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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...such as life sciences and insurance....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...Global commercial insurance prices, which include everything from property to management liability, have risen for 25 consecutive quarters, according to data provided by broker Marsh....
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
...Last year, private equity stalwart TPG attempted to jump on the insurance bandwagon by acquiring the credit specialist Angelo Gordon for $2.7bn. For acquirers, the payoff remains uncertain....
...The restrictions set out by the Federal Deposit Insurance Corporation on Thursday would apply to any takeover that created a bank with more than $50bn in assets, and increase for any deal above $100bn....
...Larry Kellner, chair of the company, will also not stand for re-election to the board. He will be replaced by former Qualcomm chief executive Steve Mollenkopf....
...Porticoes Capital will seek to take over banks closed by the Federal Deposit Insurance Corporation, the US regulator, according to an official filing....
...The end of merger talks comes as Cigna prioritises stock buybacks. The insurer announced plans on Sunday to increase stock repurchases by $10bn....
...There are also social costs when the Federal Deposit Insurance Corporation is forced, by law, to sell failed banks to multi-trillion-dollar mega banks who can offer a better price than smaller bidders....
...Apollo’s interest in PIC was first reported by Sky News. PIC and CVC declined to comment. Reinet did not immediately respond to a request for comment....
...A federal judge ruled in 2017 that a merger between Humana and Aetna was anti-competitive, followed by a similar decision weeks later on a tie-up between Anthem and Cigna....
...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...
...Spacs and their sponsors typically raise cash by listing on the stock market before then seeking a merger with a private company....
...In some cases, brokers say, companies have been able to buy insurance to cover more than $1bn of tax payments in the event they lose a dispute with the US Internal Revenue Service....
...French container shipping magnate pivots to media Rodolphe Saadé, the head of French container shipping giant CMA CGM, has long shunned the limelight at the helm of his family-owned company in Marseille...
...In the past few years, there have been several milestones for mergers and acquisitions in Japan that signalled unsolicited takeovers were no longer an alien concept to the country’s companies....
...In recent years, its performance has been blighted by higher than expected compensation payouts linked to mis-sold payment protection insurance....
...companies....
...The bank realised an additional $6bn in losses tied to the merger, which has been less profitable than originally expected....
...The gains were fuelled by strong results from Berkshire’s insurance unit, including at Geico, as well as higher interest rates....
...company is expected to consistently make good bets....
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