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...MS Amlin is targeting growth in areas such as marine insurance, one of its specialities....
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...The head of Tokio Marine has said the Japanese insurance company “cannot run away from” natural catastrophe risk despite deepening concerns among investors and policymakers over rising industry losses linked...
...Lemonade, whose shares have fallen more than 70 per cent since its first day of trading in New York in 2020, provides a range of insurance including for homes, pets and cars to customers in the US and Europe...
...The car, home and business insurer, whose results often set the tone for the insurance earnings season, managed an improved combined ratio — claims and expenses as a proportion of premiums — of 85.8 per...
...Floods in Italy, Germany and elsewhere last year led to further rises in the price of insuring homes and businesses against severe weather....
...The lack of affordable property insurance has even driven some to move home....
...Lloyd’s boss John Neal told the Financial Times that the incident had the potential to produce the largest marine insurance claim in history, topping the crash of the cruise ship Costa Concordia in 2012,...
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...The work-from-home trend made for a listless atmosphere at its City headquarters. Now numbers are back to nearly four-fifths of pre-pandemic levels, Tuesdays and Thursdays....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...This was offset by a positive contribution from other business lines, such as home insurance and motor rescue....
...The costs of core insurance products, such as home and motor insurance, have come under increased scrutiny amid a cost-of-living squeeze on UK households....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...But development in the US’s most densely populated state is heavily concentrated near shores and rivers, putting homes and businesses at risk. That risk is not being factored in to insurance premiums....
...Rising premiums have lifted the fortunes of insurance brokers, who take home a proportion of the premium as commission....
...In the filing, IAG also claims that Marsh, the world’s biggest insurance broker and the company that placed Greensill’s cover with insurers, “ought reasonably to have known” that the wording of a key 2019...
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...But public car insurance would be even harder to design than flood-zone home insurance: how would any government limit the number it covered?...
...and workplace insurance products such as pensions....
...adequate insurance and would not be covered in the event of a spill....
...Most came in the US and much of that was down to hailstone damage to rooftops and solar panels. The result is that home insurance costs are rising fast, up by a fifth in the US on average last year....
...The marine insurance market has also seen a sharp rise in the cost of travelling through the Red Sea and Suez Canal as a result of a wave of attacks by Iran-backed Houthi rebels....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
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