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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...
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...Kathleen Donnelly KC acted for 555 sub-postmasters in a 2019 High Court case, known as Bates v Post Office, that led to revelations the company had pursued thousands of people between 2000 and 2014 with...
...The only payout was made to a promoter trading as Terminal V for its event, Trick Scotland, the Treasury said....
...Chinese tech company Baidu is set to report its second-quarter earnings on Tuesday as the company tries to compete with the likes of Open AI, Google and Microsoft in the race to conquer AI....
...Royal Insurance merged with Sun Alliance in 1996. Turning to the 2023 list, HSBC bought the Midland Bank in 1992....
...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....
...Mainz-based company, which pioneered the use of messenger RNA in vaccines....
...“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 emergence of Risc-V has reopened the door for companies to compete in the CPU market....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...The first photographer in the 60-year history of the Pirelli calendar to shoot it three times – in 1996, 2002 and 2017 – Lindbergh has been shown in museums around the world including the V&A, Centre Pompidou...
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...Recommended reading ClearBank reaches profitability The fintech, which offers embedded banking — allowing non-financial companies to offer products such as insurance or payments — launched in 2017 as the...
...Things going wrong, and putting them right again, is the essence of insurance. How companies manage their claims is crucial not only to profitability but also to keeping customers onboard....
...An independent Burlington Northern Santa Fe railroad, with revenues of $22.5bn in 2021, would rank 129th by size in the Fortune 500....
...Each of the 30 lorries apparently carried an insurance value of up to $200mn....
...“This may not be the right time for the government to go to the market to raise money, as there is so much vulnerability in stock markets,” said V Upadhyay, adjunct professor of economics at the Indian Institute...
...His anointed successor Greg Abel, who is Berkshire’s vice-chair and runs the company’s vast collection of businesses outside insurance, was able to wander across the convention floor without being recognised...
...“The fact of the matter is [that] this is far broader than just insurance brokerage,” Williams said, although he adds that insurance is likely to remain the company’s largest business line....
...for the national insurance rise to be delayed, warning that it would cause companies to “slam brakes on recruitment” to offset higher costs....
...And so, you know, the main thing to understand about SVB is the S and the V — Silicon Valley, right? It’s taking deposits from Silicon Valley start-ups....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
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