Hints and tips:
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Property is also back in the spotlight. In Europe, falling house prices are hurting. One of the casualties is Swedish property company SBB, which borrowed heavily during a local boom....
...In fact, it’s the opposite of that. However, I’m kind of long the insurance industry, specifically kind of property casualty insurance industry....
...Five long positions in five very different industries (property casualty insurance; discount retail; health insurance; aerospace and defence; travel)....
...The cost of short-term commercial property insurance in North America was up by almost 15 per cent, Greenberg said, double the speed of increases in claims costs....
...company....
...Alleghany, a property and casualty insurance and reinsurer, has long been described as a mini-Berkshire Hathaway....
...A recent survey of insurance investors by Bank of America found that almost 60 per cent said less predictable claim costs in property and casualty insurance were the major climate risk to the sector....
...MMC in May took legal action against rival NFP Property & Casualty Services in the US over the departure of 13 former JLT staff....
...Mr Shields, the KBW analyst, says that historically a rise in the share of Democratic appointees to judges on the US appeals courts leads to an increase in the reserves of held by property and casualty insurers...
...Bank of America has picked out a startling — and grim — new data point. US energy stocks are now underperforming the S&P 500 by the biggest margin since the bombing of Pearl Harbor in 1941....
...We believe Property & Casualty names are still attractively valued despite outperforming in 2019, but we downgrade three life insurers owing to less attractive risk-reward and higher regulatory headwinds...
...PartnerRe has hired Jonathan Colello to lead the reinsurer’s property and casualty business in the Americas. Colello was previously president of North America for Axis Re....
...The Dow Jones Industrial Average ended the day flat at 21,808, thanks in part to a 2.5 per cent decline for property and casualty insurer Travelers — one of several insurers that took a leg lower as investors...
...Progressive, Travelers and Loews arre among the companies where analysts have marked down forecasts....
...Chinese insuretech provider ZhongAn Online Property and Casualty Insurance jumped as much as 18.1 per cent on its Hong Kong debut....
...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....
...Several property and casualty insurance companies were forecast to swing to the red after Hurricanes Harvey, Irma and Maria made landfall and two earthquakes devastated parts of Mexico, a series of natural...
...Insurance stocks had been trending downwards for weeks as the start of the Atlantic hurricane season weighed on investors’ minds, and rating agency Moody’s warned that property and casualty insurers, as...
...“Historically, [property and casualty insurance] stocks tend to underperform immediately following major losses, but outperform subsequently as losses become certain and investors’ focus shifts to stabilising...
...ZhongAn Online Property & Casualty Insurance has priced its initial public offering at HK$59.70, raising $1.5bn, according to people familiar with the deal....
...more than a third of the 24 S&P 500 companies that are in surplus are in the financial sector, led by Bank of America and then JPMorgan....
...Both companies provide property and casualty cover in the state, writes Alistair Gray in New York....
...He added that while the market had anticipated restructuring costs, there were concerns about the growth prospects for Willis’s property and casualty insurance brokerage in North America....
...At the end of last year, bonds made up about 68 per cent of US property and casualty insurers’ total investments and 76 per cent of life insurers’, according to S&P Global Market Intelligence....
International Edition