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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...High spending on customer acquisition has been a concern for investors in Lemonade and other insurance start-ups....
...The company agreed last month to acquire Kuvare Asset Management for $750mn, extending its reach into the life insurance sector, a market coveted by many private investment groups....
...In 1951, he penned a column, “The Security I Like Best”, and picked Government Employees Insurance Company, or Geico, then chaired by his mentor at Columbia University, the famed investor Benjamin Graham...
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...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....
...operator BNSF and one of the biggest investors in the US stock market....
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...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...
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...Berkshire’s results are typically pored over by investors, given the company employs nearly 400,000 people and touches almost every part of the US economy....
...American workers do express more enthusiasm about their jobs than Europeans. Yet even in American companies, reported Gallup last year, “only about 30 per cent of employees are truly engaged....
...She dismissed the idea that investors could achieve positive impact by pushing tobacco companies’ management in a better direction....
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...HOLD: Card Factory (CARD) The company is making headway towards reiterated medium-term goals, writes Christopher Akers. There is life in the high street birthday cards model yet....
...the company enjoying the same amount of good will among investors and the public as Berkshire, if the company was run by anyone other than ol’ Uncle Warren?...
...It affected not just investors but millions of China’s gamers. A reconciliation will be good news for all concerned....
...Investors have seen Abel as a strong operator of Berkshire’s underlying businesses, helping improve margins and profitability at the company, a point Buffett credited him with on Saturday....
...They will also retain access to unfathomably cheap credit thanks to Berkshire’s insurance business, the firepower that makes the company so successful and one of the main reasons investors cite for keeping...
...company CATL and Latin American online marketplace Mercado Libre....
...A deal would give Boehly’s Eldridge Industries a foothold in the fast-growing market for lending to private European companies, building on its investments spanning insurance, asset management, technology...
...Its bid for Direct Line is pitched at over 10 times 2025 earnings, reason enough for Ageas investors to balk....
...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...
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
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