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...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...by the end of the year, provided a riposte to “naysayers” who said the company was “going to burn through [its cash] and go out of business”....
...The FT and Danwatch identified a number of dark fleet tankers that now use Ingosstrakh insurance when sailing through Danish waters and the English channel en route to India....
...H&F has invested in business services companies such as advertising agencies, advisory firms and insurance brokerages for decades....
...Andrea Filtri, co-head of research at Mediobanca, last week described the “Buch doctrine” as “a new philosophy of regulation, based on a greater emphasis on ‘unknown unknowns’.”...
...Rising insurance prices were “a reflection of the risks, and the risks are going up, and they are going up quickly. It’s a call for action”, Hielkema added....
...Analysts believe H&M faltered in the 2010s by focusing on sales growth — mostly through opening new stores — and neglecting profitability....
...In March, the boss of Admiral said the sector was in a “different situation” and that the FTSE 100 company had even put through a “small price decrease” recently to win business....
...Todd H Baker is a senior fellow at Richman Center for Business, Law and Public Policy at Columbia Business School and Columbia Law School Loan accounting in a bank should be straightforward, delivering...
...The record level of claims underscores the challenge that climate change poses to the industry and to homeowners through rising premiums....
...Admiral had even put through a “small price decrease” in the past few months as it sought to win more business....
...In recent years, the company has sought to diversify through acquisitions. It bought personal finance company Credit Karma for $8.1bn in 2020 and email marketing provider MailChimp for $12bn in 2021....
...Its interim boss last year said that the company had been guilty of “over-optimism” in not pushing through enough price rises. It has since raised premiums sharply, in line with peers....
...But in a statement early on Thursday, the company expressed regret over the tragedy....
...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 —...
...The company also claimed for about €3.7mn for a damage survey, plus other costs. Lloyd’s of London and Arch declined to comment....
...Often, travel insurance is included either as an extra benefit or service through your bank or credit card company as part of a package of services for which you pay a monthly or annual fee....
...Some other costs, such as rents and motor insurance, are still rising quickly....
...Buyout groups are betting they can grow these businesses through acquisitions and turn many into companies large enough to eventually be listed on public markets....
...They have also garnered the support of Republicans in the House, who called on the heads of the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency...
...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...
...“The company has thought it should add muscle for future expansion, for future growth,” he told analysts on a call....
...Confused.com, on whose platform the index of quotes is based, said it was a “bleak time for drivers and their car insurance”....
...The box is not infallible: for all it knows, I could be driving slowly on the wrong side of the road, or through a red light....
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