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...Aspen is owned by private equity group Apollo and sells insurance and reinsurance through the Lloyd’s of London market as well as in Bermuda and the US....
...H&F has invested in business services companies such as advertising agencies, advisory firms and insurance brokerages for decades....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...And the big oil majors (Exxon, Conoco, Chevron) don’t look very cheap relative to the profit and revenue growth the street expects right now....
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...“This is a big loss. He’s in his 90s and investors are going to be focused on what does this mean for his day-to-day activities and functioning.”...
...Extended — and paid — paternity leave has become a focus for big employers, such as Morgan Stanley, the bank, and law firm Allen & Overy, among others....
...of Athene, Apollo’s life insurance and annuities subsidiary....
...big companies” rather than smaller groups....
...Since the collapse of several large US regional lenders last March, Blackstone has been buying assets from banks and managing them on behalf of its credit and insurance clients....
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...For its part, Apollo notes that fresh investment in annuities and life insurance had been moribund for years — until it got involved....
...Others blame a reorganisation in which the bank cut thousands of jobs and slashed bonuses last year, Solomon’s second big overhaul since taking the helm less than five years ago....
...The use of insurance capital and private credit is just the latest example of blue-chip companies pairing up with alternative asset managers....
...Apollo keeps 25 per cent of the loans and shares the rest. And in 2021, Apollo fully merged with Athene Holding, the annuity insurance company it created in the wake of the global financial crisis....
...Rauner continued to lead the remaining firm, which was renamed GTCR and mostly focused on midsized buyouts in financial services, healthcare, business services and technology....
...The response to such pressure is likely to be consolidation — either with peers or by buying specific products and services. This is already happening....
...One big thing to start: Due Diligence Live is back....
...Unlike typical sovereign wealth funds created when countries have budget surpluses, the original bill enlisted pension funds — the Government Service Insurance System and the Social Security System — to...
...including the Big Four”, according to a finance ministry statement....
...We don’t know how big those problems are, and we don’t know whether these tests make a meaningful difference to cancer mortality.”...
...It has been a big learning curve.”...
...All of us can do something,” Marcos said....
...The Federal Deposit Insurance Corporation and its advisers are considering sales of the entire SVB or specific assets or businesses of the failed bank....
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