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...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....
...Geico, meanwhile, has ceded market share in recent years, with analysts saying it has been slower than some rivals such as Ohio-based Progressive to adopt technology that is changing how motor insurance...
...But both property and casualty reinsurers, and their counterparts in the life business, are now attracting greater attention. Let us take them in turn....
...Should companies be punished for handing money back to shareholders? The Department of Justice seems to think so....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...The European Commission, the EU’s executive arm, had been preparing a formal investigation into Apple’s move to disable so-called “progressive web apps” in the bloc....
...The company said its position in the iPhone maker was worth $135.4bn in the first quarter, down from $174.3bn at the end of 2023, indicating it had sold roughly 115mn shares in the company at the start of...
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...(Do this thought experiment: picture a conglomerate controlling the same empire of companies as Berkshire, including in notably unpopular industries such as energy, insurance and banking; can you imagine...
...However, its likely sale also marks something much bigger: the first major casualty of the streaming wars, according to the FT’s editorial board. And there could be more to come....
...Buffett in recent years has talked about how he shares similar views on capital allocation to Abel, who rose through the company’s utility business and now has oversight over all of its non-insurance operations...
...Combs’ background is insurance; the 53-year-old got his start at Progressive....
...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...
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...The bloc’s competition regulators sent questions to developers last week seeking to determine the impact of Apple’s decision to disable so-called “progressive web apps” in the EU, in a move seen as a precursor...
...An insurance company “needs to have the longer-term alignment”, Borean said, adding that each situation needs to be viewed on a “case-by-case basis”....
...The US Federal Deposit Insurance Corporation is working on proposals aimed at ensuring asset managers do not seek too much influence over the banks in which they hold large stakes....
...Likewise, as progressive economist Joseph Stiglitz points out in his new book (see my recommended reading below), freedom is something that progressives need to talk more about as well....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...Buffett has long heaped praise on Apple’s management team and in 2022 he described the company as one of Berkshire’s “four giants”, alongside its insurance operations, the BNSF railroad and its energy and...
...But it will be companies with large health insurance divisions such as UnitedHealth not traditional retailers, that will have the best shot at capturing more of that $4.5tn pie. pan.yuk@ft.com...
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
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