Hints and tips:
...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...
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...The FOI did not include the number of unsuccessful claims but one insurance broker said the design of the scheme meant it could be difficult to get a payout....
...But the corporate moves of recent vintage by these companies have been an important reason why many have held on to their UK top 10 positions. Take the 1953 list....
...The firm has made a number of well-timed and well-priced acquisitions like those of Smith Barney and the E*Trade broker network. But it’s also been acquiring brokers team by team....
...The sales on behalf of the Federal Deposit Insurance Corporation were arranged in a matter of weeks....
...In March, Root appointed a chief financial officer, Rob Bateman, whose CV includes stints at well-known insurance firms such as The Hartford. There are signs of improvement....
...Recommended reading ClearBank reaches profitability The fintech, which offers embedded banking — allowing non-financial companies to offer products such as insurance or payments — launched in 2017 as the...
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...For this week, insurance correspondent Ian Smith takes a look at the chat bots that are increasingly handling your claims....
...Andreas Utermann’s solution to the anti-vaxxer problem is based on the insurance market’s approach to pricing risk....
...“The fact of the matter is [that] this is far broader than just insurance brokerage,” Williams said, although he adds that insurance is likely to remain the company’s largest business line....
...of synergies from combining the companies....
...The company’s biggest business is in commercial lines insurance, where steep price rises have followed a wave of pandemic-related claims....
...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....
...Hartford Financial Services Group on Tuesday rejected a $65-a-share offer from Chubb, saying it “would not be in the best interests of the company”....
...Perhaps insurance companies would also buy them as a hedge. Annuities from insurers are considered poor value for money now because rates are so low....
...Ingenuity had reached Mars attached to the underside of the Perseverance rover, which had left Earth on an Atlas V rocket in July 2020....
...(FT) Europe’s fastest growing companies The FT also publishes today its annual ranking of Europe’s fastest growing companies, including a new leader with a focus on renewable energy....
...The letter from two of the most influential liberal lawmakers in Congress with oversight over Wall Street comes as the Fed, the Federal Deposit Insurance Corporation and the Office of the Comptroller of...
...In the news Apollo to merge with Athene Apollo Global Management is to merge with Athene Holding, the life insurance company it created at the height of the financial crisis, transforming the alternative...
...Japanese insurer Tokio Marine has said the insurance policies at the heart of the Greensill Capital collapse may not have been valid, as investors pressed the company to detail its exposure to the lender...
...Voters in the Midwest are rallying around their president, writes Patti Waldmeir....
...If you missed it, this long read by our media correspondent Anna Nicolaou charts the drama of The People v Harvey Weinstein trial....
...(FT) Business shuns Prince Andrew The Duke of York is losing corporate support for his charitable work, with companies including KPMG and insurance company Aon distancing themselves from the Queen’s second...
International Edition