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Zurich Insurance's $10.3 Billion Beazley Offer Rejected
WSJ· 2026-01-22 08:57
Group 1 - The London-listed company believes that the cash bid significantly undervalues Beazley and its long-term prospects [1]
UK's Beazley rejects Zurich Insurance's $10 billion takeover bid
Reuters· 2026-01-22 08:37
Beazley rejected a 7.67-billion-pound ($10.3 billion) takeover bid from Zurich Insurance on Thursday, citing that it "materially undervalues" the UK speciality insurer and was lower than another proposal it rejected last year. ...
Top business leaders issue an expletive-laced message on the green backlash
CNBC· 2026-01-22 07:29
In this articleENR-DEFMG-AUALV-DEThia photograph shows a sign displayed by the World Economic Forum (WEF) on the eve of the WEF annual meeting in Davos on January 18, 2026.Fabrice Coffrini | Afp | Getty ImagesTop business leaders this week delivered an expletive-laden plea in defense of climate action, describing the backlash to Europe's green transition as an "aberration."In an interview with CNBC at the World Economic Forum in Davos, Switzerland, Allianz CEO Oliver Bäte said he disagreed with the suggesti ...
Jim Chanos Slams Tesla, Lemonade's Autonomous Insurance, Says True FSD Will Have Manufacturer's Liability: 'You Are All Being Played...' - Tesla (NASDAQ:TSLA)
Benzinga· 2026-01-22 06:40
Investor Jim Chanos, founder of Kynikos Associates, has criticized Lemonade Inc.'s (NYSE:LMND) move to offer reduced rates for Tesla Inc. (NASDAQ:TSLA) vehicles during FSD-engaged driving.‘You Are All Being Played,' Says Jim ChanosIn a post on the social media platform X on Wednesday, Chanos shared his criticism of the collaboration between the insurer and Tesla. "True FSD will carry manufacturers liability insurance," Chanos shared, which would translate to owners not needing driver insurance."You are all ...
Tryg Forsikring A/S - Financial Highlights 2025
Globenewswire· 2026-01-22 06:31
Financial Performance - Tryg Forsikring reported an insurance service result of DKK 7,945 million, an increase from DKK 7,056 million in the previous year [1][8] - The combined ratio improved to 80.3% from 81.7% [1][8] - The investment result decreased to DKK 757 million from DKK 910 million [1][8] - Pre-tax profit rose to DKK 7,320 million compared to DKK 6,423 million in 2024 [1][8] - Profit after tax increased to DKK 5,495 million from DKK 4,911 million [1] Customer Satisfaction - Customer satisfaction score improved to 82, up from a baseline of 81 in 2024 [3] Strategic Developments - The company is on track to meet its financial and strategic targets for 2027, focusing on IT simplification and profitability improvements, particularly in Norway [5] - The company has entered several new partnerships across Scandinavia to enhance commercial momentum [5] Accounting Changes - A new accounting policy was implemented regarding the hedging strategy of inflation risk, resulting in restated financial figures for FY 2024 [6][7]
Tryg A/S - Annual Report 2025
Globenewswire· 2026-01-22 06:30
Core Insights - Tryg reported a strong financial performance for 2025, with an insurance service result of DKK 7,945 million, up from DKK 7,056 million in 2024, and a combined ratio of 80.3%, improved from 81.7% [1][9][10] - The company announced an ordinary dividend of DKK 8.20 per share, representing an increase of over 5% from the previous year, and initiated a DKK 1 billion share buyback program [1][9] - The solvency ratio at the end of 2025 was reported at 196%, down from 204% in Q3 2025, indicating a strong capital position [1][9] Financial Highlights - The investment result for 2025 was DKK 778 million, a decrease from DKK 911 million in 2024 [1][9] - Pre-tax profit increased to DKK 7,212 million from DKK 6,303 million in the previous year, while profit after tax rose to DKK 5,405 million from DKK 4,816 million [1][9] - The expense ratio slightly improved to 13.4% from 13.5% in 2024 [9] Customer and Strategic Developments - Customer satisfaction score improved to 82 in 2025, up from a baseline of 81 in 2024 [4] - The company is on track to meet its financial and strategic targets for 2027, focusing on profitability improvements, particularly in Norway, and expanding partnerships across Scandinavia [6] - Tryg emphasized the importance of a resilient business model to support customer needs and shareholder returns during uncertain times [6]
Care@Home for Life Appoints Aurelian Anghelusiu as Chief Relationship Officer to Lead Human-Centered Growth Strategy
Globenewswire· 2026-01-22 04:20
Core Insights - Care@Home for Life has appointed Aurelian Anghelusiu as Chief Relationship Officer to enhance its relationship strategy and expand access to aging-at-home solutions [1][4] Group 1: Leadership Appointment - Aurelian Anghelusiu brings over 30 years of experience in leadership roles within luxury hospitality and service excellence [3] - His appointment is aimed at improving connections with clients, families, advisors, and strategic partners [1][4] Group 2: Company Mission and Strategy - Care@Home for Life focuses on redefining aging at home by integrating financial planning with personalized in-home support [5] - The company’s flagship offering, the Care@Home Guarantee™, combines guaranteed lifetime income with unlimited in-home care [6][9] - The approach aims to provide an alternative to debt-based retirement solutions, addressing the common goal of older Americans to age in comfort at home [6][9] Group 3: Values and Engagement - The company emphasizes dignity, transparency, and long-term support in its client experience [4] - Anghelusiu's role will involve enhancing communication and engagement practices as the company scales [7] - Clear communication and long-term stewardship are highlighted as essential components of the company's growth strategy [7]
Lemonade Offers 50% Insurance Rate Cut For Tesla Drivers Using Full Self-Driving: 'Because It Increases Safety So Much,' Says Elon Musk - Tesla (NASDAQ:TSLA)
Benzinga· 2026-01-22 04:17
Insurance provider Lemonade Inc. (NYSE:LMND) has said that it will offer a 50% rate cut for Tesla Inc. (NASDAQ:TSLA) drivers when the automaker's Full Self-Driving (FSD) system is engaged, as it can reduce accidents, the company shared.Lemonade Cuts RatesLemonade will cut "per-mile rates for FSD-engaged driving by approximately 50%," the company said in a statement on Wednesday, adding that rates could go down further in the future. The company, which collaborated with Tesla to unveil its "autonomous car in ...
Predictions Are Hard: A Realistic Look At U.S. P&C Insurers In 2026
Seeking Alpha· 2026-01-22 04:15
Group 1 - The article highlights the trend of seeking investment insights and predictions as the new year begins, indicating a common practice among investors and analysts [1] Group 2 - The CrickAnt is an actuary with experience in analyzing insurance and reinsurance companies, contributing to the Cash Flow Club, which focuses on company cash flows and capital access [2] - The Cash Flow Club offers features such as access to a leader's personal income portfolio targeting yields of over 6%, community chat, a "Best Opportunities" List, and performance transparency across various sectors including energy midstream, commercial mREITs, BDCs, and shipping [2]
Here's What Key Metrics Tell Us About RLI Corp. (RLI) Q4 Earnings
ZACKS· 2026-01-22 01:00
For the quarter ended December 2025, RLI Corp. (RLI) reported revenue of $448.73 million, up 2.9% over the same period last year. EPS came in at $0.94, compared to $0.41 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $451.17 million, representing a surprise of -0.54%. The company delivered an EPS surprise of +24.01%, with the consensus EPS estimate being $0.76.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...