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....
...Property and casualty cover is seen as a far more natural home....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...ZhongAn Online Property & Casualty Insurance ZhongAn was the first major fintech company to list in Hong Kong and the world’s first flotation of an “insurtech” company, which uses artificial intelligence...
...In 2015, the property and casualty insurance industry saw a spate of large deals as companies looked to expand their geographic reach, increase their revenues or cut costs in the face of falling prices....
...The combination of the two companies creates a “world leader in property and casualty insurance, reinsurance and investments”, said Fairfax, which last year bought UK insurer Brit for £1.2bn....
...He sees M&A as one way to hit his 5 per cent annual earnings growth target and has said that he wants to expand in the property & casualty insurance sector....
...Over the last year, we understand that a number of AIG’s 100,000+ employees have left A.I.G. to join the company’s direct competitors in the global property and casualty and life insurance businesses....
...The ventures have built up a 6 per cent market share in China and foreign insurers project sales growth in life insurance of between 30 per cent to 50 per cent and a rise in sales of property and casualty...
...We’re in underwriting, we’re in broking, we’re in life business, we’re in some property and casualty business....
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