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...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...“Here the wine estates are all still run by families who live here and make the wine themselves, not insurance companies and absentee shareholders....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...A state-owned energy company called GB Energy will cost a one-off £8.3bn and a £7.3bn “national wealth fund” will be set up to invest in the decarbonisation of heavy industry....
...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...
...Willkie Farr & Gallagher elected 25 new partners, effective January 2024....
...Kathleen Donnelly KC acted for 555 sub-postmasters in a 2019 High Court case, known as Bates v Post Office, that led to revelations the company had pursued thousands of people between 2000 and 2014 with...
...Terminal V did not respond to a request for comment....
...The ability to bring institutional investors, retirement systems and insurance companies who have long-dated liabilities or long-dated assets to this market make them ideal partners for the short-dated capital...
...“Although you can control a museum during your lifetime, it becomes very difficult after you’ve gone, and then there are the considerations of insurance, access and conservation.”...
...Royal Insurance merged with Sun Alliance in 1996. Turning to the 2023 list, HSBC bought the Midland Bank in 1992....
...Anne-Sylvaine Chassany, companies editor Among many I remember this one, about the rise and fall of entrepreneurs in Xi’s China: She rose from poverty as China prospered....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...They say that the fees they can charge in most cases are capped at about €7,000 and are often paid by their clients’ insurance. “It’s cost intensive,” said Cäsar-Preller owner Joachim Cäsar-Preller....
...“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 emergence of Risc-V has reopened the door for companies to compete in the CPU market....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Companies such as Google offer One Medical to employees. “One Medical already has all these contracts, and does telemedicine,” Farr said. “It made sense for Amazon to acquire an existing network....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...As always you can reach me at sid.v@ft.com....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...The factions backing Donnet and Cirinà are roughly balanced, with each controlling about a fifth of the company’s voting rights....
...A huge chunk of that — Rs205bn — came from the sale of a 3.5 per cent stake in state-run Life Insurance Corporation (LIC) in May through a long-delayed initial public offering....
...Each of the 30 lorries apparently carried an insurance value of up to $200mn....
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