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...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
...A year later it was promoted to the lucrative Premier League and Sawiris has since expanded his stable of sports assets under his and Edens’ V Sports, including a stake in Portuguese club Vitória....
...The transport companies were so busy moving art, they ran out of trucks.” If Germany wants this art back, “the law should be scrapped,” says Blau....
...Second-most-common were advertising and marketing businesses, followed by fintech, financial services and insurance groups....
...They have also garnered the support of Republicans in the House, who called on the heads of the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency...
...It is building a facility in Penang, but some US lawmakers already want to restrict American companies from collaborating on RISC-V projects....
...Another South Korean-owned company, Hanwha Qcells, will spend $2.3bn on a solar panel manufacturing factory....
...They say the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency have exceeded their remit and could diminish the competitiveness of US banks by unilaterally...
...There’s a lot of German insurance companies on there. And there are also quite a lot of individuals who lend money to René Benko....
...Senior insurance industry figures said the sector had pushed to ease trading between the two countries’ specialist insurance markets, where big assets such as planes and pipelines are insured by a range...
...The PLD impact assessment estimated annual payouts from the reformed system could reach €217mn and insurance costs for companies rise around 10 per cent....
...The insurance sector is expecting a hefty bill....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...“Society, including insurance companies, has globally not been strict enough on prevention,” says Frédéric de Courtois, deputy chief executive of Axa....
...Additional contributions from Gary Jones and Benjamin Wilhelm...
...Starmer was originally proposing to have a shadow comprehensive spending review led by Jones....
...There were some longer dresses: strapless or with a deep V neckline, held together by delicate lace....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...Sam Jones is the FT’s Austria and Switzerland correspondent and acting Berlin correspondent Find out about our latest stories first — follow @ftweekend...
...Two of those companies were fined on Thursday. “Despite opting out of receiving marketing calls, my parents were bombarded with calls from companies selling insurance products,” he said....
...News round-up AI advertising start-up valued at $4bn after fundraising (FT) Dole scraps sale of vegetables unit after DOJ threatens to sue (Dow Jones) Small investors power Trump Media’s market valuation...
...However, the Consumer Bankers Association, which represents retail banks, has welcomed the new rule, which also seeks to regulate fintech companies....
...According to data from S&P Dow Jones Indices, Berkshire Hathaway returned 20 per cent on average annualised in the 45 years Munger was associated with the company....
...Ajit Jain, a Berkshire vice-chair who oversees its insurance operations, told shareholders at the annual meeting in May that the company had wagered heavily on the Florida insurance market and had written...
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