Hints and tips:
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...“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 failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...“Your country needs you” pleads UK chancellor Jeremy Hunt to the over-50s, echoing the concerns of Jay Powell at the Federal Reserve about the “excess retirements” which have drained America of 2mn workers...
...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....
...It fell to her eldest daughter, the writer and novelist Doon Arbus, to deal with her still-emergent work as a pioneering photographer of postwar America....
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...“The fact of the matter is [that] this is far broader than just insurance brokerage,” Williams said, although he adds that insurance is likely to remain the company’s largest business line....
...That’s why the company is seeking to buy what it calls “mini-MatchMoves” in markets in central Europe, Latin America and the US, he said....
...Companies that sell software to insurance groups have also fared better....
...The plans included launching a business in the Philippines, where the bank has already started applying for a banking licence, and acquiring a payments company in Latin America....
...Meanwhile, Twitter is edging closer to accepting Elon Musk’s $43bn bid to buy the company....
...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....
...He hasn’t announced a blank-cheque deal since January, when his Social Capital Hedosophia Holdings Corp V announced a tie-up with the digital lender SoFi....
...Profiles researched and compiled by RSG Consulting and FT editors WINNER: Bennett Borden Partner, Faegre Drinker Biddle & Reath Litigator Bennett Borden, who has won an Innovative Lawyers 2020 award,...
...two weeks ago announced a merger with its insurance affiliate, Athene....
...Markets The Bank of England’s quantitative easing programme has made it the biggest holder of UK government debt (gilts), overtaking overseas investors and pension and insurance companies....
...Japanese insurer Tokio Marine has said the insurance policies at the heart of the Greensill Capital collapse may not have been valid, as investors pressed the company to detail its exposure to the lender...
...It said companies were facing challenges bringing staff back to work, because of health concerns, the difficulty in obtaining child care, and “generous unemployment insurance benefits”....
...The V-shaped recovery in consumer spending feels too bullish in our view....
...Our insurance team’s favorite life companies are Prudential and ASR We remain overweight of P&C Defensive: The sector should be agnostic to the cycle (having no correlation with HY spreads and PMIs) yet...
...company in the country.”...
...in America....
...Institutions such as Daiichi Life, a Japanese insurance company, and individual investors have invested in the bonds....
...Beto O’Rourke, the former congressman from Texas, would maintain a role for both the public and private sectors with “Medicare for America”. Most US voters are confused....
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