Hints and tips:
...Hartford Financial Services, which writes far fewer home insurance policies, is down just 5 per cent. Some states limit insurers’ ability to raise premiums....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...In March, Root appointed a chief financial officer, Rob Bateman, whose CV includes stints at well-known insurance firms such as The Hartford. There are signs of improvement....
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...According to some estimates, total claims from the pandemic across the global insurance industry will top $100bn....
...In the news Apollo to merge with Athene Apollo Global Management is to merge with Athene Holding, the life insurance company it created at the height of the financial crisis, transforming the alternative...
...Damian Webb, a restructuring partner at the advisory firm RSM, said all casual dining and “grab and go” food operators were vulnerable....
...Its iptiQ unit helps other companies to develop insurance products....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...Aspen rejected a bid from rival Endurance in 2014, which valued the company at $3.2bn. Apollo has a record in the property & casualty insurance industry....
...Axa SA shareholders must wonder, however, if the company could have waited for a more opportune moment for the IPO instead of selling into a deeply sceptical market....
...The disposal leaves The Hartford, whose history stretches back to 1810, focused on property casualty insurance and employee benefits....
...Proceeds will be used to help fund the $15.3bn purchase of Bermuda-based insurer XL Group, which will expand Axa’s position in US property and casualty insurance and specialist parts of commercial insurance...
...Simon Kirby, chief operating officer at Rolls-Royce, is stepping down just 19 months after taking the post, becoming the first high-profile casualty of the FTSE engineer’s latest restructuring....
...Contracts for variable annuities can be complex and hard for providers to manage, and several companies — including The Hartford — have closed or scaled back their variable annuity operations after running...
...Shares of Travelers, one of the largest US property and casualty insurance companies, weighed on the broader Dow Jones Industrial Average with a drop of 3 per cent at the start of trading on Monday, after...
...Employers were allowed to pay lower national insurance contributions in return for providing staff with a guaranteed minimum pension in the contracted-out pension schemes....
...The insurer, which is more than 200 years old, has overhauled its operations in recent years to focus on property-casualty cover, as well as group benefits and mutual funds....
...The results from the Hartford, which sells mutual funds as well as property and casualty insurance and group benefit policies, are the latest sign of a squeeze on the industry’s profits....
...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....
...Of the nine, only two had US headquarters, The Hartford and Prudential....
...“With the regulatory pressures on insurance companies, it has created great opportunities for Conning....
...Hartford has been looking to sell Woodbury since it bowed to shareholder pressure in March to focus on its property and casualty business....
...He has argued that too few analysts and investors understand complex insurance businesses and as a result have not seen the full value of Hartford’s “best in class” property and casualty unit....
...The Hartford, like other insurers, has been under pressure in its life insurance business as interest rates hover near zero, making it difficult to generate the income to cover pay-outs on products like...
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