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...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...
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...It has financed projects including 316 rental homes in Bath and a joint loan with insurance group Generali for 65 homes for sale in Canary Wharf....
...development, according to government officials and the property tribunal....
...The growth in casualty insurance is intended to provide a “better balance” to its catastrophe-exposed property policies....
...German insurers including Munich Re and Allianz have amassed more than €3bn of exposure to the struggling property empire owned by real estate billionaire René Benko....
...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
...Lloyd’s of London, a big market for property catastrophe reinsurance, registered its best overall performance since 2007....
...The lack of affordable property insurance has even driven some to move home....
...Is there not technology that could properly assess such differences, perhaps sensors placed in the home to assess whether a particular property was at risk of wind damage or actually had water regularly...
...Continental European commercial property insurance prices rose at the start of the year for the 22nd consecutive quarter, according to an index from broker Marsh....
...Andy Haigh Director of Climate Positive Solutions, Grosvenor Property UK, London W1, UK...
...SFS uses escalating stages of collections activity during the period of non‐payment to enforce its rights....
...In reality, higher rates have helped property prices, because of the unique characteristics of the American mortgage market....
...Probitas, which provides commercial insurance including professional liability and property catastrophe cover, will keep its management team and brand....
...Overall, property insurers paid out £4.9bn to households and businesses last year, with more than half of that to homeowners....
...Nicolas Jeanmart, head of personal and general insurance at Insurance Europe, which represents EU insurers, says: “The focus of insurers has so far been less on public health but rather on damages to properties...
...“Ajit’s achievements since joining Berkshire have been supported by a large cast of hugely-talented insurance executives in our various P/C [property-casualty] operations,” he wrote....
...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....
...A recently announced partnership between Google Cloud and Lloyd’s insurer Hiscox trialled automated underwriting on a property sabotage and terrorism policy....
...Extra money is of no benefit, so the insurance is not worthwhile. But there are instances where it can be vital. What about the family?...
...Poste Italiane has excess insurance capital and has hedge protection from interest rate volatility....
...Property insurance rates, a particular source of pressure, were up another 6 per cent, and overall prices grew 2 per cent....
...In other countries, mortgage insurance mitigates the risk premium for high LTV loans. Even after paying for insurance against default, buyers can still save money....
...under pensions, and insurance policies....
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