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...By early April, however, none of Gatik’s ships held insurance from any of the recognised large mutual providers....
...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...
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...Companies are looking at legal like they look at any other part of the business, with the same kind of rigour and [key performance indicators] and metrics.”...
...The company has raised $500mn from investors since being created and has signed partnerships with AstraZeneca and life insurance companies such as Discovery and Massachusetts Mutual....
...The outlook for US initial public offerings from Chinese companies has soured in the past few months amid mutual recriminations over the sharing of sensitive data and a crackdown on large private companies...
...Ever since, the promise of eye-watering returns has enticed pension plans, endowments, insurance companies, private banks and business tycoons to pump $5tn into the industry....
...The US government has asked JPMorgan, PNC and several other financial groups, including a handful of non-bank investment firms, to bid for all or part of First Republic, as US regulators try to determine...
...Commended Liberty Mutual O: 7; L: 7; I: 7; Total: 21 The insurance company’s legal department is aiming to unify practice areas and encourage greater collaboration and agility in problem solving....
...Apollo Global and KKR have both acquired large insurance operations over the past 18 months, as they use large corporate balance sheets to support their growth....
...The Association of Financial Mutuals, a trade body, called on the board to respond to the “strong dissent” of members by taking a different path, either remaining independent or merging with another mutual...
...Warren Buffett’s insurance/energy/railway/equity mutual fund mega-conglomerate thingy has been a mild but chronic underperformer for many years....
...“We’d never operated that way as a company,” says Doug Lankler, general counsel at Pfizer. That raised the question of what the lawyers do to facilitate it....
...LV said the Bain transaction would result in an additional £212m of capital being distributed to members on top of the pot gained from the sale of LV’s general insurance business to Allianz in 2017 and 2019...
.... ©2021 Nikkei Inc....
...A version of this article was first published by Nikkei Asia on October 11 2021. ©2021 Nikkei Inc....
...“Adoption is accelerating with insurance companies and other institutional investors.”...
...American International Group, the insurance company that was a pioneer in the business, has made billions of dollars in profit out of housing tax credits, according to a lawsuit filed in 2017 by several...
...The Chinese government also last year began allowing foreign businesses to fully own their mutual fund companies, which BlackRock gained initial approval for in August....
...Other investors backing the launches included Temasek, Sura Asset Management, Varma Mutual Pension Insurance Company, Profuturo Group, FM Global and RenaissanceRe....
...China’s mutual fund market, with Rmb20.1tn ($3tn) of assets under management, may not be for the faint-hearted....
...But equally important are the public investments — stakes in companies such as Apple and Bank of America — that make Berkshire more akin to a mutual fund than a regular business....
...More interesting is the appointment of Finke. Barings is a subsidiary of MassMutual, the US insurance company that happens to be Invesco’s largest shareholder....
...In Germany, companies such as Siemens, the industrial group, and SAP, the software company, have rolled out remote working at scale for staff....
...regulated insurance companies to invest their capital efficiently....
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