Hints and tips:
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...Eric Yuan, chief executive, claimed the company was moving from being “a killer app company to a platform company”....
...David Sampson, chief executive of the American Property Casualty Insurance Association, said the industry was taking measures such as temporary suspension of premium payments, to ease the burden on business...
...So far though, most of the action has been in property and casualty insurance — cover for buildings, cars and business....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...Simon Kirby, chief operating officer at Rolls-Royce, is stepping down just 19 months after taking the post, becoming the first high-profile casualty of the FTSE engineer’s latest restructuring....
...Joseph Glauber, a former USDA chief economist, said that many farmers already had safeguards against low crop prices in the form of government-backed price and income supports and revenue insurance....
...The larger pharma companies reduced their exposure when the crisis began, and the smaller specialists don't have such deep pockets....
...Several property and casualty insurance companies were forecast to swing to the red after Hurricanes Harvey, Irma and Maria made landfall and two earthquakes devastated parts of Mexico, a series of natural...
...The estimates of casualties are frightening: in the worst case, the government expects 323,000 deaths....
...About Berkshire Hathaway Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation...
...The debt was accumulated through two recent acquisitions of property and casualty insurers: the 2007 purchase of Ohio Casualty, followed in 2008 by the purchase of SafeCo....
...He joined Ohio-based KeyCorp in December 2008....
...As US senators prepare to vote on the healthcare reform bill on Thursday, an unlikely casualty of one of Barack Obama’s keystone policies has now emerged: tanning salons....
...Greenberg has been quietly building up a family of insurance companies that could compete with A.I.G. To fill the ranks of his venture, C.V....
...Prior to joining Goldman, he worked as a casualty facultative underwriter for Munich American Reinsurance....
...ICICI’s managing director, K V Kamath, called the rumours “baseless and malicious”....
...The takeover will expand the presence of the world’s second-biggest reinsurance company in the property and casualty underwriting business in the world’s biggest insurance market....
..., and Liberty Mutual’s $2.7bn acquisition of US insurer Ohio Casualty....
...In recent weeks the main casualty has been V-Bird, a small Dutch-owned carrier operating out of Düsseldorf-Niederrhein airport in Germany, which has ceased operations....
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