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...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...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...
...Haymarket also lent $91mn to Jarm Capital, a Delaware company then owned by Josh Wander, co-founder of 777, according to a person familiar with the situation....
...“We are hoping to become profitable next year, if not this year,” said the Russia-born founder in his first public interview since 2017....
...He has also worked for Mark Warner, the current chair of the Senate intelligence committee, and for Biden’s current climate envoy and former US secretary of state John Kerry....
...Last year, it closed its flagship Asia V buyout fund after raising $7.1bn, eclipsing its targets....
...Peter Thiel, Jeff Bezos and Mark Zuckerberg are leading a parade of corporate insiders who have sold hundreds of millions of dollars of their companies’ shares this quarter, in a signal that recent stock...
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...The transport companies were so busy moving art, they ran out of trucks.” If Germany wants this art back, “the law should be scrapped,” says Blau....
...Speaking to the Financial Times, David Howden, founder and chief executive of insurance and reinsurance broker Howden, predicted the price of business cover would flatten this year as the supply of insurance...
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...But in many of those cases, the bidders were far from traditional and led by aggressive and bold founders....
...HOLD: Saga (SAGA) The travel division of the insurer has returned to profit for the first time since the pandemic, writes Mark Robinson....
...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...
...Byju’s was backed by heavyweights including Qatar’s sovereign wealth fund, Dutch-listed investor Prosus, Sequoia’s former India arm Peak XV and the Chan Zuckerberg Initiative of Meta founder Mark Zuckerberg...
...at the V&A....
...Other American business leaders who have received the award include Disney chief executive Bob Iger and Bloomberg founder Michael Bloomberg....
...Shareholders, which include Qatar’s sovereign wealth fund, Dutch-listed tech investor Prosus, VC firm Sequoia’s former India arm Peak XV and the Chan Zuckerberg Foundation of Meta founder Mark Zuckerberg...
...Inflection’s third co-founder, Reid Hoffman, the founder and executive chair of LinkedIn, will remain on Inflection’s board....
...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
...“It is the best of times for Chinese brands, as consumers’ level of openness for them has never been higher,” said Miro Li, founder of Shenzhen-based marketing consultancy Double V Consulting....
...Mark Swindell, the chief executive of Rock Rail, estimated that it would cost between £10bn to £15bn to transition to a zero emission fleet, as only 2,000 of the UK’s 36,500 buses are currently electric....
...Mark SlaterChairman, Slater InvestmentsLondon EC4, UK...
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