Hints and tips:
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...Not everyone will want to be locked in a monetary union with countries like the Netherlands, whose prime minister is ideologically opposed to mutual risk-sharing....
...Barclays had been advising Covéa, a French mutual insurer, which last year wanted to make a bid for Scor....
...From what we see,the company’s current approach to fixed-cost allocation is completely appropriate, but the effects are magnified by effectively being a one-product company....
...He also likes Balistreri v Pacifica Police Dept, a 1990 appeals court decision stemming from a domestic violence case, which he has mentioned 312 times....
...Equity, bond and credit mutual funds all had material outflows this week while money market funds had the biggest inflows on record, at $137bn....
...Rotork has the single largest exposure in our coverage (~50% v 60% in 2014 though)....
...; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...life insurance business....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...Old Mutual and Carlyle declined to comment....
...Isle of Man-based Utmost is part of Life Company Consolidation Group, an Oaktree Capital-backed vehicle set up four years ago by industry veteran Paul Thompson to collect together unwanted life insurance...
...Former talk-show host Montel Williams was enlisted by Money Mutual to help the payday lending company sell loans to consumers....
...“At the moment, insurance companies and pension funds cannot invest in real estate in China,” he says. “Those restrictions are starting to lift.”...
...Thompson, a Briton who also chairs UK private equity group 3i, will take up the position in March, when Jan du Plessis steps down....
...The banks closed by the FDIC and named in the lawsuit range from small community lenders to some of the largest casualties of the financial crisis such as IndyMac and Washington Mutual....
...estate and hotels, as well as insurance and financial services”....
...LCCG plans to use Reliance Mutual as a platform from which to buy other UK based insurance companies....
...For this, Charles Dickens, the creator of a famous fictional legal battle — Jarndyce v Jarndyce — might be responsible....
...There is, for instance, no such provision for commercial banking or primary insurance. Some argue these gaps would need to be filled for the mechanism to be a credible option for the UK....
...In came life insurance, asset management and banking operations across Europe, the US and Africa — some of which did not linger long and were sold within a few years....
...Since then he has sought to make up for lost ground by holding meetings and phone conversations with banks and insurance companies, including Barclays, Santander, Lloyds and BBA....
...Mr Ide, who was chief executive at Old Mutual Global Investors between 2011 and August 2015, succeeds Peter Thompson, the acting chief executive. He will remain as president at Source....
...He covered hedge funds, private equity, mutual funds and private banking....
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