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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....
...The company says it still has “reinsurance relationships with some non-Russian entities”. The company is part owned by the Italian insurer Generali, but its stake has been “frozen” since the invasion....
...Lemonade, whose shares have fallen more than 70 per cent since its first day of trading in New York in 2020, provides a range of insurance including for homes, pets and cars to customers in the US and Europe...
...Funabiki also praised UK regulators, which have come under criticism from lawmakers and lobby groups for being slow in approving new insurance securities, as “very knowledgeable and . . . always willing...
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Judith MartinWinchester, Hampshire, UK...
...Additional reporting by Sonja Hutson in Windham, New Hampshire...
...Nikki Haley insisted the race for the Republican nomination was “not over” after suffering a heavy defeat to former president Donald Trump in the New Hampshire primary....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the final three months of last year, the 25th straight quarter of increases....
...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....
...Donald Trump Jr, the former president’s son, has been touring New Hampshire to campaign for his father, and held an event at a vineyard in the town of Hollis, close to the border with Massachusetts on Monday...
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...And here’s what else I’m keeping tabs on today: US elections: Nikki Haley lashed out at what she said were Donald Trump’s “lies” on the final day of campaigning ahead of today’s vote in the New Hampshire...
...Now, much rests on what Direct Line’s brand new chief executive Adam Winslow delivers at full-year results this Thursday....
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
...The challenge, he added, is that there has been “a shortage of new capital coming into the market.”...
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...The area of private medical insurance that has seen the strongest growth has been in the number of people taking out personal cover, according to a survey by Statista Consumer Insights, a research company...
...The company’s shares were down more than 2 per cent in morning trading in London....
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
...A group of Wall Street veterans is now setting its sights on a new target: failed banks....
...These, she said, should help develop funding models, “understand the scale of some barriers and test new approaches that could then be scaled up at pace”....
...York and New Jersey....
...It had also seen some examples of companies paying out 70 per cent of the premiums in commission to third parties involved in selling the add-on insurance....
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