Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Singaporean billionaire is seeking to oust his son as chief executive of the family’s property company, accusing him of attempting a boardroom coup and poor business decisions. Kwek Leng Beng, executive chair of Singapore’s … Read more
Unless you are incredibly rich, it’s highly likely that your vacation property is smaller than your primary residence. Having a smaller vacation property is a rational choice given you don’t live there as long as you do your primary residence. Further, it’s unlikely you need as many extra rooms for guests, an office, or entertainment … Read more
The Los Angeles, California wildfires are a tail event for the peril and will demonstrate the continued and growing relevance of reinsurance, according to RenaissanceRe CEO Kevin O’Donnell, who also explained today that “most of our US property catastrophe programs are loss impacted.”The RenaissanceRe CEO further states that with the scale of the loss impact … Read more
Picture this: you own a property, pay your insurance premiums diligently, and sleep soundly knowing your building is covered. But what if I told you that 76% of UK properties are underinsured? That’s more than three-quarters of buildings potentially leaving their owners in for a rude awakening should disaster strike. Despite recent improvements, this figure … Read more
Selling a property can be a strategic move, especially if you’re aiming to liquefy an asset and realise the capital gains since you purchased it. But one question looms large: how long does it take to sell a property in the UK, from listing to completion? This timeline is crucial for landlords planning budgets and … Read more