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...These types of asset-backed debts have become hotly coveted in the private capital industry as large managers such as Brookfield, Apollo Global and KKR manage insurance-based investment assets, generating...
...His global quantitative trading firm followed up with another $2mn months later, becoming the first big backer of ByteDance founder Zhang Yiming and helping to kick-start a social media revolution....
...Japan’s biggest brokerage and investment bank said on Friday that net income in its fourth quarter, which runs to the end of March, came in at ¥56.8bn ($363mn), compared with just ¥7.4bn in the same period...
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the fourth quarter of 2023, the 25th consecutive quarter of rate increases....
...Reinsurance returns last year were 20 per cent, according to brokerage Guy Carpenter. Global reinsurers have little exposure to lower intensity storms....
...Paul Hastings has hired Alexander Temel as global co-chair of the firm’s private equity practice. He previously worked for Sidley Austin....
...Michael Van Slooten, head of business intelligence in global insurance brokerage Aon’s reinsurance division, said there was “clearly more appetite [from reinsurers] out there”, adding: “[But] it’s still...
...Future Forward, a pro-Biden super Pac has already booked more than $130mn in ads this year, according to AdImpact data. Maga Inc, a pro-Trump super Pac, has booked just $6.5mn....
...Aon, one of the world’s biggest insurance brokerages, noted in a report this month that reinsurers had looked to “increase price and reduce coverage in a meaningful way” for Israel and the wider region....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...“These are extraordinary concessions by Visa, Mastercard and the banks,” said Jaret Seiberg, an analyst at brokerage TD Cowen, who added that the settlement could represent a threat to credit card rewards...
...The research is part of a growing number of strategies that brokerages are using to draw more global investors into a booming Japanese stock market as the country’s benchmark Nikkei 225 and Topix indices...
...Still, there’s a big difference between a bitcoin ETF being available on a brokerage platform and being recommended by a firm....
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...Barings said that in early March more than a dozen employees resigned for Corinthia, alongside global private finance co-heads Fowler and Adam Wheeler....
...Ken’s cold feet: Ken Griffin, Mr Citadel, gave a pro-Nikki Haley super Pac $5mn in December and January....
...“Pet healthcare can cost the equivalent of private healthcare for humans,” said Zoe Cheng, managing partner of IAM Wealth, an insurance brokerage....
...Recent launches from JPMorgan and State Street Global Advisors have all reached the $10bn threshold in about two years, according to Morningstar....
...“Their income is getting squeezed,” said Christopher Whalen, a veteran industry analyst, who is the head of Whalen Global Advisors....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...Citi, which had previously offered investment banking services through a local partner, applied for a Chinese brokerage license in late 2021....
...Decreasing the insurance rate for war-related risks was a “top priority”, said Christina Serebryakova at Atria, a Ukrainian agricommodities and freight brokerage....
...For Montgomery in Hungerford, gold is a must-have insurance policy for investors to protect themselves against an end to the equity and crypto mania....
...Often regarded as a bellwether for the global economy owing to the breadth of packages and documents it ships, UPS said on Tuesday it now expected revenues in a range between $92bn and $94.5bn in 2024, below...
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