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...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...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 expected net cash flow to turn “consistently positive” in the first half of next year....
...Brown is up for re-election in Ohio, which Trump won in 2016 and 2020, while Casey is in a tight re-election race in Pennsylvania....
...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....
...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...
...Results: General Mills, the company behind Cheerios cereal and Häagen-Dazs ice cream, reports third-quarter earnings....
...Under such schemes, governments share losses from natural disasters with the insurance sector, or create structures to pool risk....
...The company received $4mn in incentives from an Ohio economic development agency and a 15-year tax abatement on property improvements. “They’ve got pitchforks and T-shirts and posters....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...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....
...The Ohio-based company, which also operates Bonobos and UpWest, said it intends to close 95 Express locations and all Upwest stores....
...Premiums from its general insurance division, which includes car insurance, also grew....
...MPs last year blamed regulatory foot-dragging for London losing out on $700mn of insurance-linked securities that went to Singapore....
...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....
...Mike DeWine, the Republican governor of Ohio, announced in June this year that Amazon Web Services intended to invest $7.8bn in data centres in central Ohio by the end of the decade....
...“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....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
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