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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...The chief executive of Lemonade has criticised “naysayers” that predicted the lossmaking insurance start-up would go out of business after it reported a small rise in its cash and investments in the second...
...The co-founder of Blue Owl, one of Wall Street’s largest alternative asset managers, said the group was planning to keep pursuing acquisitions to expand the firm further beyond its core business of arranging...
...Brandon, who co-operated with investigators and was not charged, declined to comment....
...But some are now turning their focus to a problem that seems almost as intractable: breaking the stranglehold of Excel on the business of specialist underwriting....
...Pimco has appointed Giorgio Cocini as a managing director overseeing its business in Italy, France and Iberia....
...The purchase, which is set to catapult Nationwide into business banking and increase its share of the mortgage and savings market, is Debbie Crosbie’s boldest move since taking over as chief executive of...
...Virgin Money was co-founded as Virgin Direct by Jayne-Anne Gadhia in 1995....
...Doing so is reliant on pulling off an integration — historically difficult to execute in the banking industry — without besmirching its reputation as an organisation that values people as much as it does...
...One industry veteran noted that banks withdrawing from business lending in response to tougher capital rules since the financial crisis was a central factor in the convergence of private assets and insurance...
...They found willing sellers in traditional insurers looking to dispense with capital-intensive business....
...The FT story on the deal quoted KKR co-CEO Scott Nuttall saying the following: “We are not doing this because we have to, we are doing it because we want to and this has been a home-run investment,” said...
...Consultancy Bain & Co has warned of a “towering backlog” of companies that must be sold so cash can be returned to investors such as public pension funds which have become overexposed to unlisted investments...
...Other large private equity groups including KKR, Blackstone and Brookfield have also prioritised originating low risk corporate debts as they grow their insurance-related assets....
...business Corinthia Global Management....
...Christopher Rossbach, the chief investment officer of Berkshire shareholder J Stern & Co, said the comment by Buffett was “very significant” as it showed “part of the path forward”....
...The nine-member council, made up of politicians, business figures and civil society leaders, will have a mandate until February 2026, during which time it is expected to appoint a new prime minister and...
...Many customers are buying weight-loss drugs outside insurance schemes as obesity is not a widely covered condition in the US....
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...Michael Wise of the South Carolina insurance regulator said he was aware that his Bermudian counterparts were addressing issues at 777 Re, and that the state continued to “co-ordinate our efforts as necessary...
...Barings said that in early March more than a dozen employees resigned for Corinthia, alongside global private finance co-heads Fowler and Adam Wheeler....
...Like many of its peers, the business emerged from the privatisation of China’s housing in the 1990s....
...L Y-M: The EU is doing a lot to advocate for the mitigation of climate change. Cutting emissions as soon as possible is the first thing that one needs to do....
...Between them, the firms paid $28.2mn in commissions to the intermediary firm that paid the bribes, authorities said, and retained a total of $12.8mn in commissions as a result of the business....
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