Hints and tips:
...Windsor joined Abrdn in October after holding the same role at housebuilder Persimmon. He previously worked at insurance group Aviva for more than a decade....
...Industry title Insurance Insider previously reported Aspen was planning a US IPO....
...Brookfield first took a stake in AEL in 2020, shortly after the insurer fended off an unsolicited takeover bid from Apollo’s annuities affiliate Athene Holding....
...Allstate’s holding company just caught its second credit downgrade to BBB+, three tiers above junk, this time from S&P Ratings....
...Fitch downgraded Allstate’s holding-company credit to BBB+ from A- earlier this year, citing “sharp underwriting result deterioration”....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...Progressive is holding up better, analysts at CreditSights say. But they are still downbeat on the entire industry....
...In the third quarter, Apollo marked up the value of its buyout holdings by 2.7 per cent, putting year-to-date gains at more than 10 per cent....
...Many rivals of Apollo Global Management were convinced that its merger with Athene Holding, its retirement annuities affiliate, would prove a strategic blunder....
...It was the tenth anniversary of its spinout from French insurance company Axa, a deal dubbed “the robbery of the century” by a rival, and likely the best deal of Senequier’s investment career....
...The growing gap between Endeavor and the value of its assets was made even clearer following the acquisition of talent agency rival CAA by Artémis, the family holding company of French billionaire François-Henri...
...Last month, Warburg seeded a new insurance group called Prismic that will use it to manage a portfolio of private equity investments. Warburg is also undergoing succession planning....
...But its speciality business agreed to insure thermal coal mining company Global Mining Holding Company, LLC, and its subsidiary Signal Peak Energy for up to $2mn, for the two years to November 2023, according...
...The insurance units are required by state regulators to invest the vast majority of their holdings in investment-grade rated debt, to safeguard policyholders....
...Allstate, the fourth largest property insurer in California, is also holding off on signing new policies....
...“There are a seemingly infinite number of end use cases, from judging insurance claims to improving agriculture....
...And in 2021, Apollo fully merged with Athene Holding, the annuity insurance company it created in the wake of the global financial crisis....
...The company was also fighting with insurance titan UnitedHealthcare over reimbursement policies....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...The standards for allocating this special assessment among banks and holding companies were written to give broad discretion to the FDIC....
...Many of those investments are attached to Athene Holding, the annuities company that Apollo founded in 2009, and with which it merged earlier this year....
...Apollo Global Management beat profit expectations in its first results since its merger with life insurance company Athene in January, a deal that dramatically transformed the private equity giant into a...
...Investment banks, hamstrung by new regulations like the 2010 Dodd Frank Act, were curtailed from holding risky assets such as low-rated debts, which has limited their ability to finance many deals....
...Gazprom-Media holding, both affiliates of state-run Gazprom....
...The reversal, disclosed on Monday, is a blow for Apollo, which had portrayed the hire as a vote of confidence in the private equity firm as it merges with retirement annuity company Athene Holding and seeks...
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