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...A significant part of the Signa group debt was provided by non-bank financial companies such as Dortmund-based insurer Signal Iduna, a midsized company with 12mn customers, mainly in health and life insurance...
...at the V&A....
...Class-B shareholders (who will account for up to 99.93 per cent of the share capital) are also blocked from nominating board members and have their ownership capped at 10 per cent, above which there’s a...
...Space-age design II Up 1 (1969) Created by Gaetano Pesce for B&B Italia, this vacuum-packed foam chair came flat....
...A train company might be the only operator that can take you from A to B (though some days you might be quicker walking)....
...That makes Taming the Street, a new book by Diana B Henriques about the founding years of America’s primary securities regulator, particularly timely....
...Then, starting in 2013, Gilead of the US delivered a series of breakthrough treatments for hepatitis B....
...The group owns 48 per cent of HDFC Life, its life insurance business, but HDFC Bank would either become a majority shareholder or limit its stake to less than 30 per cent after the merger, said Parekh....
...I reached out to each of the eight firms with Coinbase, and asked them what their Plan B was, as a back up. Only two responded....
...In this version of London, Soho House members club has turned Richard Rogers’ former Lloyds Insurance building into a multistorey, 24-hour nightclub....
...According to the IMF, almost 10 per cent — $850bn — of US life insurance assets were owned or managed by private equity firms by the end of 2021....
...The high street department store FW Woolworth folded in 1997, but the spun-out B&Q remains a key part of Kingfisher....
...So that’s probably for me, it’s having that room within my budget as a limited company director....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...And on top of that, because this market is now so big and because it’s become so interconnected with the rest of the financial system because of the involvement of pension funds and insurance companies and...
...Unscripted: The Epic Battle for a Hollywood Media Empire by James B Stewart and Rachel Abrams (Cornerstone Press/Penguin Press) An extraordinary account of the real-life Succession saga that unfolded around...
...The third thing is that annuity sales have gone up for life insurance companies. Remember that when rates go up, annuities pay a higher return....
...“We are creating a potential bubble within US life insurance,” one insurance executive said. “It is a critical story for the US insurance industry to work out.”...
...Perhaps the most amusing piece this year was James B. Stewart’s examination of the apparently dodgy goings-on at high-end New York wine seller Sherry-Lehmann....
...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....
...Family life and professional life were mixed together, which meant we shared so much. That’s what I miss the most.”...
...“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....
...“Plan B is being sold as a quick fix,” said Kristan Hawkins, Student for Life Action president....
...“Making money is art and working is art,” wrote Warhol in his 1975 book The Philosophy of Andy Warhol: From A to B & Back Again, a stream of consciousness on the contemporary world....
...There’s a lot of people competing to take you from point A to point B, and the costs of that business are very far from negligible....
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