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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...
...Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies....
...Picking the timing of that is harder,” said Gray....
...“We would acknowledge that this is not going to be some sort of a V-shaped recovery. There are going to be plenty of troubled deals in the market,” added Gray....
...Its insurance customers carried lower costs of capital than banks, making them a good home for many loans, said Gray....
...Allianz has fought off a legal challenge brought by a UK university after the insurance company refused to cover damage done by a controlled explosion on the grounds it fell within a “war exclusion” clause...
...On a conference call with analysts in January, Gray said Breit had “weathered the storm” in real estate markets, but he warned that Blackstone did not expect to see a “V-sharped recovery” in property values...
...Shares in many US private capital groups rose last year as their push to diversify beyond traditional buyouts and into credit and insurance-related investments caused their overall fee-based earnings to...
...There is scope for growth in infrastructure, insurance and retail products for Blackstone. But questions about maturity is one for the crystal ball....
...Nearly half came from its Athene insurance unit....
...He’s also gotten to know the firm’s president, Jonathan Gray....
...Other areas of Blackstone, such as its credit and insurance business, were a beneficiary of rising rates....
...The company scrapped its final dividend for the year as bad weather added to the pressure....
...companies.”...
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...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...
...Most roofs are now made from synthetic components and a mixture of cement and foam materials, which have replaced the original tiles, says Jonathan Gray, founder and president of roofers JW Gray, based near...
...Before most people knew what a camera was, the V&A was already amassing photographs....
...The company said that Jon Greenwood, its acting CEO, had chosen not to pursue the permanent job. Direct Line chair Danuta Gray said Winslow “stood out for his strategic understanding of the sector”....
...It has also begun to manage the debt portfolios for large insurance companies, including AIG and Allstate....
...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 media has created a different narrative, but the customers are fundamentally happy,” Gray said on the company’s fourth-quarter earnings call in January....
...Gray....
...“What’s really changed from our standpoint is that we have a very low-cost capital because of our insurance clients,” Gray said....
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