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...He was most recently chief executive of American Equity Investment Life, which was just acquired by Brookfield for $4bn....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...That, AM Best reportedly argued, left the market and insurance customers relying on outdated information and left the company at risk of breaching its own policies on prompt publication....
...“We’re crazy about Wisconsin,” said Liz. “We love it here.”...
...About 45 per cent of the assets of private equity-linked US insurance companies are allocated to illiquid strategies including structured credit, mortgage loans and mortgage-backed securities, compared with...
...However, Fox’s net income jumped to $704mn, compared with a net loss of $50mn a year ago when the company paid nearly $800mn to settle a lawsuit brought by voting company Dominion about its role in peddling...
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...But some of Hankey’s companies have been accused of being dishonest with their customers, too....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...But it did ensnare mining companies in the endless red tape of licence applications....
...Now the world’s largest tea company owns zero plantations, and just has to worry about ensuring its suppliers adhere to its new ESG standards....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...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....
...Targets have so far ranged from big international companies such as miner Anglo American to groups including International Distributions Services, the owner of Royal Mail....
...News round-up BHP says Anglo American deal structure is not a negative reflection of South Africa (FT) Blue Owl targets infrastructure investors in hunt for acquisitions (FT)...
...The latter two are considered “core services”, because rent costs can be sticky and Americans don’t necessarily pay increases in owners’ equivalent rent in real time....
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...Laura Hughes, its manager for general insurance policy, said the government should “guarantee that flood prevention and resilience measures are considered in all planning decisions and building standards...
...Alternatives include the “Uniform Task-Based Management System” codes, developed by the American Bar Association for different types of legal services....
...On a standard model, households might save some of the money in anticipation of future tax increases....
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