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...Roughly 30 of the group’s portfolio founders have moved to the US in recent years. “We can be a better partner to our cross-border founders because we’re now independent,” Singh said....
...VC groups invested $42.5bn in 2,500 AI start-up equity rounds last year, according to market analysts CB Insights....
...Ford is planning to re-enter F1 alongside Red Bull from the 2026 season, and the pair have already begun work on batteries and other collaborative projects....
...The five insurers and reinsurers belong to the A-Cap group, and together held $11.5bn of assets at year end....
...So-called Project Everest was abandoned after more than a year of work that cost $600mn....
...“Anglo will need to create a compelling alternative if they’re going to defend this,” they said....
...But sorry, we’re getting ahead of ourselves....
...The firm has offered mid-level staff nine months’ pay while they look for another job, but they’re also simply laying people off — up to 400 jobs were axed this month....
...We talked a little bit about these sorts of stocks last week, and we mentioned our first pick, Everest Group, then. Everest is a property casualty reinsurer and primary insurer based in Bermuda....
...“Anglo will need to create a compelling alternative if they’re going to defend this.” Will there be counterbids?...
...Group revenue edged up 2 per cent to £9.7bn....
...US insurance group A-Cap, a lender to 777, late last month said it would attempt to raise $400mn in fresh capital and take back control of assets ceded to 777 Re because of credit rating downgrades....
...“You’re locked into a programme which is very, very difficult to get out of,” said Curtis....
...“We’re in the game for real for the long haul.”...
...Aviva is re-entering Lloyd’s of London for the first time in more than two decades to boost its exposure to the thriving commercial insurance market....
...It’s unlikely the folks at GlassHouse Research will be welcome, and that’s not just because they’re accountants....
...“I really do think they’re going to walk all this back,” Gray said....
...Two-thirds of TPLF settlements for commercial litigation go to large rather than small companies, according to Swiss Re. But even funders working with big companies like to claim the moral high ground....
...This week in Scoreboard, we’re looking at the increasing influence of private equity in global rugby. Plus we explain how the “chaotic” boss of Adidas helped turn the company around....
...My next pick was Everest Group, which is a reinsurer. So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...“At the moment it’s a fantastic model because it helps us cut through, because we’re an insurgent party,” he said....
...“We’re thinking about the health of the game as a collective. And that is a hugely important thing.”...
...The new Frasers “is probably the modern department store if you look at what we’re doing . . . we’re combining our group’s businesses”, he said....
...“Obviously they’re different industries, but if you’re going to recruit people to a new platform, it’s helpful to have a team excited by a bold new opportunity,” he said. “It’s a similar road map.”...
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