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...The Tories are eager to build on cuts in national insurance in two successive Budget rounds as they seek to address the rising overall tax burden....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...“This fire sale can easily destroy hundreds of millions of euros in value,” a person familiar with the concerns warned....
...Last year’s $6bn sale of the Washington Commanders to former Apollo Global Management co-founder Josh Harris set a record for most expensive sports team sale ever....
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...The only sure-fire way to keep a lid on insurance costs in risky areas is for governments to put more effort into climate mitigation strategies and support for retrofitting, including for flooding, subsidence...
...I’m paying for that when I pay my insurance. Consequently, I think the American public is getting it, understanding it....
...Robinson, a life-long golfer, joined Chenault and some others for two back-to-back rounds at the Augusta National course two years ago....
...United and American also wrote letters in January 2023 to oppose the rule, saying they already furnished consumers with information on fees....
...“The benefits [of Leqembi] are modest and the risks are well-documented,” said Madhav Thambisetty, a senior investigator at the US National Institute on Aging....
...Such insurers tend to hold a higher proportion of illiquid assets, and the fund has urged national regulators to consider the risks to the wider financial sector....
...And one thing to start: Adam Neumann, the co-founder of WeWork, has submitted a conditional bid of about $600mn for the bankrupt co-working company he led until 2019, according to three people briefed on...
...Last month, Wegovy received FDA approval to help reduce heart attack and stroke risk in patients with cardiovascular disease, enabling it to be covered by insurance for the more than 50mn Americans on Medicare...
...John Kirby’s elevation to White House national security communications adviser with a new mandate to improve co-ordination and synchronisation of US messaging efforts offers a window of opportunity to work...
...National General implemented rate increases at 10% in 2022 and an additional 12.8% in 2023....
...Bristol Myers Squibb is working on contingency plans to “protect the continuity of supply” of medicine in preparation for draft US legislation seeking to restrict Chinese pharmaceutical companies over national...
...Intercontinental Exchange founder Jeffrey Sprecher and his wife, former senator Kelly Loeffler, are also co-chairs, as is World Wrestling Entertainment co-founder Linda McMahon....
...According to the Health Transformation Alliance, a co-operative of American employers seeking cheaper healthcare, the use of anti-obesity drugs among its members was 64 per cent higher in 2023 than in 2022...
...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....
...The funding crisis in England’s local authorities is “forcing them to the pawnshop” in a fire sale of assets....
...Big private equity-cum-asset managers buy insurance companies (see also: Apollo/Athene, Brookfield/American Equity) not to cross-sell, but to gain a source of stable capital....
...In Colombia, the government 10 days ago declared a national disaster, releasing resources to tackle forest fires that raged across the country....
...The commercial agreement represents “a starting place to define the contours of the government-to-government co-operation and partnerships”, said a person familiar with the UAE’s thinking....
...European football has become increasingly popular with US investors in recent years, with Americans now owning stakes in dozens of clubs....
...Hankey may be playing with fire again....
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