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...He called for forward-looking analytic models that better understand the risk and so improve the supply of insurance....
...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...But one government official with direct knowledge of the matter said: “The Treasury is working towards a September fiscal event and will try to cut national insurance by another 2p. That’s the plan.”...
...MS Amlin, one of the biggest Lloyd’s of London insurers, plans to expand in areas such as marine cover and liability insurance after spending three years repairing its underwriting profit margins....
...A spokesperson said they wished to avoid the risk of “secondary sanctions and damaged reputation”....
...This further concentration of corporate power risks creating a seemingly impregnable intellectual capital and computing complex in AI....
...Why is the insurance industry so bad at pricing risk in a more precise way around the city, and indeed, much of the rest of the country?...
...According to filings with insurance regulators reviewed by the Financial Times, the unit ultimately bears much of the risk that individual Berkshire insurance subsidiaries take....
...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...
...But a less-followed risk is adding to unease at companies offering life and health insurance: scientists’ warnings, and research findings, that a warming climate is causing an increasing number of excess...
...Rising insurance prices were “a reflection of the risks, and the risks are going up, and they are going up quickly. It’s a call for action”, Hielkema added....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Lloyd’s benefited as a mixture of the Ukraine war, inflation and climate risks sparked a significant repricing of reinsurance contracts....
...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....
...The bright minds of the insurance industry are used to sizing up big global risks, from systemic cyber attacks to natural disasters....
...In the days after the disaster, the chief executive of the Lloyd’s of London insurance market called on the various insurers, including Chubb as the lead insurer for the bridge, to pay out quickly and then...
...These changes require a different operating model, he adds, with family offices looking more closely at geopolitical risk and how they manage information flows....
...Bilal Mirza, commercial litigation partner in the London office of law firm JMW Solicitors, says whenever you travel it is vital to have appropriate and adequate travel insurance....
...Encouraged by the Eurovita collapse, policymakers, regulators and some investors are now urging greater scrutiny of the special risks to insurers and their millions of policyholders created by this shift...
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...It will be part reinsurer, taking on $10bn to $15bn of long-dated insurance liabilities and investing a portion of the underlying funds in private credit and other alternative assets, and part investment...
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
...Lloyd’s chief executive John Neal, who is leading a push to encourage outside investors, last year predicted insurance spending would double in the next decade because of worries about risks such as climate...
...Hiscox: Shares in the specialist insurer fell 4 per cent after it said insurance contract written premiums in London contracted in the first quarter and warned of an elevated level of risk....
...According to the index, insurance costs were still up more than 80 per cent since the start of 2021....
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