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...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....
...That is not to say that BlackRock and its peers have turned conservative — proposals that oppose diversity and inclusion efforts or seek to force companies to disclose more information about legal risks...
...(Do this thought experiment: picture a conglomerate controlling the same empire of companies as Berkshire, including in notably unpopular industries such as energy, insurance and banking; can you imagine...
...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...
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...The risk ‘genius’ pulling the insurance strings In early 2023, Ajit Jain was weighing Berkshire’s exposure to the risk of a devastating hurricane hitting Florida....
...a company to house Eurovita’s life insurance policies....
...That includes pension funds, asset managers, clearing houses and insurance companies....
...But like many other asset managers, Aegon shuts out tobacco companies from its ESG-focused funds — despite the strong ratings those companies enjoy from the likes of S&P Global....
...Seventy per cent of healthcare companies expect M&A activity in healthcare to increase in 2024 after two relatively quiet years, according to a recent global survey from Jefferies....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...“It’s a different risk-reward....
...Simone Verri will be head of Emea structured credit products, while Jeroen Rombouts will lead Emea investment grade capital markets and risk management, and Jonathan Fine will head global investment grade...
...Rick Rieder, chief investment officer of global fixed income at BlackRock, which manages $9.4tn, said he had become more pessimistic about the state of the US economy in recent weeks....
...that made the rest of us think and enabled us to move forward”....
...Insurance companies like Prudential, MetLife and Allianz may push deeper into the alternatives market by striking investment partnerships with large private capital groups, or by acquiring them outright....
...One thing to start: 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...
...Geraci argued that banks and insurance companies should be most concerned about BlackRock’s entrance into the buffered ETFs market because they offered structured products, which can offer similar pay-off...
...“The annuity is an insurance policy against outliving one’s assets,” said Brendan Curran, SSGA’s US head of defined contribution....
...dominate US and global indices....
...Further reading:— What’s going on with US car insurance? (FTAV)...
...“A very good friend of mine who’s in the area ran through all the risks and challenges about where to set up his company’s data centre site,” Bennett said....
...The cash position at Berkshire is there to earn high returns opportunistically and to ensure the insurance companies are never caught short of funds....
...Five big global insurers and Lloyd’s of London, the insurance market, have quit the Net-Zero Insurance Alliance as growing US political pressure and legal fears plunge the climate initiative into crisis....
...But in the US, for whatever reason, insurance and banking do not grow together very well....
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