Hints and tips:
...Allstate’s 2Q underwriting results (as measured by its “combined ratio”) highlights what can happen when weather and economic conditions turn against property and casualty insurers....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Having outperformed other financials last year, the S&P Property & Casualty Insurance index is down 7 per cent so far this year. That compares with the S&P 500’s 15 per cent gain....
...Across the board, US property & casualty insurers had a $27bn net underwriting loss last year, their worst performance since 2011....
...Allstate cited the growing bill from wildfires as among the reasons it paused selling new home insurance policies in California last year....
...Zurich, one of Europe’s biggest insurance groups, released full-year results on Thursday, reporting a flat combined ratio — claims and expenses as a proportion of premiums — for its property and casualty...
...“What these banks had in common with the casualties of 2007-08 is that they were expanding their balance sheets much faster than their peers....
...All this should be bad news for property and casualty insurers. After all, they make money by collecting more premiums than they pay out in claims....
...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....
...Her bank has deferred repayment on a £50,000 government-guaranteed bounce back loan, but business rates — a tax on commercial property — are falling due again, and the company is struggling with wages, insurance...
...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...
...property and casualty arm....
...Property and casualty cover is seen as a far more natural home....
...We believe Property & Casualty names are still attractively valued despite outperforming in 2019, but we downgrade three life insurers owing to less attractive risk-reward and higher regulatory headwinds...
...The Swedish residential property company was founded in 2016 by Mr Batljan, who was once a politician....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...will enable further gains in property prices....
...What we’re reading Barr v Congress When William Barr cleared Donald Trump on obstruction of justice on Sunday, the US attorney-general held true to a long-held and expansive view of presidential authority...
...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...
...Meanwhile, banks are fighting more strongly in property and casualty insurance and IT impairments might be on the rise.” ● Jefferies upgraded Volkswagen from “hold” to “buy” with a €220 target....
...The results were weighed down by $360m of claims for the reinsurer from Cyclone Debbie, as well as tough conditions in Swiss Re’s core property and casualty (P&C) reinsurance market....
...Given AIG’s particular troubles with property and casualty insurance, some analysts think it would be wise not to choose another person short of industry experience....
...Both companies provide property and casualty cover in the state, writes Alistair Gray in New York....
...This high profile casualty of the trade war won’t go unnoticed among multinational companies. Garry Young, NIESR Chelsea will win the cup....
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