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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....
...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....
...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....
...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...
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...One reason is inadequate information to assess US flood risk, Gourevitch says....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...“That’s one of the great debates that you can read about in the paper every day.”...
...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....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...He is also at the heart of a struggle for the future of America’s most liberal church....
...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....
...Aspen’s 7,000 full-time residents are used to seeing their picturesque home inundated with about 1.4mn visitors every ski season, many of them America’s super-rich seeking sanctuary in this gilded outpost...
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...We now talk about there being four tier-one reinsurance brokers, and we are one of them.”...
...The mechanics of the NAIC’s rule change (as described by Barclays, Bank of America, regulators, industry groups and various other sources) are . . . not especially simple....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...The analysts at Employ America have also highlighted auto insurance’s role in the recent gap between the CPI and the Fed’s favoured PCE indicator — and reckon that part of the gap could very possibly narrow...
...Instead, he said, they should focus on supporting the energy transition, by creating new types of insurance coverage that support key technologies and companies involved....
...Instead, the first “rerun” election match-up in seven decades may be defined by the lack of any one star, network, or set of information....
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