Hints and tips:
...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...FSD Africa has worked on creating private debt instruments which channel African insurance money into renewable energy projects....
...The gains were fuelled by strong results from Berkshire’s insurance unit, including at Geico, as well as higher interest rates....
...Or as David Frederick of the National Security Agency echoed: “You cannot overstate the critical mass of prepositioning and attack capabilities.”...
...The company’s Geico auto-insurer, which had struggled to cope with payouts on claims for much of the past two years, showed improvement....
...There were, he said, few deals that offered the kind of transformative impact past takeovers have had, such as its purchases of insurers Geico and National Indemnity or the BNSF railroad....
...The disclosure came days after rating agency Fitch stripped the US of its prized triple A rating....
...Highlighting continued caution from regulators, the agency last month delayed an approval decision on donanemab, Eli Lilly’s Alzheimer’s drug....
...The Omaha native helped transform the company, once a struggling textile maker, into an industrials and insurance behemoth....
...The statement followed a downgrade from rating agency Moody’s on Tuesday, which cut the bank’s overall credit rating to junk....
...“But Dai-ichi Life is clearly on the conservative side and people will look at it and say that’s Japan Inc. It’s great news for M&A in Japan.”...
...IAG was one of the main insurers behind $10bn of cover arranged for Greensill through Bond & Credit Co, an underwriting agency the Australian insurer owned a 50 per cent stake in before selling it to Tokio...
...Investors were buoyed by the fact that Geico, the company’s auto insurance unit, posted a second consecutive quarterly profit after more than a year of losses....
...Australian insurance agency Bond & Credit Co arranged $10bn of coverage for Greensill, which specialised in supply chain finance and collapsed into administration in 2021 after its insurance expired....
...Bain expects a similar timeframe for completing the legal framework for liability and insurance and improving the accompanying road and telecoms infrastructure....
...Last year it raised $4.5bn towards an eventual $8bn goal from global pension funds, insurance companies and sovereign wealth funds....
...But this year, Abel — heir apparent to lead the $710bn conglomerate that includes the BNSF railroad, private jet operator NetJets and insurer Geico, as well as the other public and private groups Berkshire...
...Drugmakers pay rebates to ensure their treatment is placed on the lists of drugs covered by insurance companies....
...via the government body charged with resolving disagreements over the cost of hospital care, according to an official tally published by the Centers for Medicare and Medicaid Services, a US government agency...
...And one of Berkshire’s crown jewels — the Geico auto insurance unit — suffered its sixth consecutive quarterly underwriting loss....
...Tepezza costs approximately $350,000 for a six-month course of treatment, while an annual supply of Krystexxa costs $650,000, according to the agency....
...“It underestimates the consequences of the structural reforms adopted in the last few months by the French government, [notably] the reforms on unemployment insurance, pensions and production taxes.”...
...Rating agencies typically treat preferred stock deals more favourably than run-of-the-mill loans....
...A version of this article was first published by Nikkei Asia on August 4. ©2023 Nikkei Inc. All rights reserved....
...On Sunday night, the Federal Deposit Insurance Corporation announced a deal to transfer much of Signature Bank to New York Community Bancorp....
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