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...Are hailstones getting bigger, one equity analyst recently asked an executive at Travelers....
...In the chart, Commercial Union is listed as still in the FTSE 100, but General Accident is listed as acquired.— Royal Insurance and Sun Alliance & London Insurance merged, forming the company that would...
...Most agree that an insurance sector that took in about $12bn in premiums last year, according to figures from S&P Global Ratings, is by no means large enough to cover a systemic cyber attack....
...Deposit insurance had killed the retail run — but was no match for the growth of institutional cash pools ahead of the Global Financial Crisis (GFC)....
...Travellers, meanwhile, was an insurance company that also had an investment banking arm. SMITH BARNEY: Smith Barney. They make money the old fashioned way....
...Companies that directly benefit from low rates have done well. This includes the homebuilders (up 40 per cent or so) and commercial real estate plays such as Boston Properties and Simon Property Group....
...New year, same old CRE On the list of 2023’s overwrought market fears, commercial real estate ranked high. Shortly after Silicon Valley Bank failed, some envisioned a doom loop....
...Rating agency S&P Global cited these as a reason for downgrading five regional banks earlier this summer....
...Two examples from this month: [February 28:] Four major Japanese non-life insurance companies will sell their entire cross-shareholdings worth about ¥6.5tn (about $43bn) over the next few years, following...
...Unemployment insurance claims are low. The four-week average of initial claims is below where it spent most of 2023, and on par with 2019 levels....
...In the US S&P 500, three out of the 10 companies targeted by climate-related shareholder proposals for the 2023 AGM season have been insurers....
...Zim, the New-York listed Israeli cargo shipping company, said last week that it was rerouting some of its vessels and warned customers of longer transit times....
...EG did not disclose how much interest it is charging the brothers’ companies. It only said it was “comparable to the average commercial rate of interest”....
...A theoretical question: if it became clear tomorrow that cheap, clean, abundant fusion power would be available at commercial scale in a decade, and that no company or nation would have a monopoly on that...
...So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...The third thing is that annuity sales have gone up for life insurance companies. Remember that when rates go up, annuities pay a higher return....
...Even credit card companies are jumping in, with American Express offering $250 to new current account customers....
...There’s a lot of German insurance companies on there. And there are also quite a lot of individuals who lend money to René Benko....
...Frank Gill, sovereign specialist for Europe, Middle East and Africa at S&P Global Ratings, said he expected European countries to step up their issuance of bonds targeted at retail investors....
...Construction companies in the UK went out of business at the highest rate in a decade last year, according to the Department for Business, Energy and Industrial Strategy, with a total of 4,039 registered...
...And around 10 per cent of CRE loans are held by insurance companies....
...and research at S&P Global Ratings....
...Here is a map of today’s 11 FHLB districts: At its founding, the system’s eligible members were savings and loan institutions (S&Ls) and life insurance companies (which, in the 1930s, originated a significant...
...Because they were both self-employed — Lacey is a commercial insurance broker, Gary owns a small tech company — they would need to show the bank that, in addition to the 10 per cent deposit, plus all the...
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