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...While a couple of hundred of these still hold unlimited liability, new Names typically have limited liability....
...“There has not been a lot of new companies and additions to capital, which given the current levels of profitability . . . you would expect [to] happen....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...This part of the insurance industry has been hit by four consecutive years of outsized losses from extreme weather....
...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...
...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...A quick refresher for readers who aren’t finance sickos like us: Collateralised loan obligations are one of those fun investment vehicles that bundles junk-rated loans, packages them into a new security...
...A string of big home insurers have halted new business in California, for example, in response to a surge in extreme weather losses....
...McGrath was founder of the 7:84 Theatre Company, named for the fact that in 1973, 7 per cent of the population controlled 84 per cent of the wealth....
...Well, I have news for all of them,” Haley said. “New Hampshire is first in the nation, it is not the last in the nation.” Yet her bid could be hard to sustain....
...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....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Insurance companies have lifted prices drastically in the past couple of years after spiralling inflation in their claims costs — as items such as car parts and second-hand cars became much more expensive...
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...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....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...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...
...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...These companies are making record profits on immoral and criminal activity and will continue to do so as long as the law allows. Jon P Frey Philadelphia, PA, US...
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