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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...
...Has the Chinese company already peaked, asks June Yoon....
...Gains for companies such as insurance group Skyward Specialty and biotech company Rayzebio more than offset losses for high profile tech flops like Instacart....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Baltimore’s port is popular with carmakers because it is far inland and connected to two direct rail links....
...Britain after Brexit is edited by Gordon Smith. Premium subscribers can sign up here to have it delivered straight to their inbox every Thursday afternoon....
...An engineer at a hardware technology company, Tsai Tsung-lin earns more than many of his peers....
...If long-term it fails, it’s a bit of an insurance policy.”...
...A Financial Times analysis has shown that Europe’s biggest companies suffered at least €100bn in direct losses from their operations in Russia since President Vladimir Putin’s full-scale invasion of Ukraine...
...Additional contributions from Grace Ramos, Gordon Smith and George Russell...
...Activist investor Nelson Peltz told the Financial Times that the deposit insurance limit should be increased. Here’s the latest on the US banking turmoil. 2....
...Thursday’s complaint marks the first direct challenge to a strategy that sits at the core of the buyout business model....
...The share price of two of the largest US car insurance companies — Take Allstate and Progressive — have fallen in the past month, reflecting the rising costs of underwriting auto insurance policies....
...Greenwood has been at the company since 2000 and previously built up its commercial insurance division....
...The Federal Deposit Insurance Corporation was left holding the assets of mortgage-backed securities, collateralised mortgage obligations and commercial mortgage-backed securities following the interventions...
...Freshfields Bruckhaus Deringer has hired M&A lawyers Noah Carr and Gordon Palmquist as partners in Tokyo. They join from Latham & Watkins and Mayer Brown, respectively....
...Such schemes become better funded when rates rise, meaning more companies are likely to offload theirs....
...A verdict against BioNTech would likely have limited direct financial damage on the company because of an EU legal shield that largely protected vaccine makers from legal liability if they caused unforeseen...
...“Behind it all, whoever is making the decisions, thinks that all of these companies are very lowly valued, so they think there is a bit of insurance in whatever they do from having stocks that have gone...
...In his most direct acknowledgment of the worsening health crisis the president said China was entering a “new phase” of the pandemic as the lunar new year holiday approached. 5....
...Insurance group AIG, internet real estate technology group Zillow, digital communications company Cisco, ecommerce platform Shopify, and software maker Synopsys will report earnings after the market closes...
...And some concrete investment has been announced: $50mn from the New York State pension fund; £4mn from insurance technology company Frontline; a Bank of America-funded skills scheme for students from disadvantaged...
...Do you agree with the progressives? Is it time for the US to begin direct talks with Russia? Email your thoughts to firstft@ft.com or hit reply on this email? You can also vote in our latest poll....
...Reader feedback Yesterday FirstFT reported on a progressive group of Democrats who wrote to the White House to urge “direct engagement” with Russia....
...“You don’t have this level of progressive thinking.” The company is now the second-largest employer in the metro area that includes Normal and neighbouring Bloomington....
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