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...The ship’s lead liability insurer, Britannia P&I, said on Thursday it was “working closely with the vessel’s owner and manager and the relevant US authorities as part of the investigation into the casualty...
...The insurer was likely to “receive questions about potentially buying a commercial lines [property and casualty] business at the top of the cycle . . . but the purchase price seems reasonable in this respect...
...That deal would involve “keeping oil below the ground in certain zones, and monetising that action for conservation”, he said....
...Lloyd’s, which is made up of more than 50 individual underwriting firms covering big and esoteric risks ranging from oil tankers to footballers’ legs, has been traditionally reliant on individuals and insurance...
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...looking for insurance cover, according to people who work in the market....
...Dubbed the “inside-out” building with services such as water pipes and lifts running down the outside, One Lime Street has been compared by some to an oil rig and a motorcycle engine....
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...from cyber attacks to oil spills — has remained dependent on person-to-person trading....
...The next sizeable possibility could be Marathon Oil, which is trading at a $13bn valuation....
...Major oil companies often stop using tankers after 15 years of wear and tear....
...Lloyd’s of London, which had set a goal to end new insurance for the dirtiest projects of thermal coal and oil sands, as well as Arctic drilling, from the start of last year, also then appeared to row back...
...However, I’m kind of long the insurance industry, specifically kind of property casualty insurance industry. Now, everybody hates on this industry a little bit because, you know, the doomers, again....
...Last year, ADQ merged state health operator Seha and insurance provider Daman into PureHealth, forming a national healthcare giant....
...“I am much less convinced about their reliability and ability to effectively handle a casualty if something goes wrong,” said Roppestad....
...Dubai Silicon Oasis in August, and Amur Investments Ltd, registered in Abu Dhabi in September....
...Blackstone, meanwhile, invests on behalf of insurers such as Corebridge through its insurance solutions division....
...Five big global insurers and Lloyd’s of London, the insurance market, have quit the Net-Zero Insurance Alliance as growing US political pressure and legal fears plunge the climate initiative into crisis....
...The ILS market could get a boost if Lloyd’s extends use of the securities to casualty insurance. Even if that fails to take off, Lloyd’s is right to open its doors to alternative capital....
...Lloyd’s and the wider insurance market is awaiting details of a G7 plan to ban insurance and other services for Russian oil cargoes above a yet-to-be-announced price cap....
...The City’s of London’s most upper-crust and well-connected brokerage was still headquartered in a grand Victorian townhouse behind the Bank of England — all marble fireplaces, mahogany desks and oil paintings...
...In the property and casualty insurance division, a weaker combined ratio — claims and expenses as a proportion of premiums — was attributed to greater delinquencies in credit insurance....
...For contracts renewing in July, Swiss Re implemented a 12 per cent rise in premiums across its property and casualty business, which includes natural catastrophe cover and other types of insurance....
...“We’ve seen the impact the insurance ban had on Iranian oil a decade ago, and this could well send Russian oil trade down the same path.”...
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