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...The chief executive of Aon, one of the world’s largest insurance brokers, has called for better modelling of climate risks, saying conditions in the property insurance market were “stressed” after a surge...
...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...The Tories are eager to build on cuts in national insurance in two successive Budget rounds as they seek to address the rising overall tax burden....
...High spending on customer acquisition has been a concern for investors in Lemonade and other insurance start-ups....
...MS Amlin is targeting growth in areas such as marine insurance, one of its specialities....
...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...Motorists were quoted £941 on average for an annual insurance policy between January and March, according to a widely watched index of price comparison site quotes published by Confused.com and insurance...
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...All this data combined is used to decide whether to offer insurance cover and at what price....
...Premiums from its general insurance division, which includes car insurance, also grew....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the final three months of last year, the 25th straight quarter of increases....
...“The good news here is the insurance is in force,” said Neal on Thursday. “The boat is insured, the bridge is insured, the port authority is insured.”...
...MPs last year blamed regulatory foot-dragging for London losing out on $700mn of insurance-linked securities that went to Singapore....
...A 2p cut to national insurance was the main talking point coming into Jeremy Hunt’s Budget speech. He duly delivered that, saying it was a move that would “grow our economy by rewarding work”....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...He said last year’s 2p cut from national insurance had put 94,000 more people in work, filling more than one in 10 vacancies....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...National insurance is a “tax on work”, Hunt said. “We want to end that unfairness over time . . . I think it is wrong that we tax work twice.”...
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the fourth quarter of 2023, the 25th consecutive quarter of rate increases....
...Built for comfort, not speed is a good slogan for annuities — an insurance product offering retirees steady, long-term income....
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