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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....
...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...
...Legal & General did £3.2bn of deals last year, Just Group £0.4bn in the same period and Pension Insurance Corporation a cumulative total of £2.5bn as at June last year, while Rothesay does not do any, according...
...The events, executives say, amount to the biggest challenge yet to private capital groups’ foray into the life insurance sector....
...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 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...
...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....
...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 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...
...The FTSE 100 group reported record pre-tax profits of $1.25bn last year and announced a $325mn share buyback....
...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...
...Victoria plc acquired the trade, inventory and debtors of Hanover Carpets (“HCP”) from a UK partnership on 26 January 2021, with one of the partners joining the group as managing director of HFL....
...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!...
...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...
...The victim — who denied in court that he was a drug dealer and member of the Top Enders gang — was left with life-threatening injuries after he was set on by a group of men who struck him with weapons including...
...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...
...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....
...and workplace insurance products such as pensions....
...The merger between Cigna and Humana would have helped the insurers compete with larger rivals including UnitedHealth Group, which generated $322bn in revenue last year....
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