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...MS Amlin, one of the biggest Lloyd’s of London insurers, plans to expand in areas such as marine cover and liability insurance after spending three years repairing its underwriting profit margins....
...The head of Tokio Marine has said the Japanese insurance company “cannot run away from” natural catastrophe risk despite deepening concerns among investors and policymakers over rising industry losses linked...
...Lemonade, whose shares have fallen more than 70 per cent since its first day of trading in New York in 2020, provides a range of insurance including for homes, pets and cars to customers in the US and Europe...
...In late April 2019, just days after Japanese insurance group Tokio Marine announced it had acquired BCC, Lex Greensill requested that Brereton confirm the arrangement in a letter to be shared with BaFin,...
...The car, home and business insurer, whose results often set the tone for the insurance earnings season, managed an improved combined ratio — claims and expenses as a proportion of premiums — of 85.8 per...
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...The costs of core insurance products, such as home and motor insurance, have come under increased scrutiny amid a cost-of-living squeeze on UK households....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...Rising premiums have lifted the fortunes of insurance brokers, who take home a proportion of the premium as commission....
...In the filing, IAG also claims that Marsh, the world’s biggest insurance broker and the company that placed Greensill’s cover with insurers, “ought reasonably to have known” that the wording of a key 2019...
...and workplace insurance products such as pensions....
...But public car insurance would be even harder to design than flood-zone home insurance: how would any government limit the number it covered?...
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
...The marine insurance market has also seen a sharp rise in the cost of travelling through the Red Sea and Suez Canal as a result of a wave of attacks by Iran-backed Houthi rebels....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...into bank parent companies....
...A tracker provided by the Association of British Insurers, a trade body, said the average annual home insurance policy — covering building and contents — in the second quarter was £329, up 10 per cent on...
...But in the US, for whatever reason, insurance and banking do not grow together very well....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Insurance companies have pushed up the costs of protecting homes, cars and valued possessions from loss and damage....
...Property catastrophe reinsurance, which insurers buy to share extreme weather-related losses claimed by homes and businesses they insure, has surged in price over the past 18 months, supporting a recovery...
...Industry and consumer rights experts say this has driven many home-movers to lower-priced, less reputable services and put them at risk of removal scams....
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...Not the bit about GA being a home-run investment, which is true to date; the bit about selling PE funds to insurance clients....
...Barclays operates a partnership model in the US market, running co-branded credit cards for 20 companies including The Gap, JetBlue Airways and the AARP....
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