Hints and tips:
...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...
...Apollo has a record in the property & casualty insurance industry....
...Data have become the most valuable commodity in the world and, as such, companies of every stripe have joined the big tech groups in collecting it....
...It will complete our exit from the run-off life and annuity businesses and strengthen our focus on growing our market-leading property and casualty, group benefits and mutual funds businesses....
...Bank of America Merrill Lynch advised Atlas Merchant. The disposal leaves The Hartford, whose history stretches back to 1810, focused on property casualty insurance and employee benefits....
...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....
...Chubb will give Ace a bigger footprint in the US, where it is a leading middle-market underwriter for commercial property and casualty insurance....
...Hartford Financial, a smaller rival, jumped more than 6 per cent to a fresh seven-year high of $44.19 and Travelers Companies rose 2.73 per cent to $99.30....
...Global and African business travelers demand two- and three-star hotels as well as top-tier properties....
...Mr Weill, 80, oversaw the 1998 merger of Citicorp with Travelers Group, the insurer he chaired, creating Citigroup as a prototype for US banks’ evolution into broad financial supermarkets....
...The big US property casualty insurers have already raised prices by more than 15 per cent since 2011, according to research group Bernstein....
...US property catastrophe insurance prices are up 7 per cent this year according to insurance advisory group Guy Carpenter....
...Since markets reopened, shares in top US property and casualty insurers have lost only 0.2 per cent more than the benchmark S&P 500 index....
...But even before its disastrous turn with derivatives, AIG was known for aggressive pricing on premiums in its property and casualty business, focusing on top-line growth rather than profitability....
...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....
...And so this bank holding company act is protecting the banking system....
...Citigroup was formed in 1998 from the merger of Travelers Group and Citicorp. In 2002, Citigroup gave up control of Travelers Property Casualty through a share listing and subsequent spin-off....
...“Even though people are paying less, their expectation of luxury doesn’t change,” says Simon Cooper, president and chief executive of the Ritz-Carlton hotel group, which has a global portfolio of 72 properties...
...Centro also has debt facilities of US$1.3bn associated with Super LLC, a joint venture with Centro Retail Trust, a related listed property group....
...Chris Flowers, one of America’s best-known investors, put €1.1bn into HRE last year; now he nurses a paper loss of more than €1bn....
...That restriction, says V....
...The Tribune Company on Monday became the largest casualty of the crisis in US newspapers, filing for bankruptcy protection in a blow to Sam Zell, whose $8.2bn leveraged buy-out closed only a year ago....
...The notable casualties of the cull include no less a figure than Hans Tietmeyer – a renowned president of the almighty Bundesbank in pre-ECB days....
...In a note to clients, Bank of America analyst Alain Karaoglan said the deal “confirms our thesis that many areas of the [property and casualty] sector remain undervalued and attractive, as fundamentals and...
...Mr Greenberg and Edward Matthews, president of C.V....
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