|Bid||721.50 x 0|
|Ask||722.50 x 0|
|Day's Range||722.50 - 728.50|
|52 Week Range||505.00 - 732.00|
|Beta (3Y Monthly)||0.53|
|PE Ratio (TTM)||7,225.00|
|Earnings Date||Nov 7, 2019|
|Forward Dividend & Yield||0.08 (1.11%)|
|1y Target Est||8.11|
Hurricane Dorian, which battered the Bahamas early on Monday, could cause insurance industry losses of up to $25 billion, according to analysts at UBS. Dorian, the second-strongest Atlantic storm on record, was forecast to pound the archipelago through the day, then move slowly towards the east U.S. coast, where authorities ordered more than a million people evacuated in Florida, South Carolina and Georgia.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Lancashire, which insures everything from ships and aircraft to damages from terrorism and war, said on Wednesday that gross written premiums rose 0.6 percent to $217.2 million (£166.4 million) in the quarter ended March 31. "The claims environment was relatively benign, with no new major net losses in the quarter," the company said. Lancashire's stable results come after the insurer swung to a profit in 2018, when the industry got some relief after facing record insurance losses in 2017 from notable hurricanes, typhoon and wildfires.
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The reinsurance fund, set up in 1993, acts as a backstop to insurers paying out claims on property damage and business interruption. The bond, the first of its kind globally and oversubscribed by capital markets, covers physical damage from chemical, biological, radiological and nuclear and cyber attacks, Pool Re said.
"We have negotiated with Lloyd's and we will write businesses that are affected by Brexit through our Lloyd's platform, through Lloyd's Brussels ... That is a great solution for us," Chief Executive Officer Alex Maloney said. Lloyd's, which covers risks from oil rigs to soccer stars' legs, has said it would launch a Brussels unit to continue serving its customers in the European Economic Area after Brexit.
The Lloyd's of London insurer, which writes policies for heavy-duty assets such as oil rigs, ships and aircraft, reported profit before tax of $33.6 million (26 million pounds) for the year ended Dec.31, compared with a loss of $72.9 million a year earlier. Gross written premiums rose 7.9 percent to $638.5 million for the year, and the company's combined ratio - a measure of underwriting profitability - improved to 92.2 percent from 124.9 percent last year. A level below 100 percent indicates an underwriting profit.
Pricing LRE, a financial stock, can be difficult since these insurance businesses have cash flows that are affected by regulations that are not imposed upon other sectors. For example, insurance Read More...
The moon is increasingly seen as a national security issue, with countries including the U.S. and China, as well as a number of private firms, honing in on its strategic location and large deposits of critical minerals and water. Morgan Stanley’s analysts dubbed China’s recent landing on the far side of the moon a “Sputnik moment” for the U.S., and said the event is likely to spur investment in the new space economy.