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...The Wall Street bank estimates more than Rmb170bn has been deployed directly into China’s domestic equity market by state-run financial groups this year....
...The slate of anticipated deals includes Ola Electric — expected to be among the largest Indian IPOs of the past two years — as well as fintech group MobiKwik....
...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Its use of generative artificial intelligence was also growing, he said: about a fifth of all emails that come into the group — a trickier area to automate than in-app communications — are responded to by...
...China’s Ant Group is bidding against Citadel Securities for Credit Suisse’s Chinese securities unit, a move that will test Beijing’s appetite for letting the Jack Ma-founded company expand again after a...
State-backed property group is country’s second largest and has been part of Beijing’s efforts to revive growth
...The quarterly results draw a line under the nearly three-year term of Aguzin, whose tenure began just weeks before the start of a regulatory crackdown on tech groups in China that cut off a lucrative trade...
...Speaking after the hearing Fergus Saurin, a partner at law firm Kirkland and Ellis, which represents a key group of Evergrande creditors, said: “We are not surprised by the outcome....
...The price rises have sparked concern among insurance buyers and consumer groups....
...Analysts at Man Group, the world’s largest publicly listed hedge fund, this week described recent ructions in the sector as a “quant quake” comparable to the quant sector meltdown in 2007....
Market maker founded by Ken Griffin seeks expansion in country with purchase of investment banking and brokerage unit
...Admiral posted group pre-tax profits of £443mn for 2023, up almost a quarter on rising car insurance premiums but below analysts’ expectations....
...Now, investors describe a status quo where President Xi Jinping’s focus on stability and national security has cowed once-thriving technology groups and accelerated a financial decoupling from the US....
...The wrangling as to which group was more liable “can go on quietly and sensibly, and it will go on behind the scenes”, he said....
...The events, executives say, amount to the biggest challenge yet to private capital groups’ foray into the life insurance sector....
...However, the group has also made some acquisitions, buying cement company Sanghi Industries and the news agency IANS....
...Sanofi chief executive Paul Hudson began in sales jobs at groups including GSK....
...Just like collateralised loan obligations, or the collateralised fund obligations that private equity groups use to securitise their assets, the DRP can be split into tranches....
...A Beijing court accepted a bankruptcy and liquidation application from Zhongzhi on Friday, stating that the group was unable to pay its debts....
...The group said its motor business had now “turned the corner” as it pushed up prices, adding that policies sold in the second half were estimated to achieve a net insurance margin — a new measure which calculates...
...Penny James stepped down as chief just over a year ago after the group scrapped its dividend following a period of rampant inflation in motor claims....
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...Built for comfort, not speed is a good slogan for annuities — an insurance product offering retirees steady, long-term income....
...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
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