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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....
...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...
...The 72-year-old Jain heads the insurance operations that underpin Berkshire, providing the cheap capital that has allowed Buffett to build a conglomerate rare in American history, owner of businesses from...
...Berkshire is the last great American conglomerate, with hundreds of subsidiaries fused with the backbone of the US economy. Its freight trains run over more than 32,000 miles of track....
...Bhalla is set to depart as chief executive of American Equity Investment Life when its $4bn sale to Brookfield Reinsurance closes in the coming days. The deal clinched him a $55mn bonus....
...most of the rise in transportation-services costs: car insurance!...
...That’s when he got a call from James Robinson III, who was then the chief executive of American Express and the biggest power broker on Wall Street....
...For good reason: the US spent an estimated $4.5tn on healthcare services in 2022, according to the Centers for Medicare and Medicaid Services....
...That includes pension funds, asset managers, clearing houses and insurance companies....
...The company now says profits and cash flow are sufficiently formidable to support debt service and capital expenditure without the need to raise fresh cash....
...Blackstone has appointed Philip Sherrill as global head of insurance. He previously worked for Global Atlantic Financial Group as chief strategy officer....
...Many passengers only fly once a year and thus may not understand how services once included in a traditional airfare now cost extra, or how to navigate an airline’s website to find more pricing information...
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...Combs’ background is insurance; the 53-year-old got his start at Progressive....
...Ellesheva Kissin is a reporter at Banking Risk and Regulation, a service from FT Specialist...
...“We will strengthen our scrutiny of the monopolistic abuse of platforms and their unfair trade practices,” KFTC chair Han Ki-jeong told the American Chamber of Commerce in Korea in March....
Case studies in best practice among general counsel and company legal teams in North America
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...US equities, ETFs, American depositary receipts and several other instruments are included in this change....
...Check out this cool Marimekko chart that Louis made showing the number of people employed and the share of the total industry employed by PE: The proportion of working Americans employed by private equity...
...Yet the share prices of London-listed tobacco giants Imperial Brands and British American Tobacco have risen since the day before the bill’s approval, with both modestly outperforming the FTSE 100 index....
...guidance from the Centers for Medicare and Medicaid Services (CMS)....
...In some cases, brokers say, companies have been able to buy insurance to cover more than $1bn of tax payments in the event they lose a dispute with the US Internal Revenue Service....
...Merchants are currently able to charge an extra fee for consumers who use American Express cards, but Visa and Mastercard have blocked sellers from doing so for their users....
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