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...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...
...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...He previously worked at insurance group Aviva for more than a decade....
...“MultiChoice will become part of a global entertainment leader, with Africa at its heart, which is capable of competing and co-operating with the largest international media companies, streaming platforms...
...Insurance premiums for some ships traversing the region are increasing. Maersk also announced it would reroute ships around the Cape of Good Hope....
...Although people have been creating new methods to “analyse and crunch numbers for decades”, said Amrit Santhirasenan, chief executive and co-founder of insurance start-up hyperexponential, “Excel has been...
...The insurance sector is expecting a hefty bill....
...However, it remains unlikely that shipping companies will return to the Suez Canal, security experts say. 4....
...Oh, and the Red Sea and Suez Canal aren’t the only pain points for container shipping! A severe drought in the Panama Canal also delayed shipping and raised freight costs late last year....
...So far, though, they haven’t deterred the Houthis or indeed made any noticeable impact on the rising prices of freight or insurance....
...targeted specifically at financial services companies, would capitalise on Cinven’s “proven track record” investing in the sector, said Caspar Berendsen, a senior dealmaker at the private equity house, who co-led...
...The marine insurance market has also seen a sharp rise in the cost of travelling through the Red Sea and Suez Canal as a result of a wave of attacks by Iran-backed Houthi rebels....
...And one thing to start: Adam Neumann, the co-founder of WeWork, has submitted a conditional bid of about $600mn for the bankrupt co-working company he led until 2019, according to three people briefed on...
...Risk appetite, geopolitics, charter party obligations, insurance costs and arbitrage economics, not just the naval presence, are driving their decision-making....
...The positive data will also be a boon to Eli Lilly’s efforts to push for more widescale coverage of the drugs by private insurers and US federal health insurance programme Medicare, which were both initially...
...The FT story on the deal quoted KKR co-CEO Scott Nuttall saying the following: “We are not doing this because we have to, we are doing it because we want to and this has been a home-run investment,” said...
...While KKR will soon raise flagship buyout funds in North America and Asia, it is seeing its fastest growth in newer businesses targeting credit, insurance and infrastructure-based investments, which are...
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...Worsening drought means the number of ships allowed to cross the Panama Canal each day will be slashed in the coming months....
...(Climate change affecting the Panama Canal is more worrying.) Yes, freight and insurance rates have risen sharply and ships previously destined for the Suez Canal are being rerouted around Africa....
...Michael Wise of the South Carolina insurance regulator said he was aware that his Bermudian counterparts were addressing issues at 777 Re, and that the state continued to “co-ordinate our efforts as necessary...
...However, most container ships are avoiding the route as well as the Suez Canal because of attacks by the Houthis....
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
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