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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....
...and still a high-quality company.”...
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...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...
...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 reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...,” which is Florida’s state-run insurance company....
...For the first time in more than a decade, solid yields are available on the highest-quality bonds....
...Employment: Labour shortages and workforce quality remain key concerns for employers....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...Think of value (cheap stocks beat expensive) or quality (strong companies beat weak ones) or size (small beats large)....
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...The next most represented industry is fintech, financial services and insurance, which accounts for 8 per cent....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...“The insurance hasn’t done much to ease my medical burden,” he said. “I might as well spend more money on high-quality food to stay healthy.”...
...If a combined ratio is above 100, that means a company’s insurance business is unprofitable, or it’s paying out more in claims and operating expenses than it is earning in premiums....
...As at the end of 2022, US insurers (primarily life insurance companies) held some 20 per cent of all outstanding US commercial mortgage loans, accounting for 9 per cent of the insurance industry’s total...
...Laura Skelding’s springer spaniel, Otis, was three months old when he incurred his first vet’s bill of £3,500, which she was forced to pay out of her own pocket despite having pet insurance....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Among Berkshire’s operating segments, the backbone insurance business has had a strong 2023. High interest rates have boosted investing income in 2023....
...The quality of consultancies not included is not disputed....
...Having outperformed other financials last year, the S&P Property & Casualty Insurance index is down 7 per cent so far this year. That compares with the S&P 500’s 15 per cent gain....
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