Hints and tips:
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...The company conducted work to compare listing venues....
...Insurance prices are surging as companies look to repair their margins after years of significant losses from severe weather to insured properties, exacerbated by inflation in rebuild costs....
...The performance was helped by a quiet year for hurricane claims as well as a rapid run-up in reinsurance prices over the past 18 months....
...The Canadian group also created a reinsurance affiliate to initially manage $5bn of the Iowa company’s annuity liabilities and today owns 18 per cent of the insurer....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Last year’s results benefited from fewer hurricane claims as well as a steep rise in reinsurance prices. That is unlikely to continue, though Lloyd’s expects rates to level out rather than fall....
...New features in the London Bridge 2 scheme include allowing the reinsurance contracts to be funded by debt securities for the first time, opening the door to a wider array of investment funds....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...from state-owned insurance companies....
...The decision to stay is an acknowledgment by Lloyd’s of the continued importance of face-to-face contact when hammering out insurance and reinsurance contracts....
...and property catastrophe reinsurance....
...“I think you’re going to see a much stronger movement in price for European reinsurance business,” he said in an interview on Thursday, adding that reinsurance price increases would feed through to primary...
...Lloyd’s said insurance and reinsurance prices rose 9 per cent in the six months to June 30. That helped its underwriting profits to more than double to £2.5bn....
...Moody’s wrote in a recent report that “the rising tide of offshore life reinsurance raises [a] yellow caution flag”....
...In the crucial turn-of-the-year policy renewals, the premiums it retains within its reinsurance business rose almost half year on year as it put more capital to work....
...He said Lloyd’s should be held to the same standard as a listed company and would “have an obligation to come back and tell people” if performance diverted from its targets....
...The controversy comes as Lloyd’s last year reported its best underwriting performance since 2015 as a sustained upswing in commercial insurance and reinsurance prices more than made up for big claims from...
...The first £450m has been provided by a newly created company, financed by investment bank JPMorgan....
...Joe Monaghan, a senior executive in its reinsurance broking division, said the reinsurance sector “may be fast approaching a true hard market”....
...The market, which published aggregate half-year figures on Thursday, said it had taken £1.1bn of the Ukraine hit, net of reinsurance, in the first half....
...He’ll head Brookfield’s publicly listed reinsurance business, which the group plans to expand aggressively....
...But losses after reinsurance will be a fraction of that amount....
...John Neal, chief executive of the City’s specialist market for insurance and reinsurance, told the Financial Times it expected “multibillion-dollar losses” from the conflict but stressed it was still very...
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