Hints and tips:
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...Amsterdam is seen by many locals as one of the world’s casualties of overtourism, leading to the council’s ban on holiday lets in the city centre, the closure of some of its cannabis coffee shops and mooted...
...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...
...Property and casualty cover is seen as a far more natural home....
...property markets....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...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...
...The Dow Jones Industrial Average ended the day flat at 21,808, thanks in part to a 2.5 per cent decline for property and casualty insurer Travelers — one of several insurers that took a leg lower as investors...
...and casualty market have produced an unknown — but potentially huge — vulnerability....
...Mr Greenberg created the Chubb of today when in 2015 he struck the biggest deal in property and casualty insurance history. He was CEO of Ace, the Zurich-based insurer he joined in 2001....
...Travelers, one of the biggest property and casualty insurers in the US, in March paid £400m for Simply Business, a UK-based small business insurer that had been sold for £120m just a year earlier....
...Both companies provide property and casualty cover in the state, writes Alistair Gray in New York....
...Chubb, as it will be known, will become the fourth largest public property and casualty insurer globally as measured by operating income behind AIG, Allianz and Axa....
...The move by Ace also comes as some analysts have advised investors to move out of property and casualty insurers, which historically have underperformed when the Federal Reserve starts raising interest rates...
...By nightfall, there were 50,000 casualties — and Napoleon was finished. But Wellington — not such a bad general that day — was in no mood to gloat....
...Fascinatingly, the V&A showed us a far earlier image of this very same garden, painted in 1551 in pen and ink on eight pages of an album....
...In property casualty insurance, periods of rising and falling premium rates, and therefore ups and downs in earnings and stock prices, come and go. In recent years, rates have been increasing....
...Large property casualty insurers, such as Travelers, Chubb, Ace and American International Group, posted strong first-quarter results, beating analysts’ expectations....
...Last month’s purchase by Travelers of Canadian insurer Dominion at 1.5 times tangible net asset value also demonstrated the worth of having a foothold in Canada’s property and casualty insurance sector,...
...Sandy-related losses will dent earnings this year – Morgan Stanley has cut fourth-quarter earnings per share estimates for the property and casualty sector by 26 per cent – but are not likely to damage materially...
...Since markets reopened, shares in top US property and casualty insurers have lost only 0.2 per cent more than the benchmark S&P 500 index....
...But even before its disastrous turn with derivatives, AIG was known for aggressive pricing on premiums in its property and casualty business, focusing on top-line growth rather than profitability....
...Spinning off the Travelers property and casualty business was not the move of a sentimentalist....
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