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...A-Cap entities directly funded some of 777’s sports investments, including providing what appears to be $60mn in short-term working capital finance to Nutmeg Acquisition, an entity involved in 777’s football...
...Taking out life insurance on a stranger is “anathema to hundreds of years of public policy” and a violation of the Delaware Constitution, the suit says....
...Mitsui Sumitomo Insurance also recently announced expansion plans for its Lloyd’s insurer. But there is a fragility to this recent success....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...That trails a 165 per cent gain by Buffett over the same period and a 211 per cent total return by the S&P....
...This is roughly comparable to average default rates observed in companies that receive a B credit rating from S&P (3.4 per cent) and a B3 from Moody’s (4 per cent)....
...Galicia will acquire the entire HSBC Argentina business, including banking, asset management and insurance, HSBC said....
...Even if Helvetia mentioned the war as a post-balance sheet event in its 2021 accounts, with a fleeting reference in 2022’s first-half results, failing to bring up the conflict in last year’s annual report...
...Most agree that an insurance sector that took in about $12bn in premiums last year, according to figures from S&P Global Ratings, is by no means large enough to cover a systemic cyber attack....
...Alex Kosoglyadov, managing director in global equity derivatives at Nomura, said a surge in demand in put options — which act as a form of insurance against stocks falling — marked a stark contrast with...
...In full-year results on Wednesday, the life insurance and asset management group reported a 45 per cent rise in new business profit — a measure of expected earnings from newly sold products — to $3.1bn,...
...Under-insurance is a vast problem in the island nation; 95 per cent of those affected by 2021’s Hurricane Elsa did not have insurance....
...Deposit insurance had killed the retail run — but was no match for the growth of institutional cash pools ahead of the Global Financial Crisis (GFC)....
...Joanna S Kao Wow. What are the larger ramifications of people foregoing health insurance for China’s economy?...
...By lunchtime in New York, the benchmark S&P 500 gauge was down 1.1 per cent, while the technology-heavy Nasdaq Composite was down 1.5 per cent....
...Such a narrow price gap between puts and calls — a “flat skew” in industry jargon — is unusual during aggressive market rallies, when investors generally take out insurance against potential pullbacks....
...That compares against M3’s offer of ¥1,600 per share for up to a 55 per cent stake in Benefit One....
...Further reading: — What’s going on with US car insurance? — Car insurance! Again! — The US insurance storm continues — Taking a CLOser look at insurers...
...Standard Chartered Bank Sun Alliance & London Insurance (RSA Insurance) Tesco Unilever Whitbread & Co....
...As of April 2024 they had amassed a record $2.63tn in “dry powder” — unspent cash reserves, according to S&P Global Market Intelligence — up from $2.3tn in December....
...The stock of China Life Insurance, the largest, has risen about a fifth in the past year to trade at 6.5 times forward earnings according to S&P Global....
...K-SURE, the South Korean government export credit agency, has withdrawn insurance needed to underwrite SK E&S’s investment in the Timor Sea project....
...Auto-insurance businesses are still losing money. And a run of unusually destructive bad weather has brought additional losses for their property-insurance businesses....
...Price pressures today come from a narrower bundle of items — including housing and insurance. Signs of a cooling labour market point to an easing in sticky services inflation....
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