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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...
...In recent years, its performance has been blighted by higher than expected compensation payouts linked to mis-sold payment protection insurance....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...the traditional way of selling ETFs, through banks or insurance companies....
...The wall of buying has Beijing’s fingerprints all over it as Central Huijin, an investment arm of China’s sovereign wealth fund, joined a raft of state-owned insurance companies and asset managers in buying...
...Much of this year’s cascade into money market funds in the US has been driven by retail investors rather than corporate treasurers, mutual funds and insurance companies....
...In 2008, it took Washington Mutual nine days to lose about 9 per cent of deposits. SVB lost $40bn in deposits, 23 per cent of its total, in a day. Deposits have also grown....
...The Central Bank of Ireland requires Ucits funds to include “Ucits ETF” in each sub-fund name if it offers any ETF share classes alongside mutual fund classes....
...Ever since, the promise of eye-watering returns has enticed pension plans, endowments, insurance companies, private banks and business tycoons to pump $5tn into the industry....
...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....
...“Today we issue close to 120,000 loans a day and over 200,000-250,000 insurance policies per day,” said Sanjiv Bajaj, chair of holding company Bajaj Finserv....
...By the time of the Hollywood era of Bette Davis and Mary Pickford — who in 1919 was the only woman among the founders of the United Artists production company — a new narrative was being presented....
...“The backstop [provided by the insurance sector to the world] will fail,” is what Robinson told staff at Swiss Re, one of the world’s biggest providers of cover for insurance groups....
...It took Washington Mutual nine days to lose $16.7bn, or about 9 per cent of deposits, back in 2008. Something has changed. So why not just insure all deposits?...
...This idea would make the central bank the monopoly supplier of money in the economy. Management of the digital payment system could then be handed over to technology companies....
...Tony — The most central cause of journalism is to hold power to account....
...Parliament is due to vote today on one of its central elements. Here are more details....
...These new vehicles provided individual and corporate savers with streamlined and simplified access to short-term wholesale interest rates through a closed-end mutual fund organised under the Investment Company...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Perhaps because it is an accounting body with a boring name, PCAF has been more successful at attracting members from the US, such as Liberty Mutual and MassMutual....
...Commended Liberty Mutual O: 7; L: 7; I: 7; Total: 21 The insurance company’s legal department is aiming to unify practice areas and encourage greater collaboration and agility in problem solving....
...“It’s like an insurance company that doesn’t pay out when you have an accident,” he said....
...“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.”...
...Either they must be like a mutual fund. So the value of your liabilities moved with the value of your assets....
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