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...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...Kathleen Donnelly KC acted for 555 sub-postmasters in a 2019 High Court case, known as Bates v Post Office, that led to revelations the company had pursued thousands of people between 2000 and 2014 with...
...Terminal V did not respond to a request for comment....
...Kristin Carlson is planning her first home purchase near Boise, Idaho, where she currently rents....
...It is also not clear if Trump would put any of the money from that company into his campaign, but he could use the proceeds to pay his legal fees....
...Dish Network chief executive Erik Carlson is to step down....
...They are growing fastest away from their core private equity business with large private credit and insurance operations....
...Royal Insurance merged with Sun Alliance in 1996. Turning to the 2023 list, HSBC bought the Midland Bank in 1992....
...Kidwell Funds Enterprise at the Carlson School of Management at the University of Minnesota oversees $47mn in capital split between a fixed income and an equity-based growth fund, with money contributed...
...Arrival is merging with Kensington Capital Acquisition Corp V, paying a huge premium in order to add $300mn to its balance sheet. It is a desperate move that is unlikely to trigger a Spac revival....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...They say that the fees they can charge in most cases are capped at about €7,000 and are often paid by their clients’ insurance. “It’s cost intensive,” said Cäsar-Preller owner Joachim Cäsar-Preller....
...“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....
...Engi bought the 92-hectare Broadridge Farm in 2019 and soon after co-created Dayshul Brake with her neighbours, farmer Olly Walker and forester Val Green....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...“Although you can control a museum during your lifetime, it becomes very difficult after you’ve gone, and then there are the considerations of insurance, access and conservation.”...
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...As always you can reach me at sid.v@ft.com....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...A huge chunk of that — Rs205bn — came from the sale of a 3.5 per cent stake in state-run Life Insurance Corporation (LIC) in May through a long-delayed initial public offering....
...Each of the 30 lorries apparently carried an insurance value of up to $200mn....
...It wouldn’t accept insurance or take money from pharmaceutical companies. And it would have its own medical advisory council as an alternative to the US Centers for Disease Control and Prevention....
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