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...A significant part of the Signa group debt was provided by non-bank financial companies such as Dortmund-based insurer Signal Iduna, a midsized company with 12mn customers, mainly in health and life insurance...
...Then there is the Company School – work created for British and French administrators who took over when the Mughal empire faded....
...“They want to live the good life and when they’re dropping a lot on rent, it’s easier for them just to pick up and go.”...
...“With the central banks stepping back and insurance companies looking elsewhere . . . that marginal buyer of [US] Treasuries and gilts is going away,” says Waverton’s Carter....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...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....
...Family life and professional life were mixed together, which meant we shared so much. That’s what I miss the most.”...
...“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....
...Each of the 30 lorries apparently carried an insurance value of up to $200mn....
...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....
...It spent most of its life as a straightforward private-equity-backed insurance brokerage firm and expanded quickly through a series of acquisitions....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...Charlie loves his business and trucking life. He hopes to expand to five lorries. But you should hear him on France and the Gendarmerie. Henry V would blush....
...Meanwhile, Twitter is edging closer to accepting Elon Musk’s $43bn bid to buy the company....
...The fashion for Spacs — the empty-shell special-purpose acquisition companies that make it easier for private companies to float, with fat margins for sponsors — he deems “a collection of canaries flying...
...They are looking for a long-term, not temporary solution to their unsatisfactory life in China.”...
...Called Art Intelligence Global — or AIG, but not to be confused with the insurance company — they are joined by another former Sotheby’s senior staffer, Adam Chinn....
...Witnessing the old ledgers seemingly at random, letting the history and glamour just spill out, I felt like Howard Carter (or do I mean Howard Cartier?)...
...So a lot of that is coming from freezing national insurance thresholds, particularly for companies. But that ultimately goes into our wage packets....
...His father was a foreman in the shipping department of a garment trade company....
...As early as January 23, Carter Mecher, an impressive US epidemiologist, said “we are not going to be able to outrun it” and advocated targeted layered containment....
...So you have Suella Braverman coming out and saying people live the life of Riley, essentially....
...Job moves Jacqueline Hunt, a member of Allianz’s board of management in charge of Allianz Global Investors, Pimco and the group’s US life insurance business, is in talks about an early departure, two people...
...While theatre owners and companies welcomed the extra money ploughed into the sector, the Budget announcement did not address the lack of Covid-related insurance for big productions....
...Andrew Carter, chief executive, said: “I’d expect that a permanently reduced city centre footfall would lead to business failures and lay-offs for them.”...
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