Hints and tips:
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Our first pick, the property casualty reinsurer and primary insurer Everest Group, ticked all our boxes well: a cheap stock with a history of delivering growth, and with industry tailwinds to boot....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...Allstate’s 2Q underwriting results (as measured by its “combined ratio”) highlights what can happen when weather and economic conditions turn against property and casualty insurers....
...Cambricon will not be able to use advanced intellectual property from UK chip designer Arm....
...Signature’s sudden collapse was an early casualty of the turmoil now sweeping across the banking sector....
...On Monday, Berkshire announced it would buy the property and casualty insurer Alleghany Corporation for $11.6bn in cash. Buffett has known Alleghany for years....
...The other big casualty of the anaemic property market is the huge phalanx of local government financing vehicles — thousands of poorly regulated funds run by local authorities that Goldman Sachs last year...
...Economic data Economy watchers should gain further signs on the health of the US property market and the impact of rising mortgage rates on would-be home buyers....
...casualty....
...At breakfast, TV crews jostle for space with traumatised casualties of the war....
...RMS is one of the world’s most influential providers of analytics for reinsurers, and property and casualty insurance companies, and has been owned by DMGT since 1998....
...Casualty Insurance Association....
...Rob Francis, who runs healthcare underwriting at ProAssurance, a US property and casualty insurer, reels off a list of this year’s payouts, including $230m a Baltimore hospital was to ordered to pay in July...
Digital banking licences set to be issued to 6 companies including Tencent, Ant Financial and Xiaomi
...Mr Lampert has said he would be interested in buying chunks of Sears, notably its property assets, if his offer to buy the company as a going concern is unsuccessful....
...There’s a lot of insured property out there.” The updates from Travelers and Allstate could signal weakness across the sector as earnings season gets under way....
...But shares in Allstate fell 2.3 per cent on Monday, while Travelers, Chubb and AIG were all off more than 3 per cent....
Investment group joins with ZhongAn to expand online insurer’s technology arm
...Meanwhile, UK property owner IWG gave up on sales talks with Terra Firma, TDR Capital and Starwood on Monday....
...Kamran Hossain, analyst at RBC Capital Markets, said Swiss Re’s property and casualty insurance business had “got off to a strong start to the year” with profitability higher than expected and volumes up...
...Xcerra, the Massachusetts-based testing chip company, was the latest casualty, when it in February ditched its agreement to be acquired by a state-backed fund in the face of regulatory hurdles....
...He went on: “Changes in the market environment, such as adjusting property and casualty price levels and increases in interest rates, are expected to be beneficial for our business....
...One casualty could be the $44bn takeover of Dutch chip company NXP by Qualcomm, the US wireless chip design company, whose approval by Chinese regulators has been delayed....
...Shares of Travelers, one of the largest US property and casualty insurance companies, weighed on the broader Dow Jones Industrial Average with a drop of 3 per cent at the start of trading on Monday, after...
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