Hints and tips:
...the mutual in 2022....
...The deal would also be a rare acquisition of a listed company by a mutual, which is owned by its more than 16mn members who have a current account, mortgage or savings with the company....
...Greenwood has been at the company since 2000 and previously built up its commercial insurance division....
...Apollo and KKR now each have more than 4,000 employees, around triple their levels five years ago after both acquired large life insurance companies, according to securities filings....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...companies, individuals, other companies etc....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...“We have a sense of the future that obviously isn’t shared by the market today,” said Schwarzman, who pointed out that the firm drew $88bn in new cash during the quarter as mutual fund companies haemorrhaged...
...health insurance provider....
...“Migrant workers are much less likely to have formal labour contracts that allow them to pay into social insurance schemes that protect them if unemployed,” she says....
...Last year, co-founder Stephen Schwarzman pulled in at least $615m, mostly from dividends the firm paid to shareholders, while president Jonathan Gray received $217m in combined pay....
...In 2008, the firm also financed a $1.35bn rescue of Washington Mutual bank, an investment that was wiped out within months....
...While theatre owners and companies welcomed the extra money ploughed into the sector, the Budget announcement did not address the lack of Covid-related insurance for big productions....
...In the UK, polling company YouGov called age the “clear dividing line in British politics”....
...Amazon Pharmacy, which will offer discounts of up to 80 per cent on generic drugs for Prime subscribers paying without insurance, either on its site or at more than 50,000 bricks-and-mortar pharmacies nationwide...
...“The basic fact is that pandemic risk is not insurable,” said Jimi Grande, head of government affairs at the National Association of Mutual Insurance Companies....
...Mr Mnuchin did, however, ask Mr Powell to extend four emergency credit facilities that backstop short-term funding markets, including commercial paper and money market mutual funds, for 90 days....
...The latest governance issues at AMP, which has almost A$200bn in funds under management, cap a fall from grace for a firm that was founded in 1849 as a non-profit life insurance and mutual society....
...Among them, Insurance provider Liberty Mutual has no board members with climate credentials and drugs distributor McKesson — which has been sued for alleged involvement in the opioids crisis — has no board...
...Greenpeace blames the Asean code of non-interference in mutual affairs and consensus for the absence of progress....
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...Not everyone will want to be locked in a monetary union with countries like the Netherlands, whose prime minister is ideologically opposed to mutual risk-sharing....
...Our insurance team’s favorite life companies are Prudential and ASR We remain overweight of P&C Defensive: The sector should be agnostic to the cycle (having no correlation with HY spreads and PMIs) yet...
...New Zealand has ordered residents to self-isolate ahead of a nationwide lockdown in 48 hours....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
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