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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Home insurance is becoming increasingly unaffordable in areas such as California and Australia, as global warming has made storms, floods and wildfires more frequent and severe....
...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...
...A string of big home insurers have halted new business in California, for example, in response to a surge in extreme weather losses....
...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 rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...“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....
...Who United Kingdom Sotheby’s International Realty House, Chelsea, £9mn Where On Cheyne Walk, which runs alongside the north bank of the Thames in Chelsea and is home to some of the capital’s most desirable...
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...“What we have here is the plot of the movie Footloose [about a ban on dancing in a small town] in real life in Seattle,” he says....
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
...Today we have a pretty house just outside DC: I don’t like overdosing on city life but Natali does, so we found a compromise in Maryland, where we plant herbs and saplings from American Plant in our garden...
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...The work-from-home trend made for a listless atmosphere at its City headquarters. Now numbers are back to nearly four-fifths of pre-pandemic levels, Tuesdays and Thursdays....
...Corporate results: China Life Insurance, Japan’s Hitachi, Indian software group HCL Technologies and Maruti Suzuki report quarterly results....
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...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....
...This was offset by a positive contribution from other business lines, such as home insurance and motor rescue....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...But development in the US’s most densely populated state is heavily concentrated near shores and rivers, putting homes and businesses at risk. That risk is not being factored in to insurance premiums....
...In the fourth quarter the borough’s median home price fell 3 per cent from a year earlier to $725,000, according to the Corcoran Group. For new developments, the number of sales dropped by nearly half....
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