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...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...The government push extends to reforming so-called Solvency II rules, adopted while Britain was in the EU, to allow insurance companies to invest billions of pounds more in infrastructure....
...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....
...One thing to start: Monday marked the S&P 500’s worst day of trading since May as the liquidity crisis at the Chinese property developer Evergrande rocked global financial markets....
...“The top four property & casualty [insurance] carriers in the US were established in and around the great depression and their product offering hasn’t changed a whole lot since then.”...
...Property and casualty cover is seen as a far more natural home....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...Investing in a second property could provide a rental income, but the cost of living in Dubai is high and pensioners would need private health insurance....
...Should the hotel group, in which Kwek’s City Developments Limited owns a 65 per cent stake, be valued as a hotel group or a property company with intriguing prospects....
...The property & casualty insurance industry has too much capital, and not enough to do with it....
...The city is also sufficiently far away from London for companies not to lose too many key staff to the UK capital, as Mr Stevens at Admiral notes....
...All companies provide property and casualty cover in the state....
...Around three-quarters of that is property damage, most of it privately owned, and the rest is lost economic activity....
...Instead it would be focused on administrating the life cover that it has already written, serving corporate clients, property-casualty insurance and operating overseas....
...This will remove over £1bn from the cost of providing motor insurance. We expect the industry to pass on this saving, so motorists see an average saving of £40-50 per year off their insurance bills....
...Over the last year, we understand that a number of AIG’s 100,000+ employees have left A.I.G. to join the company’s direct competitors in the global property and casualty and life insurance businesses....
...For more than two decades, Hiscox, a syndicate of Lloyd’s of London, has been offering its own form of insurance, which technically falls under “property and casualty”, for artworks that may have a defective...
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