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...So, too, last month: although deposit insurance was supposed to cover only the first $250,000 of SVB and Signature accounts, the government protected them all, at a cost of more than $20bn....
...News round-up Freshfields’ former tax partner sentenced to 3½ years in jail (FT) Zurich’s sale of $20bn life insurance book to PE-backed group collapses (FT) Sotheby’s cleared of art fraud in Russian...
...From 2000 to 2019, life expectancy at 60 rose by two years for both Indians and Americans, to 78 and 83 respectively....
...He and other local activists say they will step up their campaign to halt LNG developments by not just opposing their planning and licensing but also targeting the banks, private equity and insurance companies...
...“My whole life felt like some version of performing....
...Brookfield has offered to acquire American Equity Investment Life for $4.3bn, making it the latest private capital manager looking to expand in credit investing by adding retirement annuity and life insurance...
...It accused the project of being run not by Victoria University as agreed but by Phillips’s company Aristotle, of making too much money and of offering markets outside the scope of the agreement....
...AEL fired back at Brookfield, calling it a “direct competitor” that could not remain on the board because in 2022 it acquired a Texas-based life insurer, American National, for $5bn....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...“Of course it is emotional. Family life and professional life were mixed together, which meant we shared so much. That’s what I miss the most.”...
...Dim the courtroom lights, and you would have a real-life Texas noir....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...The player’s life or death drama broadcast live on television prompted president Joe Biden to ponder whether American football had become too dangerous. “I don’t know how you avoid it,” he said....
...Boland says the company now has 100 staff following two rounds of redundancies last year, which resulted in about one in four of its staff being laid off. But Boland is more upbeat about the future....
...Texas provides a striking example of the inroads private equity has made....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...She emerged from prison with a really sweet jailhouse braid and was met by Republican Congressman Louie Gohmert of Texas, who presented her with a folded American flag....
...The actors were a limited number of innovative companies. The outcome has been a fintech revolution....
...In the mid-1950s, the Supreme Court upheld Brown v Board of Education, a case that desegregated schools in the American South....
...Imposter syndrome is actually the human condition A bit of self-doubt is part of a healthy professional life, so why do we label it as a disease?...
...The weather is clearly changing and still people pour into Florida and Texas. What’s a couple of hurricanes and floods a year and high insurance when you got low taxes and rising property rates?”...
...Long before Yeti’s V Series stainless-steel cooler was being featured on Kim Kardashian’s Instagram, it was the brand of choice for fishermen in Texas and Florida because it “delivered a level of durability...
...New money flowing into Europe’s rental sector from institutions such as pension funds and insurance companies worldwide increased from $75bn in 2019 to $124bn in 2021; in the US it increased from $193bn...
...As was the case when it bought a fifth of American Equity Investment Life last October, the acquirer is stumping up to bulk up....
...of office life in the Swamp Notes newsletter....
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