Hints and tips:
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Keese predicted that the market’s “reinsurance to close” mechanism at Lloyd’s — where underwriting books are effectively closed after three years and reinsured — would allow other areas of property & casualty...
...Penni Roll, chief financial officer of Ares Management’s credit group and Ares Capital Corporation, is stepping down and will remain on as a senior leader....
...On Wednesday, insurance brokerage Aon struck a deal to acquire NFP, a private equity-backed midsized property and casualty broker, for $13.4bn....
...Cambricon will not be able to use advanced intellectual property from UK chip designer Arm....
...However, the Federal Deposit Insurance Corporation estimated that losses to its insurance fund would be about $13bn....
...Signature’s sudden collapse was an early casualty of the turmoil now sweeping across the banking sector....
...The property and casualty insurer called If, part of Nordic group Sampo, began screening its corporate customers for ESG criteria in 2021....
...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....
...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....
...Scotland had a more robust banking system in the 19th century — unlike in 2008, when Britain’s two biggest casualties were Bank of Scotland and Royal Bank of Scotland....
...While life insurers want changes in the way Solvency II is applied in the UK, the other large chunk of the industry — property & casualty insurers — is keen to keep the status quo....
...In the June-July contract renewal season, the reinsurers have received double-digit price increases for covering a broad range of property and casualty risks....
...and casualty arm....
...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...
...A Nikkei article warned that the reserves held by Japan’s three leading property and casualty insurers — Tokio Marine Holdings, MS & AD Insurance Group Holdings, and Sompo Holdings — have likely shrunk by...
...Briefly The latest casualty of the Neil Woodford fallout is Hargreaves Lansdown’s CEO bonus....
...A casualty of their return has been the roses Tompkins cultivated in the garden of the lodge they built: “I’m fighting with them over that. I say, ‘You have 750,000 acres. Leave the roses alone!’...
...Boo.com In an industry where timing is everything, Boo.com, Britain’s first high-profile internet casualty, was arguably 10 years too early....
...In the past, it has teamed up with Wand to buy property & casualty insurance companies Icat and Aeolus. This is the pair’s first move into life insurance though....
...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...
...property and then operate on their own....
...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....
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