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...“The portfolio has been diversified in consumer goods and services.”...
...But co-founder and chief executive Daniel Schreiber told the Financial Times that the results, which included a small increase in its cash and investments, from $942mn at the end of the first half to $945mn...
...But regulators are studying the liquidity risks being stored up in these strategies, and the potential spillover effects for the wider financial sector....
...Lawyers’ fees account for just over half of the cost, with another third paid to insurance advisers....
...The deal under discussion would see Brookfield invest more than $1.5bn to buy a majority interest in Castlelake and make a large investment in its funds, three people briefed on the matter told the Financial...
...It prompted the FCA to call on insurance chief executives to deal with outstanding disputes in the “cheapest and quickest way possible”....
...According to filings with insurance regulators reviewed by the Financial Times, the unit ultimately bears much of the risk that individual Berkshire insurance subsidiaries take....
...Jeremy Hunt has warned the Financial Conduct Authority against its plan to “name and shame” companies under investigation in an unusual broadside against the UK’s top financial regulator....
...But Berkshire did not permanently increase its performance edge on the S&P in the years surrounding the great financial crisis....
...Athora said it remained “committed to further growth in the German savings and retirement services market” while Axa said it will now retain the business, but had separately entered into a new reinsurance...
...And the clients get a good deal because they get closer to the asset and there’s less intermediation occurring. Our view is that that is holistically a good thing for the financial system....
...“I am concerned that this trend in insurance investment may mirror the risk-taking behaviour financial institutions undertook that led to the financial crisis and had spillover effects across the economy...
...That includes pension funds, asset managers, clearing houses and insurance companies....
...” seeping into the wider financial sector and economy....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Ari Emanuel and James Cameron threw their weight behind Skydance’s bid for the conglomerate as it tries to fend off a rival approach from Apollo and Sony Pictures....
...But debt markets present a bigger opportunity than equity markets and insurance has proved to be a reliable source of fee-paying permanent capital....
...And at the very least they add diversification to the financial ecosystem. But do they?...
...This is a test of the government’s commitment to support financial services. Lloyd’s may not get the attention its near-quarter share of City GDP deserves....
...“Gap insurance can provide a useful service to customers, but in its current form it does not offer fair value and we want to see improvements,” said Sheldon Mills, executive director of consumers and competition...
...Often, travel insurance is included either as an extra benefit or service through your bank or credit card company as part of a package of services for which you pay a monthly or annual fee....
...The efforts that have drawn Tuckwell’s ire include the launch of the retail-focused WisdomTree Prime digital wallet service and the relatively weak debut of the manager’s spot bitcoin ETF in January....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...But he’s no private equity hater (Kjær was the first NBIM head to ask for PE to be added to its mandate) and the presentation raises some interesting points at an interesting juncture of the financial cycle...
...most of the rise in transportation-services costs: car insurance!...
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