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KKR's Henrey McVey offers his insights on the insurance industry since the global financial crisis. With CNBC's Mike Santoli.
Over the past 10 years The Travelers Companies Inc (NYSE:TRV) has returned an average of 3.00% per year from dividend payouts. The stock currently pays out a dividend yield ofRead More...
Travelers (TRV) continues to raise optimism with revenue growth, wide range of product offerings and a robust capital position. However, cat loss exposure remains a drag.
Hedge fund firm Tangency Capital launched last week with $50 million (37 million pounds) in assets under management to bet on the reinsurance market ahead of the next hurricane season, one of its three founding members told Reuters on Wednesday. Last year was the worst on record for insurance losses from natural disasters, including hurricanes Harvey, Irma and Maria. Tangency Capital, which has offices in London and Bermuda and will invest directly in non-life reinsurance risks, was founded by Dominik Hagedorn, Michael Jedraszak and Kai Morgenstern.
Hedge fund firm Tangency Capital launched last week with $50 million in assets under management to bet on the reinsurance market ahead of the next hurricane season, one of its three founding members told Reuters on Wednesday. Last year was the worst on record for insurance losses from natural disasters, including hurricanes Harvey, Irma and Maria. Tangency Capital, which has offices in London and Bermuda and will invest directly in non-life reinsurance risks, was founded by Dominik Hagedorn, Michael Jedraszak and Kai Morgenstern.
Brown & Brown's (BRO) subsidiary buys almost all the assets of Automotive Development Group of late. This move is likely to boost the company's presence and improve its growth in the auto/F&I space.
The price-to-book ratio of Prudential Financial (PRU) stood at 0.85x on an NTM (next-12-month) basis, which is lower than the peer average of 1.22x. Competitors Travelers Companies (TRV), Hartford Financial Services (HIG), and MetLife (MET) have price-to-book ratios of 1.42x, 1.37x, and 0.89x, respectively, on an NTM basis.
Prudential Financial’s (PRU) Life Planner operations saw adjusted operating income of $416 million in 1Q18, while in 1Q17 it was $408 million. This rise also includes the benefits from currency fluctuations. However, after excluding these benefits, the increase stood at $7 million mainly due to operations in Brazil as well as Japan.
Arthur J. Gallagher's (AJG) buyout of Pronto to help it consolidate its position as one of the largest MGAs in the country and enhance its Risk Placement Services' offerings.
Moody's Investors Service, ("Moody's") has assigned provisional ratings (senior unsecured debt at (P)Baa2) to Markel Corporation's (MKL) multi-seniority shelf registration statement. This new shelf registration, filed on February 23, 2018, replaces Markel's previous shelf registration statement filed on March 20, 2015.
United Insurance (UIHC) gains from improved premium-in-force and a better performance at Personal Property and Commercial Property lines of business in Q1.
Hallmark Financial's (HALL) better underwriting results at Standard Commercial and Personal segment add value to its Q1 earnings.
Pricing insurance stocks such as TRV is particularly challenging. Given that these companies adhere to a different set of rules relative to other companies, their cash flows should also beRead More...
Investors who want to cash in on CNA Financial Corporation’s (NYSE:CNA) upcoming dividend of $0.3 per share have only 3 days left to buy the shares before its ex-dividend date,Read More...
Lloyd's of London, AIG, Allianz and other insurers are ignoring assurances and establishing new hubs in Britain and the European Union before Brexit in March 2019 to ensure access to customers. The moves come despite a "standstill" transition agreement struck between Britain and the European Union in March of this year which is meant to avoid any such hasty relocations. This is particularly true of relocation plans, which take two years or more to complete," Hugh Savill, of the Association of British Insurers, said.
Berkshire Hathaway's Warren Buffett opined about whether climate change will affect the insurance industry significantly, as worsening weather has led to a significant amount of expensive natural disasters in 2017.