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...High spending on customer acquisition has been a concern for investors in Lemonade and other insurance start-ups....
...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...
...Tokio Marine is being sued by investors seeking payouts on the credit insurance, but expects no material financial impact....
...NYCB bought the operations of Signature Bank, another lender that collapsed last year, in a deal arranged by the Federal Deposit Insurance Corp....
...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...followed reporting by the Financial Times that Dubai-based Paramount Energy & Commodities DMCC had traded a type of Russian oil last year that routinely priced above the G7 cap, while using western-based insurance...
...Mainland Chinese visitors accounted for around $7.5bn of new insurance premiums in Hong Kong in 2023, according to the city’s Insurance Authority....
...Corporate earnings: Taiwanese contract manufacturer Foxconn, Hong Kong insurance giant AIA and conglomerate Swire report results....
...So mainland Chinese investors bought insurance policies to take money offshore. But Beijing has been stepping up capital account controls in the city since 2017. AIA meanwhile has a sales edge....
...Rival AIA Group last week also reported an 82 per cent jump in the value of new business in Hong Kong, supported by the return of mainland Chinese visitors....
...Insurance companies are creating demand for healthcare insurance, the fastest-growing category. Shares of AIA are down a tenth in the past year....
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...Cigna is in talks to merge with Humana in a deal that would create a US health insurance giant worth $140bn and provide a significant test for antitrust authorities, according to people briefed about the...
...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....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
Case studies in best practice among general counsel and company legal teams in North America
...The country’s largest banks expensed $16bn to cover the government-imposed “special assessment”, which replenished a deposit insurance fund that was heavily depleted by the failures of Silicon Valley Bank...
MassMutual arm files for temporary restraining order and preliminary injunction after 20 employees defect
...Chinese food delivery platform Meituan and Hong Kong-based insurance group AIA also release earnings....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...The gains were fuelled by strong results from Berkshire’s insurance unit, including at Geico, as well as higher interest rates....
...Lyft’s insurance cost per trip is about $2.43, or 50 cents per mile....
Trends in geopolitics force faster responses from legal teams
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...“But Dai-ichi Life is clearly on the conservative side and people will look at it and say that’s Japan Inc. It’s great news for M&A in Japan.”...
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