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...The growth in casualty insurance is intended to provide a “better balance” to its catastrophe-exposed property policies....
...Groups representing more than two dozen international lenders — including insurers, banks and bondholders — with claims totalling more than €3bn told the Financial Times that Signa properties worth hundreds...
...The Association of British Insurers said that an assessment of fire risk “should look at the use and construction of the building and not be constrained to arbitrary height limits”....
...Leaseholders in blocks of flats pay towards insurance policies covering the buildings and their contents, but have no control over which insurers are selected or the intermediary costs paid to brokers —...
..., according to data published on Monday by the Association of British Insurers....
...The group, which is one of the world’s biggest insurers and offers broader financial services including banking, reported operating profits down a fifth at Rmb118bn ($16bn) last year, in results released...
...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...
...The changes could cut the $100bn Americans pay annually in real estate fees by as much as 30 per cent, according to a study by the Consumer Federation of America, a watchdog....
...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...
...Property and casualty insurers may comfort themselves that their exposure to climate risk is limited by annual contracts — an industry standard that enables them to reprice, limit or completely withdraw...
...US property and casualty insurers could face $40-180B in losses related to PFAS litigation....
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...Europe’s second-biggest insurer, which cemented its focus on property and casualty insurance with the $15.3bn acquisition of XL in 2018, said it would prioritise dividend growth and annual share buybacks...
...some of the biggest US property agents....
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...On top of that, his insurer has just told him it is pulling out of the local area, which is at risk of wildfire....
...The lack of affordable property insurance has even driven some to move home....
...An estimated $1.2tn of US CRE debt is maturing in the next two years, according to the Mortgage Bankers Association....
...The point of the temporary accounting-rule change, from the National Association of Insurance Commissioners, was to shield life insurers’ capital from losses caused by rising interest rates....
...“Finding those outside of North America is difficult.”...
...We talked a little bit about these sorts of stocks last week, and we mentioned our first pick, Everest Group, then. Everest is a property casualty reinsurer and primary insurer based in Bermuda....
...A total of $117bn in commercial mortgages tied to US offices will come due this year, according to the Mortgage Bankers Association....
...his properties by billions of dollars over several years....
...America’s real estate market remains stuck in the mud. Existing home sales, which make up most of the US housing market, totalled just 4.09mn units in 2023, a 30-year low....
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