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...The growth in casualty insurance is intended to provide a “better balance” to its catastrophe-exposed property policies....
...Probitas, which provides commercial insurance including professional liability and property catastrophe cover, will keep its management team and brand....
...The ship’s lead liability insurer, Britannia P&I, said on Thursday it was “working closely with the vessel’s owner and manager and the relevant US authorities as part of the investigation into the casualty...
...Europe’s second-biggest insurer, which cemented its focus on property and casualty insurance with the $15.3bn acquisition of XL in 2018, said it would prioritise dividend growth and annual share buybacks...
...Six residential property and casualty insurers became insolvent in 2022, according to the state....
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...Overall, the group posted a €5.1bn operating profit for the period, up 17 per cent on the same period last year, with profitability improving at its property and casualty division despite losses from European...
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...It is 28 per cent owned by the Shenzhen Metro, occupying a middle ground between a private and state-owned company....
...Property and casualty insurers may comfort themselves that their exposure to climate risk is limited by annual contracts — an industry standard that enables them to reprice, limit or completely withdraw...
...He was a pioneer in corporate governance thinking and authored several books and articles on the role of directors and chief executives....
...That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...Privately controlled shell companies linked to the Laura Foundation invested in developments alongside other Signa entities, and Signa Holding funded personal properties used by the tycoon and his private...
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...Claims could span property and cargo damage, third-party liabilities and business interruption, said Mathilde Jakobsen, senior director at AM Best, an insurer rating agency, and would “add to the increasing...
...On Wednesday, insurance brokerage Aon struck a deal to acquire NFP, a private equity-backed midsized property and casualty broker, for $13.4bn....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...And Berkshire made a big bet in underwriting property and casualty policies in Florida, betting on a tame hurricane season. That wager has largely paid off....
...In it, people comment that there ought to be less property speculation and more concern for citizens....
...Instead, as with many others, she and her British husband opted to buy in her hometown: the city of Shangrao in the southern province of Jiangxi....
...Yuan Lixia, a 45-year-old migrant worker in the southern Hunan province, decided this year to withdraw from the main health insurance policy, which covered less than 40 per cent of a Rmb20,000 ($2,800) back...
...Peter Manley will specialise on insurance, and was previously at Talcott and JPMorgan. Mark Karasik will focus on asset and wealth managers, and comes from Moelis, DD is first to report....
...The US property and casualty (P&C) industry recorded a $26.5bn net underwriting loss in 2022, says rating agency AM Best....
...“I consider that it is appropriate for the court to make a winding up order against the company, and I so order,” she said....
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