Hints and tips:
Related Special Reports
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Admiral posted group pre-tax profits of £443mn for 2023, up almost a quarter on rising car insurance premiums but below analysts’ expectations....
...In full-year results on Wednesday, the life insurance and asset management group reported a 45 per cent rise in new business profit — a measure of expected earnings from newly sold products — to $3.1bn,...
...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....
...Pet medical insurance is booming, mainly for cats and dogs but also turtles, tortoises and birds — although not yet for hedgehogs....
...Mainland Chinese visitors accounted for around $7.5bn of new insurance premiums in Hong Kong in 2023, according to the city’s Insurance Authority....
...Hong Kong shares of the company rose by 1.6 per cent on Wednesday, while the broader Hang Seng index added just 0.2 per cent....
...A common measure of profits at insurance companies is the combined ratio....
...It said it was still looking for ways to recover losses including through insurance claims and litigation....
...“We are very aware there is lots of pressure on our customers,” she said, acknowledging that “insurance prices going up definitely doesn’t help” with the cost of living squeeze, and stressing the company...
...This could have a detrimental impact on Admiral’s future claims costs. The company’s interim payout dipped....
...Mercedes-Benz said Baltimore was among several ports used by the company in the US....
...gone in this search, the extensive search efforts that we’ve put into it, the water temperature, that at this point we do not believe we are going to find any of these individuals still alive,” said Rear Admiral...
...But her decision came against a backdrop of sharp rises in removals costs — by 38 per cent over the past five years, according to Admiral, the insurance group....
...“Our view is that the current problem has nothing to do with the number of doctors,” said Joo Su-ho, a KMA spokesperson....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...There will be serious social problems relating to health insurance, public pensions, education and military manpower.”...
...At a Treasury committee appearance this month, insurance executives including Admiral’s head of UK, Cristina Nestares, had come under pressure to provide such emergency relief....
...Bad weather also hit its home insurance business. Shares in the company fell as much as 9 per cent in morning trading on Wednesday....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...“We are not profiteering, we are catching up with the very high inflation [in claims costs],” said Cristina Nestares, Admiral’s UK chief executive....
...The market for motor insurance is tough. The company says claims inflation will hit earnings this year. It was already struggling....
...Admiral Lord West of Spithead House of Lords, London SW1, UK...
...More than 250,000 people have home insurance policies whose flood component is underwritten by Flood Re....
...Banking, insurance and finance firms are among those from the mainland interested in new offices in the city, she added....
International Edition