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...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....
...Financial Times readers will recognise Apax as one of the UK’s biggest buyout groups, which has taken companies such as Tommy Hilfiger private....
...Hartford Financial Services, which writes far fewer home insurance policies, is down just 5 per cent. Some states limit insurers’ ability to raise premiums....
...Join us tomorrow for the first day of our Moral Money Europe summit, where Simon will kick things off by interviewing the EU’s financial services chief Mairead McGuinness....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...He also extended a $30mn loan to a company registered in the name of Epstein’s private pilot. The company, Plan D LLC, owned a Gulfstream jet....
...So far, the mainstream financial services industry has been spared any knock-on effects of the carnage in crypto markets....
...For motor services, computer vision has implementation far beyond insurance: Auto parts providers use Tractable’s scans to help them decide which salvage vehicles to buy, and rental companies use the technology...
...Why specialise in financial services when every industry is interested in data?...
...“Bringing every other instance of finance and all entities involved in the production of financial services under the financial sector regulatory perimeter would not be viable in most markets,” the report...
...try over and over to introduce payments and financial services....
...MoneyLion has added Even’s insurance and personal loan services into its banking app and hopes the company’s software offering will also bring new customers to its own products....
...Companies that sell software to insurance groups have also fared better....
...The insurance company carries little debt, and a lot of excess capital....
...The money will be used to help the company, which provides cycle insurance, to expand from the UK into the Netherlands. The funding brings the total raised to date to $6.4m....
...Campbell Steedman and Christopher Skipper have both joined the law firm’s corporate practice while Shibeer Ahmed joins the firm’s financial services division....
...Follow the money (2): Ping An, one of the world’s biggest insurance companies, and savings and investment marketplace Raisin, have invested in Joonko, a financial portal designed to help people choose savings...
...PG&E has warned that it could be subject to “significant liability” exceeding insurance coverage....
...However, those transactions — Hartford/Navigators, Axa/XL Group, AIG/Validus — involved strategic buyers, not private equity firms. Those deals were also more expensive....
...The reforms have seen more Saudi nationals enter the service industry at the expense of expatriates and the companies that employ them....
...and deep expertise in financial services.”...
...About $105bn worth were sold last year, down from $158bn five years earlier, according to the financial services trade association LIMRA....
...When Cornell Capital, a company started by a former Goldman Sachs executive Henry Cornell, bought the life and annuities business of The Hartford in December, in partnership with Bob Diamond’s Atlas Merchant...
...into difficulties during the financial crisis....
...After the financial crisis several companies, including The Hartford, ING and Genworth, wound down or exited their VA operations, due to hefty losses....
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