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...It is continuing to provide cover to ships transiting the Red Sea, for which insurance rates have jumped as the Houthi rebel group has attacked commercial ships....
...Funabiki also praised UK regulators, which have come under criticism from lawmakers and lobby groups for being slow in approving new insurance securities, as “very knowledgeable and . . . always willing...
...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...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.”...
...of the work for the gambling group....
...High spending on customer acquisition has been a concern for investors in Lemonade and other insurance start-ups....
...These “buyouts” — of pension plans and the assets backing them — are regarded as the gold standard for safeguarding benefits....
...Unveiling his first set of full-year results on Thursday, just weeks after he joined the group, Adam Winslow said Direct Line had a “strong platform for recovery”, after a return to profit allowed the group...
...Total returns for the group’s shares have underperformed the Stoxx 600 insurance sector by a third over the past three years....
...The price rises have sparked concern among insurance buyers and consumer groups....
...If we want to stop the withdrawal of cover for extreme weather, positive climate action is the key. Governments need credible commitments and delivery plans for net zero....
...Zurich said it was “committed to finding a solution for this portfolio and will explore options in due course”, adding that the deal collapse did not affect its financial targets or capital management plans...
...The events, executives say, amount to the biggest challenge yet to private capital groups’ foray into the life insurance sector....
...Admiral posted group pre-tax profits of £443mn for 2023, up almost a quarter on rising car insurance premiums but below analysts’ expectations....
...China’s Ant Group is bidding against Citadel Securities, the Miami-headquartered market maker founded by billionaire Ken Griffin, for Credit Suisse’s Chinese securities unit....
...The chief executive of the Lloyd’s of London insurance market has said insurers should “just get on with it” and pay out for the Baltimore bridge collapse, rather than waiting for years of wrangling over...
...Motor-vehicle maintenance and repair costs, which feed into insurance costs for obvious reasons, are up 6.5 per cent in a year, and 0.8 per cent for January....
...Mitsui Sumitomo Insurance also recently announced expansion plans for its Lloyd’s insurer. But there is a fragility to this recent success....
...cent to the UK group’s closing price on Tuesday....
...A group of investors has launched a £100mn fund to help finance the electrification of London’s iconic red buses....
...Built for comfort, not speed is a good slogan for annuities — an insurance product offering retirees steady, long-term income....
...Aviva said Lloyd’s, a centuries-old market selling specialist insurance and reinsurance covering everything from cyber attacks to hurricanes, was a “major source of untapped growth” for the FTSE 100 group...
...The FTSE 100 group reported record pre-tax profits of $1.25bn last year and announced a $325mn share buyback....
...The UK is missing a statutory body that can help government of any complexion, together with industry, to plan and execute for long-term growth....
...Part D plans....
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