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...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...the private equity house, who co-led the strategy....
...Paxos Trust Co.’s issuance of U.S. dollar-backed stablecoins has been under the supervision of the New York State Department of Financial Services (NYDFS) since 2018....
...Sure, a CCC-rated PIK bond looks better than a defaulted bond in your portfolio. But, as S&P puts it when explaining why U.S....
...That compares against M3’s offer of ¥1,600 per share for up to a 55 per cent stake in Benefit One....
...We talked a little bit about these sorts of stocks last week, and we mentioned our first pick, Everest Group, then. Everest is a property casualty reinsurer and primary insurer based in Bermuda....
...The UK-owned cargo ship Unity Explorer and two other bulk carriers were struck and reported damage but no casualties....
...The slower expectations for the transition come as companies make U-turns on their climate pledges and governments double down on fossil fuels amid energy security concerns....
...Co. Smith & Nephew Associated Co’s. Standard Chartered Bank Sun Alliance & London Insurance (RSA Insurance) Tesco Unilever Whitbread & Co....
...Further reading: — What’s going on with US car insurance? — Car insurance! Again! — The US insurance storm continues — Taking a CLOser look at insurers...
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...And Berkshire made a big bet in underwriting property and casualty policies in Florida, betting on a tame hurricane season. That wager has largely paid off....
...Having outperformed other financials last year, the S&P Property & Casualty Insurance index is down 7 per cent so far this year. That compares with the S&P 500’s 15 per cent gain....
...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....
...“There is a vast area of non-forest across Africa that is earmarked for restoration, principally through tree planting,” said Catherine Parr, a co-author of the paper and an ecologist at Liverpool, Pretoria...
...A few services categories look persistently hot, especially auto insurance....
...Vanke still has an investment-grade rating at S&P and Fitch, the latter of which downgraded it in October, citing weak sales....
...s=46&t=sHLp3DbiINVc5keG0SC8fQ There are other interesting details in the WSJ piece....
...Rose, who became the first woman to run a “big four” British lender in 2019, had also become the first high-profile business casualty of the UK’s increasingly divisive politics....
...But the U-turn is incomplete and went against decades of German diplomacy. If the US walked off the chessboard, it is not hard to imagine a German reverse Zeitenwende....
...There are of course other important announcements due this week, not least a steady flow of results, probably best described as a smorgasbord, from retailers and drugmakers to technology companies and insurance...
...Five long positions in five very different industries (property casualty insurance; discount retail; health insurance; aerospace and defence; travel)....
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