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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...But after a fierce and public debate over the takeover, and whether the terms justified a loss of LV’s mutual status, members voted to kill it. Today, mutuals are back on the front foot....
...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...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....
...by the end of the year, provided a riposte to “naysayers” who said the company was “going to burn through [its cash] and go out of business”....
...Despite pressures to consolidate, sometimes driven by regulation, mutuals — and smaller friendlies — play a vital role providing access to affordable insurance....
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...Rising insurance prices were “a reflection of the risks, and the risks are going up, and they are going up quickly. It’s a call for action”, Hielkema added....
...In March, the boss of Admiral said the sector was in a “different situation” and that the FTSE 100 company had even put through a “small price decrease” recently to win business....
...[was] retirement and somewhat in the insurance channel as well,” Spector said. “So, we just have a much, much larger field force.”...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...The mutual, which is owned by its customers as opposed to shareholders, said it was not required to put the takeover to a vote by its members....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....
...Pimco has proposed its first mutual fund-to-ETF conversion, according to a regulatory filing....
...& officers insurance, where prices have come off....
...Mitsui Sumitomo Insurance also recently announced expansion plans for its Lloyd’s insurer. But there is a fragility to this recent success....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...“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....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
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