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...The chief executive of Aon, one of the world’s largest insurance brokers, has called for better modelling of climate risks, saying conditions in the property insurance market were “stressed” after a surge...
...Names were the historical basis of the Lloyd’s market, but also at the centre of one of its biggest controversies....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...MS Amlin is targeting growth in areas such as marine insurance, one of its specialities....
...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....
...But one government official with direct knowledge of the matter said: “The Treasury is working towards a September fiscal event and will try to cut national insurance by another 2p. That’s the plan.”...
...The move would cement the group as one of the biggest underwriters in the London market. This year, the company will write around £2bn of business within Lloyd’s itself....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...Wild fish used in feeds contained more than five times as much calcium, four times as much iodine and one and a half times more iron, omega-3 and vitamin B12....
...Hyperexponential is just one of several new businesses hoping to automate the data input and analysis that is the mainstay of the job of underwriters — the insurance industry’s core decision makers....
...In January, industry data based on policies sold, rather than comparison quotes, showed the average premium paid for insurance was £627 in the final quarter of last year, up one-third on the same period...
...The chief executive of FTSE 100 group Admiral, one of the biggest UK car insurers, said its motor insurance prices had peaked, signalling the end of a surge in premiums across the industry that sent the...
...The robust performance from Lloyd’s was echoed in the annual results from Beazley, one of the market’s largest insurers....
...He gave the bridge repair as one example. “The lead insurer on the bridge is Chubb. If they want to start rebuilding the bridge, Chubb can help to pay for that....
...“All EU regulators are really down on PE fund owners right now,” said one insurance executive....
...One year’s strong performance does not make up for dismal returns. The market’s return on capital was just 3.6 per cent since 2017, even taking account of last year’s 25 per cent return....
...Profits were dragged down by one-off charges linked to last year’s regional banking crisis....
...He said last year’s 2p cut from national insurance had put 94,000 more people in work, filling more than one in 10 vacancies....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...We now talk about there being four tier-one reinsurance brokers, and we are one of them.”...
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...“The forum will be able to explore decarbonisation approaches by involving key sectoral players such as insurers, reinsurers, brokers, regulators and campaign groups,” said one person at an alliance member...
...Aviva, one of the largest providers of health insurance in the UK, reported that its “protection and health” premium sales were up 23 per cent in the third quarter of last year compared with the same period...
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...One personal result is that I drive even slower than before....
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