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...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...by the end of the year, provided a riposte to “naysayers” who said the company was “going to burn through [its cash] and go out of business”....
...“If there’s a spill, voters will demand to know why their governments didn’t do more.”...
...a token title....
...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...In March, the boss of Admiral said the sector was in a “different situation” and that the FTSE 100 company had even put through a “small price decrease” recently to win business....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...“I wouldn’t call it top of the cycle, it is now where it needs to be for the next four or five years [to satisfy investors],” he added....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Built for comfort, not speed is a good slogan for annuities — an insurance product offering retirees steady, long-term income....
...But in a statement early on Thursday, the company expressed regret over the tragedy....
...Don’t be put off by the title: this is not another book about climate anxiety....
...Mitsui Sumitomo Insurance also recently announced expansion plans for its Lloyd’s insurer. But there is a fragility to this recent success....
...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....
...Still, I don’t see the title inflation problem disappearing soon....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...“I don’t think I’ll ever lose money,” Ratcliffe said when asked about the valuation. “I don’t believe it’s going to devalue. I don’t believe I’ve been financially stupid.”...
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
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