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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....
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...The increase was mostly due to higher adjusted pay and benefits, according to the company’s earnings commentary....
...Many customers are buying weight-loss drugs outside insurance schemes as obesity is not a widely covered condition in the US....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...Elkins said any legislation should ensure existing contracts are allowed to run to their end to give “all manufacturers the opportunity to move manufacturing appropriately”....
...McKinsey has faced repeated claims that its work for Purdue Pharma, the maker of OxyContin, and other drug manufacturers contributed to the US opioid crisis by advising the companies on how to boost sales...
...“Everyone is buying and stockpiling,” said Luís Simo, a corporate supply chain manager for Peru, Colombia and Ecuador at Confiteca, a confectionery manufacturer....
...More than half of all American households and 116mn of the country’s 333mn residents hold shares in at least one mutual fund. “The mutual fund has democratised investment....
...American Airlines ordered another 85 A321 neos from Boeing’s rival Airbus, and 90 E175 aircraft from Brazilian aerospace company Embraer....
...Smiths announced in late March that Paul Keel, an American, would leave the company immediately after less than three years in charge....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...JetBlue’s results brought a group of airline stocks lower with American Airlines, Delta and Southwest down 3, 0.4 and 0.8 per cent, respectively....
...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....
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...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...
...The PLD impact assessment estimated annual payouts from the reformed system could reach €217mn and insurance costs for companies rise around 10 per cent....
...The insurance sector is expecting a hefty bill....
...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....
...Policymakers who see the Chips Act as an insurance policy against geopolitical shocks believe it is already paying dividends....
...Despite Sandoz’s incursion into Humira’s territory, generics manufacturers remain cautious in their optimism....
...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
...“TikTok’s loss, despite its massive lobbying machine, sets a troubling precedent for other Chinese companies seeking to stave off regulation, such as drone manufacturer DJI.”...
...Just eight of these though are North American, where markets are already highly concentrated....
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