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...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...
...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...between a traditional insurer and a private capital group....
...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....
...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...
...The cache of shipping files, seen by the Financial Times and the Danish media group Danwatch, reveals a number of Russian vessels travelling from the Baltic are relying on insurance that can be easily voided...
...The price rises have sparked concern among insurance buyers and consumer groups....
...Meanwhile, the entity in question — Change Healthcare — is restoring its systems, after reportedly paying a $22mn ransom to the BlackCat hacker group. But investors should pay close attention....
...The chief executive of FTSE 100 group Admiral, one of the biggest UK car insurers, said its motor insurance prices had peaked, signalling the end of a surge in premiums across the industry that sent the...
...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 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...
...cent to the UK group’s closing price on Tuesday....
...Private capital firms have swept into the life insurance sector since the financial crisis, buying insurers and scooping up books of capital-intensive business that traditional insurance groups have been...
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...The FTSE 100 group reported record pre-tax profits of $1.25bn last year and announced a $325mn share buyback....
...Wood’s stock languishes around 142p — a painful 41 per cent below the final takeover price offered by Apollo a year ago before the private equity group got cold feet....
...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
...Total returns for the group’s shares have underperformed the Stoxx 600 insurance sector by a third over the past three years....
...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...
...The FTSE 250 company, which runs 39 hospitals as well as clinics and medical centres, said it was also benefiting from a strong rebound in corporate private medical insurance as more employers take out policies...
...Best known for arranging large corporate buyouts, Apollo’s business grew quickest in its rapidly expanding insurance operations, which drew the majority of the $32bn in new capital the group raised in the...
...Some policies may include your children but have a condition that they are in full-time education and travelling with you as part of your group trip....
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...If the deal to combine Humana and Cigna went through it would still be smaller than the largest player, UnitedHealth Group, which has a market value close to $500bn....
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