Hints and tips:
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Here’s Investec (sell) to summarise: [L]ockdowns are impacting consumption in North America (c. 30% of sales), Europe (c. 20% of sales), India (c. 10% of sales), Africa (12% of sales) and many countries...
...(WSJ) News round-up AT&T paid Trump lawyer for ’insights’ into his boss (FT) Zurich Insurance plays down M&A talk as first quarter premiums beat (Reuters) Japan’s Recruit Holdings to buy Glassdoor for...
...Mr Greenberg created the Chubb of today when in 2015 he struck the biggest deal in property and casualty insurance history. He was CEO of Ace, the Zurich-based insurer he joined in 2001....
...While it is not as big a market as North America, it is not a region that they are prepared to dismiss lightly....
...The company, part of Zurich North America, does not break out its own premium volume, but Mr Anderson says: “Our political risk business was up 8 per cent last year....
...V: How could I justify that to Swiss investors? You know what they’re like — moaning and groping blindly for yield. You saw what happened to Zurich Insurance. Horrible!...
...It will be based in Zurich, Switzerland, where Ace is incorporated. Mr Greenberg said the deal would have no material tax advantages....
...Chubb will give Ace a bigger footprint in the US, where it is a leading middle-market underwriter for commercial property and casualty insurance....
...Dealmaking in the reinsurance industry — which allows insurance companies to transfer the risks of hurricanes, earthquakes and other disasters — is heating up....
...Reinsurers allow insurance companies to transfer the risks of hurricanes, earthquakes and other disasters....
...Shares in Swiss Re were flat at SFr76.95 in morning trading in Zürich....
...Senior bankers say nearly every big non-life insurer in Europe, several in North America and local companies in the regions in which RSA operates will now be eyeing its disparate global operations....
...Shares in the company were up 1.4 per cent at SFr73.45 in afternoon trading in Zürich....
...Following the transaction, Generali will continue to be active in the United States in the property and casualty market through its New York branch....
...Shares in the company closed up 2.5 per cent at SFr75.65 on Thursday in Zurich....
...The dispute relates to losses Berkshire has endured in its deal to provide what Swiss Re described as retrocession –– in effect, reinsurance for reinsurance – to the Zurich-based company’s US life and health...
...Zurich Financial Services, one of the world’s biggest insurers by premiums, reported a solid second quarter, with rising net profits boosted by a big one-off gain....
...What is more, incoming capital rules for insurers in the European Union are widely expected not only to add to this mountain of inactive property and casualty insurance books, but also to increase the economic...
...Reinsurers such as Swiss Re which cater to primary insurance companies have to be particularly cautious in their risk profile....
...Although the festival has increased private funding, recently adding insurance group Zurich to its list of business sponsors, the financial chill is affecting income: the first three nights, traditionally...
...“The company expects recent large losses to increase risk awareness and create a stabilising influence on pricing”, it added....
...When Berkshire acquired a 3 per cent stake of Swiss Re in 2008, the insurer agreed to transfer a 20 per cent of its property and casualty unit to Mr Buffett’s holding company over five years....
...The combined ratio – an industry yardstick in property and casualty insurance measuring costs and claims as a proportion of premiums – improved to 84.5 per cent from 99.6 per cent year on year after benign...
...Greenberg has been quietly building up a family of insurance companies that could compete with A.I.G. To fill the ranks of his venture, C.V....
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