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...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...In the absence of pushback from end consumers, this process can take on a life of its own — leading to margins rising for the entire industry....
...Anne-Sylvaine Chassany, companies editor Among many I remember this one, about the rise and fall of entrepreneurs in Xi’s China: She rose from poverty as China prospered....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...Family life and professional life were mixed together, which meant we shared so much. That’s what I miss the most.”...
...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....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...The company was also fighting with insurance titan UnitedHealthcare over reimbursement policies....
...Earlier in October, Blackstone struck a strategic partnership with Bermuda-based insurer Resolution Life to manage up to $60bn in credit, real estate and asset-backed assets on behalf of its life insurance...
...Robert Shrimsley We’re still waiting for Sue Gray. Lucy Fisher and Miranda Green(Laughter) Miranda GreenWe’re still waiting for Sue Gray. Like Godot....
...Developers and landlords were already having to adjust to life since the pandemic began....
...Famously gracious yet lively company, her professional range remained extensive....
...Tasteful window graphics serve as a substitute for displaying watches — which Ellis’s insurance does not allow — and the interior is decorated with pink walls, pink carpets and terrazzo tiles....
...Each of the 30 lorries apparently carried an insurance value of up to $200mn....
...A huge chunk of that — Rs205bn — came from the sale of a 3.5 per cent stake in state-run Life Insurance Corporation (LIC) in May through a long-delayed initial public offering....
...“We’re believers that normal life will return and that there will be a snap back,” Gray said. “Our expectation is that we’ll soon be back in the office for the most part.”...
...Office life was founded around a breadwinning man unconcerned by the messiness of life because his wife looked after it....
...It spent most of its life as a straightforward private-equity-backed insurance brokerage firm and expanded quickly through a series of acquisitions....
...Would love to see Chanos debate this one out with Jon Gray, Blackstone’s real estate boss turned president of the $915bn alternatives manager....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...Charlie loves his business and trucking life. He hopes to expand to five lorries. But you should hear him on France and the Gendarmerie. Henry V would blush....
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