Hints and tips:
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Mark Hartigan, the chief executive of UK life insurer LV who led management’s failed attempt to demutualise and sell to US private equity company Bain Capital, has resigned....
...He was previously CFO of rival Reliance Nippon Life Insurance. Goldman Sachs’ global co-head of industrials investment banking Clare Scherrer is leaving, per Bloomberg....
...They are looking for a long-term, not temporary solution to their unsatisfactory life in China.”...
...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...
...In the US, Mass Mutual-backed Haven Life has been going for almost three years, selling term life insurance to millennials....
...Reflecting a desire to (i) protect against no improvement in trading for 18 months, (ii) enable the company to support stakeholders to their mutual advantage and (iii) retain full operational flexibility...
...Other beneficiaries include: Canadian pension funds, mutual funds, insurance companies — and a pair of former investment bankers....
...A $2.3bn mutual fund sought offers on more than $1bn of mortgage bonds on Sunday after losing more than 30 per cent of its value last week....
...From what we see,the company’s current approach to fixed-cost allocation is completely appropriate, but the effects are magnified by effectively being a one-product company....
...Rodney Cook has quit as chief executive of Just Group after a turbulent year for the life insurance company....
...Politicising accounting standards is a terrible idea that will come back to bite, says the chair of the US Federal Deposit Insurance Corporation from 2006 to 2011....
...Equity, bond and credit mutual funds all had material outflows this week while money market funds had the biggest inflows on record, at $137bn....
...Old Mutual has fired its chief executive Peter Moyo, a month after suspending him over a conflict of interest relating to a private equity company he founded called NMT Capital....
...; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...But it is not the only insurance company with a financial interest in sport....
...But then Bogle made a fateful mistake, merging Wellington with an aggressive young mutual fund company in Boston....
...Talking to The Boston Globe three years after Vanguard rolled out the first index mutual fund in 1976, Fidelity’s then chief executive Ned Johnson said: “I can’t believe that the great mass of investors...
...It’s a life — sure, you’re still breathing — but is it a quality of life?”...
...The Scottish Widows’ Fund and Life Assurance Society, Scotland’s first mutual life insurance office, opened for business in January 1815....
...Japanese insurer Fukoku Mutual Life has started to use an AI system developed by IBM in its claims department, while McKinsey forecasts that between 2015 and 2025 some western European insurers will cut...
...Anbang had raised money by selling life insurance products that could be considered investment products in disguise (a typical short-dated universal life policy might mature in two to five years)....
...For most of its 192-year history Standard Life was just that — a fairly standard life insurance company selling ordinary products from annuities to savings schemes....
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