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...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...Shares in Travelers, one of the biggest US insurers, rose 7 per cent in early trading on Wall Street after it posted fourth-quarter net profits of $1.6bn, doubling from the same period the previous year...
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Analysts at Bank of America said the deal should not worsen the outlook for capital returns at Aviva....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...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for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Farmers Insurance, one of the biggest property and casualty providers in the US, found itself under attack this year for political “wokeness”....
...Europe’s second-biggest insurer, which cemented its focus on property and casualty insurance with the $15.3bn acquisition of XL in 2018, said it would prioritise dividend growth and annual share buybacks...
...The finance chief of Italy’s biggest insurer has expressed concerns about potentially conflicting interests when life insurance companies are owned by private equity funds, as anxiety grows about the consequences...
...That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...The mechanics of the NAIC’s rule change (as described by Barclays, Bank of America, regulators, industry groups and various other sources) are . . . not especially simple....
...BROOKE MASTER: Turned out that insurance, at least in America, doesn't sit all that well with banking. This is not true globally....
...The analysts at Employ America have also highlighted auto insurance’s role in the recent gap between the CPI and the Fed’s favoured PCE indicator — and reckon that part of the gap could very possibly narrow...
...Instead, they said consumer spending remained strong, and much of the drop in lending came from large companies, which have used their excess cash, or better markets, to pay down debt....
...Instead, he said, they should focus on supporting the energy transition, by creating new types of insurance coverage that support key technologies and companies involved....
...The shares, along with those of peer Tryg, have long commanded a sizeable premium over the broader European insurance sector....
...Galicia will acquire the entire HSBC Argentina business, including banking, asset management and insurance, HSBC said....
...In privatised America, it’s starting to seem like utilities and insurance costs are the way everyone pays to fix yesterday’s mistakes....
...One marine insurance expert said the liability insurance payout, including bridge damage, could rival the approximately $1.5bn paid after the crash of the Costa Concordia cruise ship in 2012, a record....
...Methodology The FT Americas’ Fastest-Growing Companies 2024 is a list of the 500 companies in the Americas that have the highest growth in publicly disclosed revenues between 2019 and 2022....
...from state-owned insurance companies....
...Separately, Bank of America has named Simon Ives as chair of Emea corporate and investment banking. He was previously chair of Emea healthcare investment banking....
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