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...The company confirmed that insurance costs are, in most markets, the largest component of cost of revenues (and cost of revenue is currently running at almost 70 per cent of revenues, versus less than 20...
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...That’s why the company is seeking to buy what it calls “mini-MatchMoves” in markets in central Europe, Latin America and the US, he said....
...The company counts banking and technology heavyweights including Bank of America, HSBC, Barclays, Intel, ING, and UBS among its shareholders....
...’s Chase and Bank of America....
...It’s America’s fault, of course. Its cultural hair trigger on a lawsuit has created a lasting impression of rampaging lawyers bringing frivolous claims against hard-pressed US businesses....
...SoftBank has appointed Eduardo Vieira as head of communications for Latin America. He joins after working as a founding partner of Brazilian digital PR agency Ideal....
...Poppy Trowbridge, former director of communications for the Chancellor of the Exchequer at HM Treasury, has joined Lazard in London as its senior vice-president of communications for UK investment banking...
...Automation an automatic choiceJapan Inc has found a new purpose for automation: business continuity in the uncertain era of Covid-19....
...Its Athene insurance company — built to profit from the disruption of the 2008 crisis — was Rowan’s brainchild, Black has said....
...The $760bn-in-assets conglomerate is skewed towards financial companies — it owns large insurance companies, such as Geico, outright and stakes in many of America’s largest banks — and industrials....
...Matthew Benson has joined Silver Lake as a managing director and head of communications after two decades at Sard Verbinnen....
...The Uber/Lyft proposal is inadequate and falls woefully short of the protections gig workers are entitled to under current law,” said Steve Smith, communications director for the California Labor Federation...
...There’s a longstanding perception that America needs a minimum of four wireless companies for healthy competition....
...In recent years it’s become a bustling marketplace for trade in the shares of banks, insurance companies and even distressed debt....
...The FT’s John Gapper thinks Buffett may have been blinded by his love of America and everything American....
...The status of the workers who provide the services offered by so-called gig economy companies such as Uber has been a point of contention for many years....
...It currently ranks among the largest in that segment, alongside UBS and Bank of America Merrill Lynch....
...Then as now, traditional companies misdiagnosed the challenge. Lack of scale is not the cause of their struggles. Rather, it is a symptom of their real affliction....
...Corporate communications group Headland has appointed 10 Downing Street’s current head of strategic communications Ben Mascall as a director....
...In a 21-page litany of complaints, it accused Uber of misleading authorities in written communication and failing to accurately answer questions about its model for accepting trips....
...Cebile Capital, a private equity placement agent, has hired Steven Westerback as president, head of the Americas....
...Lloyd’s of London swings into the red Lloyd’s of London reported its first loss in six years as a series of natural catastrophes took their toll on the insurance market....
...Another person said that Fox was effectively putting itself up for sale and that the likes of Verizon, the US telecom group, Charter Communications, the US cable company, and internet giant Amazon could...
...Citigroup named Robert Parr and Erik Arveschoug as co-heads of the communications group within its corporate banking division....
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