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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....
...development, according to government officials and the property tribunal....
...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....
...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...
...Probitas, which provides commercial insurance including professional liability and property catastrophe cover, will keep its management team and brand....
...UK house prices rose more than expected in January, according to mortgage provider Nationwide, as easing mortgage rates helped to stabilise the property market....
...“This acquisition strengthens Nationwide and means we can offer more value and broader services for our current and future members,” Crosbie said in a statement....
...Purchasers with plenty of equity — borrowing no more than 60 per cent of the value of the property — can get a two-year fix with Barclays at 4.53 per cent....
...The Virgin deal would increase Nationwide’s size by about a third but the enlarged business would still meet the act’s definition of an organisation principally making loans secured on residential property...
...“Nationwide is a good home for it and will benefit customers.”...
...But development in the US’s most densely populated state is heavily concentrated near shores and rivers, putting homes and businesses at risk. That risk is not being factored in to insurance premiums....
...Economists polled by Reuters had expected 0.3 per cent month on month and 0.7 per cent annual increases. Prices rose 0.7 per cent from January, taking the average property price to £260,420....
...Nationwide said on Friday that prices had been flat between November and December, leaving them almost 4.5 per cent below the peak reached in the summer of 2022....
...A sharp rise in borrowing costs last year and fears over sinking house prices triggered a slowdown in the market, with about 1mn homes sold nationwide according to Land Registry data, the lowest in a decade...
...property....
...The UK-wide research from property data provider TwentyCi showed 86,000 sales were agreed in January, which was 23 per cent above the level in January 2023, and 0.9 per cent above the 2019 month....
...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...
...Last week, lender Nationwide reported that house prices rose 0.7 per cent month on month in January. Both Nationwide and Halifax base their house price indices on the mortgages they approve....
...UK house prices rose unexpectedly last month, supported by a lack of properties for sale, according to the mortgage provider Nationwide....
...He estimated nationwide revenues from land sales could fall to Rmb2.9tn in 2024, compared with Rmb3.2tn in 2023 and Rmb4trn in 2022....
...But it had no plans for a nationwide revaluation of the way council tax is calculated. “Councils are ultimately responsible for their own finances and for setting their own council tax,” it said....
...This boosted mortgage approvals and led to a rise in the house price indices of Halifax and Nationwide....
...Property and casualty insurers may comfort themselves that their exposure to climate risk is limited by annual contracts — an industry standard that enables them to reprice, limit or completely withdraw...
...The failure of Signa, a property empire built over the past two decades by its politically connected, billionaire founder Benko, has been the highest-profile casualty of the strains across Europe’s commercial...
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