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...The chief executive of Lemonade has criticised “naysayers” that predicted the lossmaking insurance start-up would go out of business after it reported a small rise in its cash and investments in the second...
...These types of asset-backed debts have become hotly coveted in the private capital industry as large managers such as Brookfield, Apollo Global and KKR manage insurance-based investment assets, generating...
...The insurer is arguing in Australian proceedings that the credit insurance was invalid because of misrepresentations from Greensill....
...NYCB bought the operations of Signature Bank, another lender that collapsed last year, in a deal arranged by the Federal Deposit Insurance Corp....
...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...Barings has raised billions of dollars for its private credit strategy from investors including Staffordshire County Council’s pension fund and a fund that invests the money of Ohio schoolteachers....
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
...Cigna is in talks to merge with Humana in a deal that would create a US health insurance giant worth $140bn and provide a significant test for antitrust authorities, according to people briefed about the...
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...deposit insurance fund had to cover, from the bank failures last year....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...The full list of award winners is available here....
...Federal Deposit Insurance Corporation....
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...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...Lyft’s insurance cost per trip is about $2.43, or 50 cents per mile....
...Companies are looking at legal like they look at any other part of the business, with the same kind of rigour and [key performance indicators] and metrics.”...
...Sherrod Brown, a Democratic senator from Ohio, called for the FDIC’s inspector-general to conduct an independent investigation into the workplace culture of the agency....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...GM, LGES’s joint venture partner in an Ohio battery plant and two more under construction, said on Tuesday it was slowing its EV strategy to focus on profitability and delaying production of several models...
...Smart reads China exit Wealthy Chinese are moving billions of dollars out of the country by buying everything from overseas luxury apartments to insurance policies and gold bars amid growing concerns about...
...Profits may be hit by additional fees as part of the Federal Deposit Insurance Corporation’s plan to recover losses associated with rescuing Silicon Valley Bank and Signature Bank last year, most of which...
...limits of the identified policies were in excess of any other insurers underwriting trade credit insurance in the Australian market”....
...In 2009, Mnuchin led a group of private equity investors that bought IndyMac, a mortgage lender that failed in the 2008 financial crisis, from the Federal Deposit Insurance Corporation....
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