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...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...For JAB, the insurance push is the latest evolution of an investment holding company set up by German executive Peter Harf who has shepherded the fortune of the intensely private Reimann family since 1980...
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...The chief executive of Aon, one of the world’s largest insurance brokers, has called for better modelling of climate risks, saying conditions in the property insurance market were “stressed” after a surge...
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Names were the historical basis of the Lloyd’s market, but also at the centre of one of its biggest controversies....
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Savings products contribute the majority of sales in Hong Kong, the company said on Wednesday....
...Insurance group Prudential’s new business profit rose by about 45 per cent to $3.1bn last year, as its core business in Hong Kong continued to recover from the impact of coronavirus restrictions....
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...The pivot will certainly be a challenge. Although JAB has some exposure to the insurance business already — namely, through a stable of pet insurance companies — it’s limited....
...Four years since Covid-19 lockdown curbs forced Burger & Lobster to close its restaurants, the purveyor of gourmet patties and crustacean rolls is still battling with its insurance company to recover some...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...On the regulatory side, the forum said it was considering what it called a “sandbox” idea, where the industry and its regulator, the Bank of England’s Prudential Regulation Authority, could “discuss and...
...I would hope that the US Department of Justice, Federal Trade Commission or Consumer Financial Protection Bureau might consider looking into how major insurance companies communicate on pricing and coverage...
...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...
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...Continental European commercial property insurance prices rose at the start of the year for the 22nd consecutive quarter, according to an index from broker Marsh....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...“Ajit is the person that is by far the most trusted . . . He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...Insurance companies have lifted prices drastically in the past couple of years after spiralling inflation in their claims costs — as items such as car parts and second-hand cars became much more expensive...
...Anil Wadhwani, the new chief executive of Prudential, has promised to “do things differently”. He also says the UK-listed insurer will focus on Asia and on paying dividends....
...“The dividend is back [above] 51 cents, plus the Canada payment, so the insurance fund is now receiving the kind of money it identified in the first place when it bought,” said a person close to Ping An....
...the company in as many years....
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