Hints and tips:
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...Five long positions in five very different industries (property casualty insurance; discount retail; health insurance; aerospace and defence; travel)....
...However, the Federal Deposit Insurance Corporation estimated that losses to its insurance fund would be about $13bn....
...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....
...Swiss insurer Zurich is to expand in the US with its $3.9bn acquisition of MetLife’s property and casualty insurance business....
...Casualty Insurance Association....
...One casualty has been the share prices of some of the UK’s listed estate agents: Countrywide, which was already struggling, is down roughly 80 per cent from pre-pandemic levels, while shares in LSL Property...
...Property and casualty cover is seen as a far more natural home....
...The Swedish residential property company was founded in 2016 by Mr Batljan, who was once a politician....
...New Zealand has ordered residents to self-isolate ahead of a nationwide lockdown in 48 hours....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...Cash is with the Nationwide....
...will enable further gains in property prices....
...In February it announced the acquisition of QBE’s Latin American property and casualty business for $409m, while it also bought a life insurance company in Chile....
...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....
...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....
...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....
...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....
...Allianz has been hunting for acquisitions in the property and casualty insurance market for a number of years, and chief executive Oliver Bäte has made no secret of his desire to do deals....
...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...
...In a note on Monday, credit ratings agency Moody’s warned that primary property and casualty insurers, as well as reinsurers and alternative capital providers such as catastrophe bonds, are all likely to...
...estate and hotels, as well as insurance and financial services”....
...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....
International Edition