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...B Riley Advisory co-chief executive Ian Ratner and senior managing director Ronald Glass are taking on “governance roles” at 777....
...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”....
...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....
...A-Cap has been rushing to take back assets that it ceded to 777 Re through reinsurance transactions, and regulators have pushed it to reduce its exposure to the investment firm, after AM Best raised concerns...
...A researcher from Beijing Xinghang Electro-mechanical Equipment Co Ltd, a Chinese defence company, was also listed as a contributor on the study....
...BYD has vowed to “go global”....
...property and cargo damage, third-party liabilities and business interruption, said Mathilde Jakobsen, senior director at AM Best, an insurer rating agency, and would “add to the increasing challenges in reinsurance...
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the final three months of last year, the 25th straight quarter of increases....
...Global commercial insurance prices, which include everything from property to management liability, have risen for 25 consecutive quarters, according to data provided by broker Marsh....
...Cumulative global shipments of the Switch were at nearly 140mn units as of last year, among the top three highest number of consoles sold in gaming industry history....
...In some instances it bought equity stakes in asset managers, including 26North, a firm launched by Apollo co-founder Josh Harris, and which had a multibillion dollar reinsurance agreement with AEL....
...If it is to keep up with rival global centres, it is not just the members who have their work cut out. vanessa.houlder@ft.com...
...During that time, both Mackenzie and Koltes have stepped back from the firm they built from a Citibank spinout into a €186bn global investment giant....
...Bo Bai, chair and co-founder of MetaComp, said the deal reaffirmed his company’s “commitment to being the bridge that links traditional finance with crypto finance”....
...But that pales beside the millions being sold annually by global rivals in their respective home markets....
...BYD, making its debut at the Jakarta EV show, unveiled the Dolphin, deliveries of which from China are expected to begin in July, priced at about 425mn rupiah ($26,500) — half the global average for an EV...
...Nissan and Honda began talks in January, and the scope of their co-operation includes software, core EV components and auto-intelligence technology....
...“He really led Shell’s work during his tenure as CEO on transitioning it across oil and gas, renewables, sustainable aviation and transportation.”...
...The global insurance sector is expecting billions of dollars of claims after the Dali container ship struck the Francis Scott Key Bridge on Tuesday, including for repairing damage to the bridge and paying...
...Disruptions to global chip supply cannot be ruled out, even if no damage is found at chipmaking facilities....
...“Rather than tapering off, the global EV revolution appears to be gearing up for a new phase of growth,” said IEA executive director Fatih Birol....
...The move reduces its emissions by using greener fuel and cuts the company’s transportation costs compared with outsourcing its shipments to other companies, Shu said....
...Global ticket sales from The Super Mario Bros Movie hit $1.4bn. Given Nintendo’s global fan base for its game characters, the success should not have been such a surprise....
...Private credit is now so big that the IMF dedicated an entire chapter in its latest Global Financial Stability Report to its “rise and risks”....
...Under the deal, the brokers agreed to co-operate in future criminal investigations and to enhance and report on their compliance....
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