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...Christoph Schweizer told the Financial Times that AI and generative AI were “a huge boost” to revenues in the past year as companies move from experimenting with the technology to “at-scale deployment”....
...“Film studio space is still lagging behind, notably in Europe,” said Louis Leveillé Nizerolle, head of transactions for France at Axa IM Alts....
...danger, of course, is what the UK faced with former prime minister Truss, where policymakers tried to take an action, and then there’s a market reaction to that action,” Swagel said in an interview with the Financial...
...Chief executive Thomas Buberl told the Financial Times the group would ratchet up sales to businesses with fewer than 1,000 employees, pushing traditional products such as property insurance and specialist...
...The BBC has agreed to sell the Elstree studio complex that is home to soap opera EastEnders to French insurance company Axa, providing a financial boost of up to £70mn for the cash-strapped broadcaster....
...The backlog is four times larger by value than it was during the global financial crisis. Not all these unsold companies will be duds....
...It also announced the acquisition of Irish health underwriting firm Laya for €650mn from US insurer AIG’s Corebridge Financial....
...Axa also announced the acquisition of Laya Healthcare from AIG’s Corebridge Financial, a deal that should give it a number-two position in Ireland’s private health sector....
...Cracks show in Thames Water’s financial plumbing The supposedly bulletproof capital structure used to finance Thames Water isn’t looking so solid.The finances backing the UK’s largest water utility and...
Purchase shines light on wealth accumulated by longtime chief executive Rich Handler
Carriers have come to rely on check-in charges as a source of revenue but face new disclosure rules
...Most of it is expected to flow through to the ship’s reinsurers, a large group including Axa XL, a division of the French insurer. Axa said any impact would be “non-material” at group level....
...Axa IM and Abrdn both chose Ireland as a domicile for their nascent ETF businesses....
...Lawsuits targeted HomeServices in particular because of Berkshire’s financial resources including $167.6bn in cash, far more than independent brokers....
Credit card holders accustomed to fancy perks are in for a rude awakening
Sellers will be able to charge different prices to consumers based on the card they use
Admonitions about staff trading in their employer’s shares may now need to be broadened
...AbbVie said the incursion by rivals to Humira “was anticipated and contemplated” in its financial guidance....
Asset manager’s chief has become a popular target for criticism over its ESG investing stance
Thank [expletive] for Michael O’Leary
Allocations represented only 16% of total new money garnered by ETFs, down from 65% during highs of 2022
Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to bite
...Foreshadowing that danger, Axa reportedly wants to sell the reinsurance arm of its subsidiary XL. Axa is a large, stolid French commercial and retail insurer....
...The US Financial Industry Regulatory Authority hit two Stifel broker-dealer divisions with $2.3mn in fines and restitution over unsuitable recommendations on leveraged exchange traded products....
...They function as a place for depositors to safely store their cash and obtain other financial services beyond loans....
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