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...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...to offload IT to Silicon Valley’s biggest technology groups....
...The group had already agreed about £930mn of debt deals in the past year, with lenders including Citi, Standard Chartered, Starwood and CBRE Investment Management....
...Legal & General did £3.2bn of deals last year, Just Group £0.4bn in the same period and Pension Insurance Corporation a cumulative total of £2.5bn as at June last year, while Rothesay does not do any, according...
...Lloyds Banking Group plans to cut jobs in risk management after an internal review found the function was a “blocker to our strategic transformation”....
...International hotel groups are stepping up plans to add independent hoteliers and smaller brands to their European franchises as they seek to capitalise on soaring demand for travel amid high construction...
...The group said its motor business had now “turned the corner” as it pushed up prices, adding that policies sold in the second half were estimated to achieve a net insurance margin — a new measure which calculates...
...New York’s ‘skyscraper queen’: Darcy Stacom, one of the most powerful figures in New York City real estate, is leaving brokerage CBRE after 22 years in a further sign of the crisis upending the sector....
...Total returns for the group’s shares have underperformed the Stoxx 600 insurance sector by a third over the past three years....
...Days later, the group voted against Quinn’s re-election at the bank’s annual general meeting, according to people familiar with the situation....
...The British Property Federation industry group has written to chancellor Jeremy Hunt, pressing him to alter plans announced in the March Budget to abolish multiple dwelling relief on stamp duty that are...
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...The events, executives say, amount to the biggest challenge yet to private capital groups’ foray into the life insurance sector....
...The world’s largest buyout groups, whose ascent in the fund management industry was underpinned by the use of junk-rated loans, are placing low risk lending at the heart of their growth plans....
...manager and adviser to other insurance groups....
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...Industry groups contend there is no need to change the current system....
...A surge in insurance prices has repaired damage to its underwriting margins....
...Another option is insurance....
...In today’s newsletter: Spanish group in Europe’s biggest IPO of 2024 SocGen trading “incident” Berkshire’s insurance business after Ajit Jain Puig calls time after three generations For 110 years, the...
...The group has hailed recent momentum in the US, where it says it has sold record numbers of individual life insurance policies this year while cumulative volume from bulk pension deals since 2015 has passed...
...A group of investors has launched a £100mn fund to help finance the electrification of London’s iconic red buses....
...Axa’s new strategy and bet on rising commercial insurance prices marks a shift from the group’s last three-year plan, which focused on building up health insurance sales....
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