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...IDS is working with Goldman Sachs, Bank of America and Barclays. The postal business remains regulated....
...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...
...Lloyd’s of London has attracted its biggest syndicate backed by individuals, or “Names”, since the early 1990s, as the insurance market looks to rebuild a base among private investors after its best performance...
...This part of the insurance industry has been hit by four consecutive years of outsized losses from extreme weather....
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...Shares in its holding company International Distributions Services languish below the October 2013 initial public offering price. The weight of its public service obligations weighs heavily....
...EP’s working with JPMorgan Chase, Citigroup and BNP Paribas, while Royal Mail’s owner is working with Goldman Sachs, Bank of America and Barclays....
...Insurance companies have lifted prices drastically in the past couple of years after spiralling inflation in their claims costs — as items such as car parts and second-hand cars became much more expensive...
...GLS, if valued in line with its rivals, would account for the bulk of that, suggesting a price for Royal Mail of just £250mn....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...The company, which was privatised between 2013 and 2015, has a market capitalisation of £2.1bn. Read more here....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Analysts at Bank of America said the deal should not worsen the outlook for capital returns at Aviva....
...Royal Mail reported operating losses of £1bn for the year to March 26 last year, partly because of strikes....
...Instead, they said consumer spending remained strong, and much of the drop in lending came from large companies, which have used their excess cash, or better markets, to pay down debt....
...“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....
...Charles I was beheaded in 1649; the House of Hanover was dogged by sex scandals; George III lost his mind and he also lost America, which wasn’t terribly popular....
...The crash suggested the protection around the bridge’s piers — or main supports — from ships was “inadequate”, said Robert Benaim, a fellow of the UK’s Royal Academy of Engineering....
...The owner of Royal Mail has appointed Heathrow airport’s chief operating officer to run the UK’s legacy mail-delivery company, after nine months of seeking to fill the post....
...Royal Mail has said there is an urgent need for reform because of the sharp fall in letter volumes over the last 20 years, which has made many of its basic services uneconomic....
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