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...The growth in casualty insurance is intended to provide a “better balance” to its catastrophe-exposed property policies....
...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...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....
...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...
...development, according to government officials and the property tribunal....
...The figures from Nationwide — which put the average cost of a property at £261,142 — were worse than expected....
...Probitas, which provides commercial insurance including professional liability and property catastrophe cover, will keep its management team and brand....
...Under the terms of the transaction, Nationwide will pay 218p in cash for each share of Virgin Money and a final dividend of 2p, the companies said on Thursday....
...Brexit and mortgage regulatory changes also played a role, according to Richard Donnell, executive director at property consultancy Houseful....
...UK house prices rose more than expected in January, according to mortgage provider Nationwide, as easing mortgage rates helped to stabilise the property market....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Overall, property insurers paid out £4.9bn to households and businesses last year, with more than half of that to homeowners....
...Vanke, one of China’s leading property developers, said it would cut its debt by $14bn after a nationwide slowdown in the sector hit its sales and saw its profits fall by almost half in 2023....
...With no intention to convert to a public listed company, there is no requirement to consult Nationwide’s 3.7mn committed members....
...UK house prices fell for the first time in six months in March, according to the lender Halifax, surprising economists and adding to signs of inconsistency in the property market recovery....
...“Nationwide is a good home for it and will benefit customers.”...
...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...
...The ship’s lead liability insurer, Britannia P&I, said on Thursday it was “working closely with the vessel’s owner and manager and the relevant US authorities as part of the investigation into the casualty...
...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....
...The company’s results came alongside data from mortgage provider Nationwide on Friday, showing UK house prices rose 1.2 per cent year on year in February, a bigger than expected jump and the first annual...
...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 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...
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
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