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...], and/or businesses entities with which [Troost] is associated”, states the contract, dated February 26....
...“We don’t believe we fully understand the risks associated with these offshore insurance companies,” said Natalie Winterfrost, a professional trustee and former chair of the investment committee at The Society...
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...“We tend to want the legal principles associated with the disputes to be reasonably well settled,” he adds....
...The IMF warned of the risk of “fiscal slippage” around the world given this year’s large number of elections, which are often associated with looser budgetary policy ahead of polling day....
...Hankey told the Associated Press that Knight underwrote Trump’s bond for business reasons, not political ones....
...This was driven by a steep decline in sold investments known as realisations and the associated incentive fees....
...A top Fed rate-setter yesterday said US interest rates were unlikely to fall as far as expected in the longer term....
...The list of borrowers shifting from private to public debt markets includes Veritas-backed energy consultancy Wood Mackenzie and UK insurance broker Ardonagh, according to people briefed on the matter....
...The best organisations will have someone on the board whose job title is customer service, but the ones who really need to improve are unlikely to do so....
...News round-up Axel Springer strikes landmark deal with OpenAI over access to news titles (FT) Apollo plots £5bn takeover of Pension Insurance Corporation (Sky News) Bain Capital buys controlling stake...
...After a quiet start to the week for earnings, the results calls will pick up during the coming few days with insurance a strong theme in the UK as Aviva, Legal & General, Hiscox and Royal London report figures...
...[Free to read] Fed chair Jay Powell has said the US’s inflation fight “is not done”, an important economic message to voters straining under higher interest rates....
...He writes: “Financial markets actually approve of investment and higher growth rates; they will buy British government debt to finance it....
...It’s a lifeline for many parents because it helps with the additional costs associated with having children....
...Yet high mortality and failure rates rarely put off investors safe at home or people desperate for a new life and location....
...Nearly 40 per cent of some 535 dark fleet tankers have registered ownership via shelf companies incorporated in the Marshall Islands....
...These shocks cause exchange rate crises that often lead to severe social and political unrest....
...There may be hidden financial costs associated with these conditions....
...But it is a mistake to think democracy necessarily follows economic development, Huang argues, especially at a time when China’s own growth rates are slowing....
...On Wednesday, insurance brokerage Aon struck a deal to acquire NFP, a private equity-backed midsized property and casualty broker, for $13.4bn....
...Its retention rate is high at 95 per cent. Its funds under management have more than quadrupled over the past decade....
...Ever since, the promise of eye-watering returns has enticed pension plans, endowments, insurance companies, private banks and business tycoons to pump $5tn into the industry....
...According to people briefed about the matter, it has to date returned investors 2.5 times gross multiple of capital and 33 per cent gross internal rate of return....
...Note the title: The “on average, things turn out OK” argument is as true as far as it goes....
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