Hints and tips:
...Companies in Wall Street’s benchmark S&P 500 index spent $175bn buying back shares in the three months to June, according to preliminary data from S&P....
...“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....
...The cash offer gives the company a value of NKr17.2bn (£1.3bn)....
...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....
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...The group notes that although median incomes in Asia have increased markedly, an estimated 80 per cent of the population of Asia is still without insurance cover....
...MoneyLion has added Even’s insurance and personal loan services into its banking app and hopes the company’s software offering will also bring new customers to its own products....
...to one of the world’s biggest delivery companies....
...One thing to start: Monday marked the S&P 500’s worst day of trading since May as the liquidity crisis at the Chinese property developer Evergrande rocked global financial markets....
...The average purchase price of buyouts in the fourth quarter of 2020 was 12 times earnings, according to S&P Global’s LCD, eclipsing a full-year record of 11.5 times set in 2019....
...The letter from two of the most influential liberal lawmakers in Congress with oversight over Wall Street comes as the Fed, the Federal Deposit Insurance Corporation and the Office of the Comptroller of...
...through the P&L....
...Our insurance team’s favorite life companies are Prudential and ASR We remain overweight of P&C Defensive: The sector should be agnostic to the cycle (having no correlation with HY spreads and PMIs) yet...
...five targets that the companies anticipate collaborating on in the first three years of the partnership....
...more of a primary event), UK P&C (~14% of premium), and then the multilines (~10%)....
...“The man from the Pru” was for years a fixture of British society, going door to door to sell Prudential’s insurance policies....
...(Reuters, DW) Separation of powers and the sanctity of elections are no more immutable in America than India’s tolerant pluralism, writes Edward Luce....
...Perhaps the razing of America is being seen as a stimulus measure for infrastructure investment. Maybe it’s because a London Stock Exchange website redesign has hidden all the profit warnings....
...Séverin Brizay is leaving Bank of America just 18 months after joining the bank in London....
...Also due to report later today are PepsiCo and AIG, the insurance company....
...Containment of the number of new cases has been impressive in mainland China, and we now expect a V-shaped recovery from the second quarter onwards there....
...The easing of production restrictions has released some pent-up demand so, as long as you ignore all the stuff that’s happening in the rest of the world, it is a supportive data point for the V-shaped thesis...
...repayment holidays to certain afflicted companies; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...He was previously chief executive of Barclays Private Bank for Europe, Emea and Monaco. Rodney Cook has quit as chief executive of Just Group after a turbulent year for the life insurance company....
...The move comes as WeWork’s parent company prepares to lay off thousands of employees. S&P has downgraded WeWork’s credit rating from B to B- with a negative outlook....
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