Hints and tips:
...Cigna chief executive David Cordani said the company remained “financially disciplined” and “will consider bolt-on acquisitions aligned with our strategy” in a statement on its share repurchase programme...
...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...
...One thing to start: 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...
...News round-up General Atlantic takes first step towards potential US listing (FT) Cigna pulls out of blockbuster deal to create insurance giant with Humana (FT) Occidental Petroleum agrees $12bn deal...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...The exhibition was restaged last September by David Zwirner and Fraenkel galleries at Zwirner’s West 20th Street space in New York City....
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...In 2016, the answer was clear when talent agency and media conglomerate Endeavor bought the company for $4bn, netting White $360mn. The deal stipulated he keep running the company....
...“The fact of the matter is [that] this is far broader than just insurance brokerage,” Williams said, although he adds that insurance is likely to remain the company’s largest business line....
...As ever, send your thoughts, queries and philosophical riddles to Imani (imani.moise@ft.com) or me (sid.v@ft.com). Happy reading!...
...Companies that sell software to insurance groups have also fared better....
...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....
...The national insurance rise had already gone through. It had been passed as a health and social care levy, which people broadly bought into at the time....
...He said he was “impressed with Kew’s leadership and focus on growing the firm — including its expansion into credit and insurance”....
...munchau@eurointelligence.com Letter in response to this column: Pandemic perhaps carries seeds of good things / From David A McM Wilson, Cambridge, UK...
...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....
...Less than a week ago, the stage was set for Donald Trump to follow in the footsteps of Jimmy Carter and Bill Clinton and have his own Camp David moment....
...Rodney Cook has quit as chief executive of Just Group after a turbulent year for the life insurance company....
...Last year, Taillevent’s owners hired chef David Bizet from the Four Seasons’ George V to reinvent and modernise the menu....
...Her opening show is of about a dozen works by Ayana V Jackson, who questions the colonial gaze in the history of photography (works priced between $15,000 and $25,000)....
...For insurance companies dealing with seafront real estate, to the electric utilities that must make sure their grid can withstand large wildfires, the physical impacts of a warmer world have become impossible...
...Although some large companies, including carmakers Ford, General Motors and Fiat Chrysler, already fund their own insurance schemes by keeping the premiums and setting aside capital for potential losses,...
...Insurance? You get the picture. But just because it’s a mainstay of the modern investing scene, does not mean all is well inside the company....
...David Crow is an FT correspondent in New York The names of some interviewees have been changed Follow @FTMag on Twitter to find out about our latest stories first....
...Whereas a standalone drugstore profits by serving as many customers as quickly as possible, an insurance company would want pharmacists and other staff to spend more time with patients so they do not end...
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