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...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Its underwriting profit reached £5.9bn, up from £2.6bn....
...Court documents show the Switzerland-based company brought a lawsuit last month claiming that insurers “failed to pay” for damage done by underwater explosions that mangled and deformed the Nord Stream 1...
...Insurance companies have lifted prices drastically in the past couple of years after spiralling inflation in their claims costs — as items such as car parts and second-hand cars became much more expensive...
...Port Talbot is the UK’s biggest emitter of carbon dioxide; the revamp will reduce total UK emissions by 1.5 per cent. The government is contributing £500mn towards the £1.25bn investment....
...Revenues from the NHS grew 15.5 per cent last year and PMI by 14.3 per cent. This helped lift operating profits by almost a third to £126.2mn on overall revenues that grew 13.4 per cent to £1.36bn....
...Premiums from its general insurance division, which includes car insurance, also grew....
...Direct Line’s shares were 1 per cent higher in early trading....
...The area of private medical insurance that has seen the strongest growth has been in the number of people taking out personal cover, according to a survey by Statista Consumer Insights, a research company...
...Maintenance costs (+1 pc) grew faster than repairs and body work (+0.5 pc and +0.7pc) for the month. As for the insurers themselves, it looks like profit pressures are lifting....
...A new €1.5bn fund, its first targeted specifically at financial services companies, would capitalise on Cinven’s “proven track record” investing in the sector, said Caspar Berendsen, a senior dealmaker at...
...which cost about $1.5bn....
...The cost is as yet unknown. The insurance sector is expecting a hefty bill....
...UK motorists are being quoted a new record sum of almost £1,000 for the average annual insurance policy, after a dramatic acceleration in prices that has prompted concerns over extra pressures on household...
...According to figures published by the forum in November, the UK needs to invest more than £1.3tn to meet its energy, transport and housing infrastructure needs by 2030, and is £615bn short....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...L&G posted an operating profit of £1.7bn, broadly flat on the previous year but below analysts’ consensus estimates....
...Car owners have been squeezed by a surge in insurance prices since their pandemic lows, as companies try to reflect a surge in claims costs....
...Its shares were up 2.5 per cent in morning trading....
...Non-store retailing, which includes online, contracted 1.5 per cent in March, while sales in department stores were down 3.8 per cent....
...One unknown is how far back compensation should go. The FOS jurisdiction over investigations like this only extends from 2007, which would mean a maximum period of 2007-2020....
...It defaulted on a $1.2bn term loan, which pushed it into a legal battle with creditors. Its auditor, Deloitte, resigned as the company’s losses nearly doubled from a year prior....
...Cigna shares fell 8.1 per cent while those of Humana dropped 5.5 per cent. The Wall Street Journal first reported the discussions on Wednesday....
...An insurance company “needs to have the longer-term alignment”, Borean said, adding that each situation needs to be viewed on a “case-by-case basis”....
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