Hints and tips:
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...“The Russians’ strategy is to show it is much more resilient to casualties than Ukraine,” said Oleksandr V Danylyuk, head of the Centre for Defence Reforms, a think-tank in Kyiv....
...In his most recent letter to shareholders, Buffett again extolled the virtues of insurance “float” or the premiums that policyholders pay to Berkshire insurance companies such as Geico....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...casualty....
...Alleghany, a property and casualty insurance and reinsurer, has long been described as a mini-Berkshire Hathaway....
...With his own work off limits in China and recently censored in Hong Kong, Ai is coruscating about western museums such as the Pompidou, Tate and the V&A that have been paid millions by state-owned companies...
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...According to real estate services and investment company CBRE, prime rents for apartments in Amsterdam fell by 3.3 per cent in the year leading up to the fourth quarter of 2020....
...The companies declined to comment....
...There are other clues that Compass does not see that elusive V-shaped recovery....
...The $760bn-in-assets conglomerate is skewed towards financial companies — it owns large insurance companies, such as Geico, outright and stakes in many of America’s largest banks — and industrials....
...Stanley Druckenmiller, a former hedge fund manager, said that “the excitement of reopening is allowing a lot of these companies that have been casualties of Covid to come back and come back in force”....
...Speaking at the FT’s Global Boardroom event, he said: “I am not convinced that we are going to have a V-shaped recovery. I think it will be more like a U.”...
...This reflects the strong performance of large tech and healthcare companies of late that happen to dominate the benchmark....
...According to data from CB Insights and Willis Towers Watson, between 2012 and the first quarter of 2019, there were 627 deals involving investment in property and casualty insurtech companies....
...All of this follows Konstantin Strukov’s Uzhuralzoloto Group of Companies buying into POG in February....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...FADE OUT Meanwhile, the hunt for asset management casualties from the sharpest markets selloff in living memory remains an oddly low-key exercise....
...EU parties and the parliament have lobbied Facebook to exempt them from the rules — but the company is holding firm....
...Last year was not only the US banking sector’s first casualty-free year since 2006 but profits across America’s banks rose 44 per cent in 2018. (FT) Eurostar no-deal chaos predicted Chaos....
...(FT) US casualties in Syria US soldiers have been killed by an explosion in Syria while carrying out a “routine patrol”, according to the anti-Isis military coalition in the region....
...But it is not the only insurance company with a financial interest in sport....
...Simon Kirby, chief operating officer at Rolls-Royce, is stepping down just 19 months after taking the post, becoming the first high-profile casualty of the FTSE engineer’s latest restructuring....
...Bob Diamond, the architect of that expansion, became chief executive in 2011 only to be ousted less than 18 months later — a casualty of the bank’s role in the Libor scandal....
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