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...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...It is continuing to provide cover to ships transiting the Red Sea, for which insurance rates have jumped as the Houthi rebel group has attacked commercial ships....
...In a lawsuit filed last week, Atlantic Coast Life Insurance and Sentinel Security Life Insurance, part of US insurance group A-Cap, asked a New Jersey court to stop AM Best from “issuing the rating it has...
...Its use of generative artificial intelligence was also growing, he said: about a fifth of all emails that come into the group — a trickier area to automate than in-app communications — are responded to by...
...The government is seeking the order against Yianis Holdings Ltd and two other companies in the group....
...Earlier this year, US insurance group A-Cap said it would attempt to take back control of assets ceded to 777 Re after the reinsurer had its credit rating downgraded, and US and Bermuda regulators have been...
...The London-listed insurance group said it had not yet set any reserves aside for the “emerging event” but it expected the net loss to be “moderate” due to its own risk-sharing arrangements....
...The price rises have sparked concern among insurance buyers and consumer groups....
...Its last significant deal came in 2022 with the $12bn acquisition of Alleghany, an insurance-to-manufacturing group....
...“Wildfires don’t just kill people,” says Adrita Bhattacharya-Craven, director for health and demography at the Geneva Association, a global group representing insurance sector CEOs....
...“More people are travelling in groups, seeking convenience, comfort and spaciousness.”...
...The events, executives say, amount to the biggest challenge yet to private capital groups’ foray into the life insurance sector....
...The group said its motor business had now “turned the corner” as it pushed up prices, adding that policies sold in the second half were estimated to achieve a net insurance margin — a new measure which calculates...
...Admiral posted group pre-tax profits of £443mn for 2023, up almost a quarter on rising car insurance premiums but below analysts’ expectations....
...The wrangling as to which group was more liable “can go on quietly and sensibly, and it will go on behind the scenes”, he said....
...The FTSE 100 group reported record pre-tax profits of $1.25bn last year and announced a $325mn share buyback....
...The private medical insurance sector is booming, with the number of people covered by health insurance hitting 5.8mn in 2022, according to the latest industry data — the highest level since 2008....
...Penny James stepped down as chief just over a year ago after the group scrapped its dividend following a period of rampant inflation in motor claims....
...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
...Howden said the progress of his group and others such as US-listed rival Gallagher had led to a broadening of competition in the highest reaches of insurance broking, almost three years after US regulators...
...and workplace insurance products such as pensions....
...A group of insurers led by Aviva, the holiday group’s lead underwriter, have told Butlin’s that because the damage fell within the category of a “storm” only up to £25mn of the damage would be covered, according...
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...Funabiki also praised UK regulators, which have come under criticism from lawmakers and lobby groups for being slow in approving new insurance securities, as “very knowledgeable and . . . always willing...
...Baroness Nicky Morgan, chair of the Investment Delivery Forum, which includes groups such as Aviva and Phoenix, said the next stage for insurers would be to start pilot investment projects with local and...
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