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...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...This was offset by a positive contribution from other business lines, such as home insurance and motor rescue....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...Insurance is not supposed to be exciting. But Direct Line needs to offer some zing to its shareholders if it is to shake off the attentions of Belgium’s Ageas....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...In neighbouring Norway, a defence company was unable initially to expand its main factory; a data centre for TikTok, the Chinese-owned social media platform, had taken the region’s remaining power surplus...
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...its surplus, making it look safer than it actually is....
...It’s not a shock that corporate debt markets are healthy right now — economic growth is rolling along and rates markets are no longer pricing in recession, reducing companies’ incentive for waiting — but...
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...Experts predict hundreds of billions of pounds of liabilities will transfer from company balance sheets to insurance companies as part of a multiyear shift that will redraw the UK’s retirement landscape....
...A surge in insurance prices has repaired damage to its underwriting margins....
...cent, while the dividend was in line with expectations....
...independent consultant on ethics in insurance....
...Ageas said the deal would strengthen its position in the European market and help it rebalance towards non-life insurance business. Direct Line shares jumped 20 per cent to 197.5p on the news....
...“They can’t keep surplus headcount just because they want to be nice to their employees.”...
...Insured losses of $108bn for 2023 were broadly in line with the five-year average....
...the company in as many years....
...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”....
...First, fees have collapsed in line with the financial value of their largely bond portfolios. Second, the rise has thrown defined benefit pension schemes from chronic deficit to massive surplus....
...When a scheme’s corporate sponsor pays an insurance company to fully assume the obligations of the scheme they ‘buy-out’. They effectively hand over the keys and walk away....
...Shares in Direct Line jumped 14 per cent after the UK motor insurer agreed to sell its brokered commercial insurance unit for £520mn in a bid to shore up its balance sheet after a string of profit warnings...
...It helps that the company also posted its strongest first-half cash generation since 2017. But in the short term, top-line growth is well out of reach....
...lines such as cyber....
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