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...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...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 regulator, meanwhile, has said that insurance brokers should stop paying commissions to third parties “where they do not have appropriate justification and evidence for doing so in line with our rules...
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...This was offset by a positive contribution from other business lines, such as home insurance and motor rescue....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...Insurance is not supposed to be exciting. But Direct Line needs to offer some zing to its shareholders if it is to shake off the attentions of Belgium’s Ageas....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...cent, while the dividend was in line with expectations....
...A surge in insurance prices has repaired damage to its underwriting margins....
...independent consultant on ethics in insurance....
...Hoad said the model could work across speciality lines of insurance, where start-ups’ data edge in niche areas could mean more competitively priced coverage....
...Ageas said the deal would strengthen its position in the European market and help it rebalance towards non-life insurance business. Direct Line shares jumped 20 per cent to 197.5p on the news....
...the company in as many years....
...Insured losses of $108bn for 2023 were broadly in line with the five-year average....
...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”....
...Shares in Direct Line jumped 14 per cent after the UK motor insurer agreed to sell its brokered commercial insurance unit for £520mn in a bid to shore up its balance sheet after a string of profit warnings...
...It helps that the company also posted its strongest first-half cash generation since 2017. But in the short term, top-line growth is well out of reach....
...lines such as cyber....
...Heffner, Stoffen and millions of other homeowners worldwide are on the front line of an insurance affordability crisis....
...Their performance was helped by a few big successes such as insurance group Skyward Specialty, which has risen 125 per cent since listing a year ago, and Rayzebio, which is up 244 per cent, driven by news...
...The company scrapped its final dividend for the year as bad weather added to the pressure....
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