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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....
...The company says it still has “reinsurance relationships with some non-Russian entities”. The company is part owned by the Italian insurer Generali, but its stake has been “frozen” since the invasion....
...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...He also said the post-pandemic travel boom could be running out of steam....
...“Ajit is the person that is by far the most trusted . . . He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...The 1973-74 inflation and interest rate shock created more profound disintermediation from banks than the rise of private credit today, as investment grade companies switched to borrowing from the market...
...BYD is among the companies that transformed the Chinese market by making low-priced EVs with official backing, and are now expanding overseas....
...The company produced more than 1.7mn cars in fiscal 2022, accounting for about 4 per cent of Toyota group’s sales....
...The software tool from its old provider, Autonomy Introspect, first came to light in 2022 and contributed to the collapse of its prosecution against three former executives at security company G4S last year...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Last month, Chubb’s chief executive Evan Greenberg told analysts that the company’s “exposure is within what we would contemplate and there’s nothing outsize to us”....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Companies have claimed that the target was already forcing them to put up prices on their gas boilers by as much as £125 in anticipation of having to pay the fines....
...The agency in January said it was investigating Boeing’s manufacturing and quality inspection processes after the incident, while the US Department of Justice was looking into whether the company violated...
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
...selected for inspection....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Read up on those transactions in the piece, as well as one relatively opaque deal that hasn’t gotten any media attention at all: an $82bn dividend Berkshire’s biggest insurance unit paid the parent company...
...Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour. Yet last year’s performance was the best for 16 years....
...Insurance companies have lifted prices drastically in the past couple of years after spiralling inflation in their claims costs — as items such as car parts and second-hand cars became much more expensive...
...The area of private medical insurance that has seen the strongest growth has been in the number of people taking out personal cover, according to a survey by Statista Consumer Insights, a research company...
...Continental European commercial property insurance prices rose at the start of the year for the 22nd consecutive quarter, according to an index from broker Marsh....
...The steep rise in the cost of home insurance in the US and elsewhere can be traced, in part, to a move two years ago by P&C reinsurers to increase the price of cover against natural catastrophes and toughen...
...Bain & Company on Thursday....
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