
...“The UK [motor] market is fragmented and ferociously competitive, and so for some of the smaller insurance companies this is a challenge.”...
...Retail includes commercial property and liability exposures, which includes business interruption and general liability cover....
...One of the deals Mr Bäte has done is the £1.3bn purchase of LV’s general insurance business in the UK. Allianz bought half the company in 2017 and the remainder this year....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...Allianz has made no secret of its desire for acquisitions, and chief executive Oliver Bäte has made general insurance — also known as property and casualty insurance — a priority....
...Motor insurance was ZhongAn’s fastest-growing segment last year and accounted for about 80 per cent of overall property and casualty insurance premiums in China....
...A designer, Adriano Mudri, who worked at General Motors, became de facto employee number three, working evenings and nights in his spare time....
...Among them were three automobile companies — General Motors, Chrysler, and Ford; and three steel companies, Bethlehem, Inland, and US Steel. Where are they now?...
...For Allianz, the transaction will help to fulfil a longstanding ambition to make acquisitions in property and casualty insurance, and to expand in the UK....
...The facility is housed in a salubrious brownstone in the Upper West Side on a street where neighbouring properties sell for north of $10m....
...Venezuela’s opposition has called for a nationwide general strike over the issue and a presidential election....
...Motor is one of the most important markets for the global insurance industry. It accounts for $700bn of premiums every year, or 42 per cent of total property and casualty insurance....
...In an open letter addressed to AIG chief Peter Hancock, published on Wednesday, he calls for the creation of three new companies, focused on property and casualty, life, and mortgage insurance....
...A new regulatory body is needed to help navigate and eventually untangle these new linkages between banks, securities companies, trust companies and insurance firms, and can also help coordinate the tricky...
...We’re going to bring forward reforms to the compensation culture around minor motor accident injuries. This will remove over £1bn from the cost of providing motor insurance....
...Insurance companies, pension funds and private equity firms have all provided a mixture of senior and mezzanine debt secured against residential and commercial property during the past year....
...It’s extremely important for banks, it’s very important for the insurance sector, which absolutely does not have a real genuine single market in Europe....
...On the life assurance side he wants to be bigger in Singapore and Malaysia, while in non-life insurance – or property and casualty – he would like to grow in Thailand....
...“With property and casualty insurance markets very soft, reinsurers have been ploughing money into specialties and political risks have benefited from that. There is more capacity than ever before.”...
...Yet AIG has remained a major force in the insurance markets, particularly its global property and casualty business now known as Chartis....
...Of these, industry experts say there have been fewer “mega-bankruptcies” of the size of General Motors and Lehman than many had expected at the start of the crisis....
International Edition