Hints and tips:
...MS Amlin is targeting growth in areas such as marine insurance, one of its specialities....
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Hoad said the model could work across speciality lines of insurance, where start-ups’ data edge in niche areas could mean more competitively priced coverage....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Terminal V did not respond to a request for comment....
...“We have gone from a relatively loss-free market over the past 20 years to a market that is suffering serious losses,” Tom Bradbrook, executive director at Howden’s speciality insurance business, told the...
...Additional contributions from Grace Ramos, Gordon Smith and George Russell...
...Nicholas Malins-Smith Cambridge, UK...
...Activist investor Nelson Peltz told the Financial Times that the deposit insurance limit should be increased. Here’s the latest on the US banking turmoil. 2....
...The agency estimates the deal will cost the insurance fund $13bn. Why was JPMorgan allowed to buy First Republic?...
...Biden is also calling for the deposit insurance fund, which the Federal Deposit Insurance Corporation relies on to pay back depositors in failed banks, to avoid hitting community banks as it replenishes...
...The share price of two of the largest US car insurance companies — Take Allstate and Progressive — have fallen in the past month, reflecting the rising costs of underwriting auto insurance policies....
...Lawmakers including Elizabeth Warren, the progressive Democratic senator from Massachusetts, repeatedly asked Becker and Shay if they would return their pay to the Federal Deposit Insurance Corporation,...
...Dozens of Democratic lawmakers on Tuesday rallied behind a bill led in part by progressive senator Elizabeth Warren, which called to repeal the 2018 rollback....
...Progressive Democrats this week heeded a call from President Joe Biden to “strengthen the rules for banks”....
...Another report from the Federal Deposit Insurance Corporation on Friday examined the causes of the collapse of Signature Bank, which failed in early March just days after SVB....
...Kate Duguid, US capital markets correspondent A profile of the actress who plays Flo in the Progressive ads by Caity Weaver in New York Times gets at the nature of advertising, the insurance industry and...
...Highly unusually for a bank, SVB received warrants in many of the companies it financed, in effect a bet that any losses on its loan books could be covered if just a few of the companies went on to become...
...They join from Herbert Smith Freehills....
...Those seeking reinsurance in speciality areas such as aviation and marine also had to contend with the “most challenging renewal in a generation, reflecting the potential for large losses from the Russia-Ukraine...
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...Howard Davies: A fundamental reform of property taxation, lowering stamp duty and making the council tax more progressive....
...Me: “I’m not sure I have insurance for this.” Blackwood begins to scale the cliff to my rescue. “At this point I can catch you,” he says, to reassure me....
...As always you can reach me at sid.v@ft.com....
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
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