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...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 UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...According to filings with insurance regulators reviewed by the Financial Times, the unit ultimately bears much of the risk that individual Berkshire insurance subsidiaries take....
...Capitalism is amazing....
...When an AI-powered doctor tells you that you’re just being hysterical, the AI-powered insurance company is unlikely to disagree....
...With the season ending up a mild one, the decision helped propel the insurance business to one of the best underwriting profits in its history....
...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...
...(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...
...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...
...But it will be companies with large health insurance divisions such as UnitedHealth not traditional retailers, that will have the best shot at capturing more of that $4.5tn pie. pan.yuk@ft.com...
...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....
...Berkshire reported solid earnings in the first quarter, driven almost entirely by improvements in its insurance businesses as well as a boost from higher interest rates....
...That includes pension funds, asset managers, clearing houses and insurance companies....
...It’s amazing to think quite how recently private capital management was a pretty-much-nothing industry. Back in 2003, the entire sector’s AUM was less than $500bn....
...Vice-chair Ajit Jain, who runs the insurance operations, only joined for the first part of the day....
...Combs’ background is insurance; the 53-year-old got his start at Progressive....
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
...(In a speech of amazing gracelessness, Nigel Lawson, the reforming chancellor of the 1980s, was credited with almost nothing....
...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....
...Lachlan Murdoch, Fox chief executive, on Tuesday said the new service would “provide passionate fans outside of the traditional bundle an array of amazing sports content all in one place”....
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