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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....
...The former US president’s team has spent “countless hours negotiating with one of the largest insurance companies in the world”, the lawyers wrote in a filing, citing a broker they hired, but have concluded...
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...Mutuals are run for their members. It’s high time the sector got the respect it deserves. Cara Spinks Head of Insurance Consulting, OAC, London EC2, UK...
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
..., West Virginia’s attorney-general, said after his state and others including Alabama and Georgia filed their case last month....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...Both Blackwater and PwC said one reason for mutual fund managers’ change of heart was the rapid rise of actively managed ETFs in the US....
...Gary Giulietti, an insurance broker for Trump, estimated his client would need to scrape together $557mn in cash equivalents and pay a fee of $18.5mn to cover a $464mn surety bond....
...The firm’s ETFs, the first of which launched in 2013, would “probably cannibalise some of the mutual funds”, Johnson said, but mutual funds would remain popular in the retirement channel, she added....
...was involved in its fair share of takeover battles....
...However, on Thursday, the New York attorney-general raised concerns about the validity of the $175mn bond....
...In response, the attorney-general’s office suggested that Trump could instead secure a series of smaller bonds that would cumulatively cover the judgment....
..., an attorney with law firm Vedder Price....
...to obtain the full amount from an insurance company....
...During his opening argument, assistant district attorney Matthew Colangelo described the “catch and kill” plot allegedly orchestrated by Trump and his inner circle to “conceal his and others’ criminal conduct...
...investments Berkshire Hathaway would make ahead of the market from public state insurance filings....
...That’s the power of the mutual fund.”...
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...The bond, which Trump had to post in order to pause the enforcement of the judgment while he appeals against it, was underwritten by the Knight Insurance Group in California, according to a filing to a Manhattan...
...managers will create a range of issues for the Barings’.”...
...Could this be the end for the mutual fund? We’re also reading . . ....
.../ From Donald I Baker, Assistant Attorney-General (1976-77), US Department of Justice, Washington, DC, US...
...After insurance payouts, the French group will book a non-recurring charge of $213mn before tax in the fourth quarter of 2023....
...The writer is a former chair of the US Federal Deposit Insurance Corporation and a senior adviser to the Systemic Risk Council Thoughtful shoppers distinguish between best price and best value....
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