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Showing results for UA Properties LLC v. Travelers Casualty Insurance Company of America
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Mr Shields, the KBW analyst, says that historically a rise in the share of Democratic appointees to judges on the US appeals courts leads to an increase in the reserves of held by property and casualty insurers...
...Apollo has a record in the property & casualty insurance industry....
...Bank of America Merrill Lynch advised Atlas Merchant. The disposal leaves The Hartford, whose history stretches back to 1810, focused on property casualty insurance and employee benefits....
...Ex-Barclays chief Bob Diamond’s private equity group has signed its biggest ever deal, buying a $100bn book of US life insurance business....
...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...
...Chinese insuretech provider ZhongAn Online Property and Casualty Insurance jumped as much as 18.1 per cent on its Hong Kong debut....
...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....
...Both companies provide property and casualty cover in the state, writes Alistair Gray in New York....
...Chubb will give Ace a bigger footprint in the US, where it is a leading middle-market underwriter for commercial property and casualty insurance....
...Hartford Financial, a smaller rival, jumped more than 6 per cent to a fresh seven-year high of $44.19 and Travelers Companies rose 2.73 per cent to $99.30....
...At the end of 2013, Hamilton Insurance had a capitalisation of $800m....
...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....
...US property catastrophe insurance prices are up 7 per cent this year according to insurance advisory group Guy Carpenter....
...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....
...At $35, AIG’s shares still trade at about half the company’s book value while more profitable rivals in the insurance industry, such as Chubb, Travelers and ACE Limited, trade in line with or above book...
...Over the last year, we understand that a number of AIG’s 100,000+ employees have left A.I.G. to join the company’s direct competitors in the global property and casualty and life insurance businesses....
...So if you don’t need money; if you own an office building and you have no debt and you want to borrow 40 per cent of today’s value there’s some insurance companies that will make that capital available....
...Citigroup was formed in 1998 from the merger of Travelers Group and Citicorp. In 2002, Citigroup gave up control of Travelers Property Casualty through a share listing and subsequent spin-off....
...By December 2001, Mr Weill even turned his back on a big part of his legacy, moving to spin off Citigroup’s Travelers property and casualty insurance arm – which had given Mr Weill his corporate name and...
...Centro owes A$3bn to eight domestic banks, US$1.5bn to five US banks, and another US$450m to 10 insurance companies....
...In a note to clients, Bank of America analyst Alain Karaoglan said the deal “confirms our thesis that many areas of the [property and casualty] sector remain undervalued and attractive, as fundamentals and...
...It is the largest insurance industry deal since St. Paul merged with Travelers in a $16bn deal in 2003....
...But it will not be big enough to reverse the cyclical downturn in overall property and casualty pricing, analysts said....
...Chubb, the property and casualty insurer, rose 1.1 per cent to $76.63, while shares in the St Paul Travelers Companies, another property and casualty group, rose 1.4 per cent to $37.33....
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