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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....
...But co-founder and chief executive Daniel Schreiber told the Financial Times that the results, which included a small increase in its cash and investments, from $942mn at the end of the first half to $945mn...
...He hailed a recovery in the unit, which posted an underwriting profit in 2022 for the first time since its takeover of the group....
...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...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....
...The decision to announce pricing is the latest step towards a long-awaited IPO that was delayed twice by difficult market conditions, first caused by the war in Ukraine and then by the conflict in the Middle...
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...Both Tesla and BYD — the world’s first and second-largest EV manufacturers — reported a strong drop in sales in the first three months of this year compared with the previous quarter....
...Michael Wise of the South Carolina insurance regulator said he was aware that his Bermudian counterparts were addressing issues at 777 Re, and that the state continued to “co-ordinate our efforts as necessary...
...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....
...Some insurance and pension companies have significantly expanded their investments in private credit and other illiquid investments....
...It says we must first appoint a new trustee to pay the money to a beneficiary. In other words, my mother has to appoint herself as trustee to pay herself as a beneficiary....
...the private equity house, who co-led the strategy....
...First-quarter net profit outperformed market expectations with an 8.9 per cent increase compared with the same period last year....
...Portfolio insurance — a dynamic hedging strategy based on stop losses which was designed to let pension funds hold a higher equity allocation ‘safely’— was deemed the villain of the 1987 crash....
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...They were caught off-guard by the rise of China’s homegrown EV groups such as BYD, which outsold Tesla for the first time in the final quarter of 2023....
...Barings said that in early March more than a dozen employees resigned for Corinthia, alongside global private finance co-heads Fowler and Adam Wheeler....
...And one thing to start: Adam Neumann, the co-founder of WeWork, has submitted a conditional bid of about $600mn for the bankrupt co-working company he led until 2019, according to three people briefed on...
...from state-owned insurance companies....
...These businesses are benefiting from similar trends that KKR first exploited when Kravis and Roberts founded the group in 1976....
...For the airline, which updated its investors on Thursday, the loss of the Airbus A350 aircraft will be covered by insurance....
...Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies....
...The company, which like Vanke was initially seen as shielded from the funding problems within the sector, eventually defaulted on a dollar bond for the first time in October....
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