Hints and tips:
...A significant part of the Signa group debt was provided by non-bank financial companies such as Dortmund-based insurer Signal Iduna, a midsized company with 12mn customers, mainly in health and life insurance...
...Property and casualty insurers may comfort themselves that their exposure to climate risk is limited by annual contracts — an industry standard that enables them to reprice, limit or completely withdraw...
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...It will bring together senior leaders from North America’s leading asset and wealth management firms, including Capital Group, BlackRock and Goldman Sachs....
...It has a historically low correlation with other asset classes and acts as “insurance” during falling markets and times of geopolitical stress....
...Take one example: imagine if five of the largest property and casualty insurance companies and the three largest reinsurers failed following previously unlikely ice sheet melt and permafrost collapse, which...
...However, I’m kind of long the insurance industry, specifically kind of property casualty insurance industry. Now, everybody hates on this industry a little bit because, you know, the doomers, again....
...Germany’s deputy chancellor Robert Habeck proposed increased scrutiny of Chinese direct investment in critical sectors such as semiconductors and artificial intelligence....
...“The old playbook of whenever there’s growth weakness, you stimulate the property market or build infrastructure — that’s no longer relevant,” says Kinger Lau, chief China equity strategist at Goldman Sachs...
...Zurich, one of Europe’s biggest insurance groups, released full-year results on Thursday, reporting a flat combined ratio — claims and expenses as a proportion of premiums — for its property and casualty...
...“The size of the higher returning markets is not as big as if you move down the return spectrum to infrastructure, core-plus real estate, direct lending and private credit for insurance companies,” said...
...After edging out rival bids from PNC Bank and Citizens over the weekend, one person familiar with the negotiations said Dimon had a “direct line” to President Joe Biden through his contacts in Washington...
...Amazon wants its portal to be a direct competitor to sites such as Moneysupermarket, Uswitch, Compare the Market and GoCompare, although it only has three insurance providers at present....
...The group’s property and casualty division posted strong results owing to a lower bill from natural catastrophe claims and rising commercial insurance prices....
...In addition to higher financing costs, he is also grappling with Florida’s broken property insurance market....
...The weather is clearly changing and still people pour into Florida and Texas. What’s a couple of hurricanes and floods a year and high insurance when you got low taxes and rising property rates?”...
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...Figma was part of a wave of new browser-based design tools when it was founded and is a direct competitor to Adobe’s XD....
...News round-up Apple sidelines Goldman Sachs and goes in-house for lending service (FT) Insurance start-ups face credibility crisis in brutal tech rout (FT) JPMorgan’s $175 million CLO packaged pain into...
...Tabby Kinder reports on another casualty from the blow-up of the Archegos Capital family office....
...Municipal debt has long been a haven asset class, popular with long-term investors including pension funds and insurance companies....
...Nine hours and 44 minutes — for one North Yorkshire-based property business, that was all it took between water flooding its premises and an insurance payout hitting its bank account in January....
...Eight disclosed direct investments in companies’ shares or in government bonds. The Cyprus and Malta central bank governors held their countries’ sovereign bonds, which the ECB is buying....
...The property deal has had a “chilling effect” for rival companies planning big cross-border deals for assets considered “strategic” to the Chinese economy, a senior mergers and acquisitions lawyer in Hong...
...is spent mainly on travel and education — could also be used to purchase overseas securities and insurance....
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