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...tycoon René Benko and his co-shareholders....
...Probitas, which provides commercial insurance including professional liability and property catastrophe cover, will keep its management team and brand....
...Its property and casualty insurance division weakened, posting an overall underwriting loss reflecting worse conditions for areas such as credit insurance, but its major life and health insurance division...
...Although people have been creating new methods to “analyse and crunch numbers for decades”, said Amrit Santhirasenan, chief executive and co-founder of insurance start-up hyperexponential, “Excel has been...
...Europe’s second-biggest insurer, which cemented its focus on property and casualty insurance with the $15.3bn acquisition of XL in 2018, said it would prioritise dividend growth and annual share buybacks...
...KaDeWe, Germany’s most famous and exclusive department store, filed for administration on Monday, becoming the latest casualty of René Benko’s crumbling property empire....
...part of a property slowdown in China that began with the 2021 default of China Evergrande and which shows few signs of abating....
...Property and casualty insurers may comfort themselves that their exposure to climate risk is limited by annual contracts — an industry standard that enables them to reprice, limit or completely withdraw...
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...Property casualty reinsurance is not cyclical, so it’s not a bet on a confusing economy; pricing and contract terms in reinsurance in particular are better and tighter now than they have been in years; and...
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...Including mortgage payments, mortgage insurance and property taxes, he pays $3,500 per month more today than what he spent on rent at the family’s last home....
...Overall, the group posted a €5.1bn operating profit for the period, up 17 per cent on the same period last year, with profitability improving at its property and casualty division despite losses from European...
...While all workers will benefit from the 2p cut to national insurance contributions, many will be poorer overall because of the continued freezing of the personal tax thresholds....
...The 62-year-old Australian, whose audacious poaching of more than 20 senior executives from asset manager Barings last month has already sparked litigation, spent 20 years running a property business that...
...Six residential property and casualty insurers became insolvent in 2022, according to the state....
...Job moves UBS has named Gregor Feige and Brad Miller as co-heads of the bank’s US equity capital markets group. Santiago Gilfond has been named vice-chairman of the division....
...’s property sector crisis....
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...Hunter Point Capital, the alternative investment shop co-founded by Bennett Goodman, has hired Phillip Titolo as its head of insurance solutions. Titolo previously worked at MassMutual....
...That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...Scholz and Xi had agreed to co-ordinate preparations for a high-level conference in Switzerland to discuss a peace framework proposed by Ukraine, Scholz said....
...An early casualty of Covid — he and his wife, the critic and curator Lea Vergine, died a day apart in 2020 — he donated his archive to the city of Milan, on condition that it remained closed for 40 years...
...This means that 5.5mn households on universal credit will gain £470 on average in 2024 and 2025....
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