Hints and tips:
Related Special Reports
...JAB says it is better positioned than other private capital competitors to become an owner of an integrated insurance and asset management company....
...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...The chief executive of Aon, one of the world’s largest insurance brokers, has called for better modelling of climate risks, saying conditions in the property insurance market were “stressed” after a surge...
...Data from litigation analysis group Solomonic shows there are more than 100 unresolved insurance cases in the High Court related to Covid-19....
...Although JAB has some exposure to the insurance business already — namely, through a stable of pet insurance companies — it’s limited....
...“The large capital base of National Indemnity and the broader Berkshire allows the group to take on more investment risk than is typical for insurance companies,” said Bruce Ballentine, senior credit officer...
...The ship’s liability insurance is provided in the first instance by Britannia P&I, part of a global group of liability insurers that share their losses between themselves and $3bn worth of reinsurance....
...Few outside of the energy industry and Scotland would once have heard of Wood Group....
...HSBC has also axed a string of international businesses deemed non-core to the Asia-focused group, including Canada, French retail banking and Argentina....
...The price rises have sparked concern among insurance buyers and consumer groups....
...I would hope that the US Department of Justice, Federal Trade Commission or Consumer Financial Protection Bureau might consider looking into how major insurance companies communicate on pricing and coverage...
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...The chief executive of FTSE 100 group Admiral, one of the biggest UK car insurers, said its motor insurance prices had peaked, signalling the end of a surge in premiums across the industry that sent the...
...the DMA”, and reminded the company of the EU’s power to enforce fines of up to 10 per cent of a company’s annual turnover under the new rules....
...Earlier this year, US insurance group A-Cap said it would attempt to take back control of assets ceded to 777 Re after the reinsurer had its credit rating downgraded, and US and Bermuda regulators have been...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Reinsurers “need to feel that it is not just about selling insurance and making a profit. It’s about responsibility as part of society”, Hielkema said....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...Progressive groups have also raised concerns that the measures would give additional power to Republicans who accuse asset managers of using their holdings to impose what they see as liberal agendas on banks...
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...The Rail Delivery Group, which represents train operators, this week wrote to the Aslef union to propose informal discussions ahead of the next wave of industrial action that is due to begin on Tuesday....
International Edition