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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....
...was mutual....
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...The mutual fund company announced it is promoting Ted Maloney, its chief investment officer, to CEO as of January 2025....
...The increase was mostly due to higher adjusted pay and benefits, according to the company’s earnings commentary....
...NBFIs – like mutual funds, pensions and insurance firms – can die without summoning the end of days. Or so one view goes....
...The move is particularly notable, given that the Boston-based house created the world’s first mutual fund, the Massachusetts Investors Trust, in 1924....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...The loans are not just feeding Apollo’s wholly owned insurance operation, Athene....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...“There is something different about this moment,” says Damon Hart, chief legal officer at Boston-based insurer Liberty Mutual, winner of the 2023 FT innovative in-house legal team award for North America...
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...Active mutual funds experienced outflows of more than $50bn in the first three months of the year, according to Morningstar Direct, hurting large asset managers such as Capital Group, T Rowe Price and Franklin...
...Swiss banks manage an estimated $2.4tn of assets on behalf of the world’s richest people, according to a report by Boston Consulting Group this June....
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
...In recent years, its performance has been blighted by higher than expected compensation payouts linked to mis-sold payment protection insurance....
...Boston-based Liberty Mutual said in 2019 that it would not underwrite companies with exposure to thermal coal of more than 25 per cent....
...“JPMorgan Chase has been very effective at being in the right place at the right time when distressed sales were available,” said Eric Rosengren, former president of the Boston Fed....
...Couples who live in US states that allow workers to claim unemployment insurance when they move for a spouse’s job are 40 per cent more likely to move....
...The insurance sector is expecting a hefty bill....
...people & skills development Mayer Brown digital solutions Kirkland & Ellis knowledge & data Orrick, Herrington & Sutcliffe In-house Most innovative in-house legal team in North America Liberty Mutual...
...In 2008, Washington Mutual went down after haemorrhaging $16.7bn over nine days. This time, SVB’s depositors pulled out $42bn in 10 hours....
...The deal would also be a rare acquisition of a listed company by a mutual, which is owned by its more than 16mn members who have a current account, mortgage or savings with the company....
...Meanwhile, Swedish insurance companies have the highest holdings of stocks in the EU....
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