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...“I do think the pendulum has tipped too much the other way,” said Brindle....
...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...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 company expected net cash flow to turn “consistently positive” in the first half of next year....
...“We know people are frustrated by time-consuming processes and ingrained ways of working that impede our ability to be competitive and leave us lagging behind our peers,” the memo continued....
...“What you now see is governments starting to realise that [responding to disasters] through just public spending might not be the best way forward....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Neal said: “I don’t think anybody is going to stand in the way of repair.”...
...It had also seen some examples of companies paying out 70 per cent of the premiums in commission to third parties involved in selling the add-on insurance....
...It is selective, however....
...One way to soften the price shock for younger and poorer drivers would be state intervention....
...Chopra agreed to keep talking, adding he would continue to push for a way for the public to have input on the issue. “I hope this will head to some sort of consensus,” he said....
...Communities have tried other ways to mitigate the flood risk to their homes, but the costs can be prohibitive....
...Then there is the insurance. Cars in particular may need some serious looking after....
...“If you are a bus operator, you do not have that kind of investment available . . . this is about finding a way to bring institutional money in,” he said....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...into bank parent companies....
...As Sonali Basak pointed out on Bloomberg last week, if the assets are held within insurance-company subsidiaries, insurance regulators will have visibility, and there will be some required disclosures....
...“In some ways, the fact that it is possible to list such a company at all suggests that the IPO market currently is rather strong,” he said....
...This requires it to handle or “resolve” failed banks in a way that is least costly to the FDIC’s deposit insurance fund, except in extraordinary circumstances. There are valid reasons for this....
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...The chief executive of Saga, the UK insurance and travel business focused on customers over 50, is leaving the company as it hunts for ways to repair its balance sheet....
...The US Federal Deposit Insurance Corporation is working on proposals aimed at ensuring asset managers do not seek too much influence over the banks in which they hold large stakes....
...The way your insurer gauges your risk profile could drive up your costs, and another company might assess you differently....
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