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...Tokio Marine is being sued by investors seeking payouts on the credit insurance, but expects no material financial impact....
...He will replace former banking and insurance executive David Godfrey on several of Nomura’s European and UK boards in April....
...ABN Amro declined to reveal the size of its clients’ holdings in Nike and does not intend to restrict investments in the company....
...Brookfield first took a stake in AEL in 2020, shortly after the insurer fended off an unsolicited takeover bid from Apollo’s annuities affiliate Athene Holding....
MassMutual arm files for temporary restraining order and preliminary injunction after 20 employees defect
...The legal fallout from the collapse is expected to take years to resolve, with discovery in the Australian insurance proceedings set to stretch into at least next year....
...Australian insurance agency Bond & Credit Co arranged $10bn of coverage for Greensill, which specialised in supply chain finance and collapsed into administration in 2021 after its insurance expired....
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...collapsed supply-chain finance firm’s insurance cover....
...The Omaha native helped transform the company, once a struggling textile maker, into an industrials and insurance behemoth....
...The results were buoyed by the company’s core insurance businesses, where underwriting profits climbed 74 per cent to $1.2bn, as well as its large holdings of cash and Treasury bills....
...Meanwhile it built up its own formidable insurance vehicle. Last winter, AEL rejected a $45-per-share offer backed by Elliott Management....
...According to Berkshire’s second-quarter report, as of June 30, the company’s holding of Apple was worth $178bn....
...Amid New Orleans festivities, rainmakers wonder if the party is over for Delaware Delaware, Inc. may be the enterprise now under the most intense activist threat....
...Brookfield has offered to acquire American Equity Investment Life for $4.3bn, making it the latest private capital manager looking to expand in credit investing by adding retirement annuity and life insurance...
...So, Sompo Holdings, one of Japan’s biggest insurance companies and the operator of about 280 care homes across the country, has turned to technology to address the problem....
...Blame car insurance and repair inflation (for details, listen to the Unhedged podcast)....
...It is a good time for investors to cut holdings further....
...But in the US, for whatever reason, insurance and banking do not grow together very well....
...Insurance Corporation could chose to dump the portfolio and push down prices....
...Three years ago, Sony spent $3.7bn to take full control of its financial unit, which houses the group’s online banking and insurance businesses, despite pressure from US activist investor Third Point to...
...A version of this article was first published by Nikkei Asia on October 2. ©2023 Nikkei Inc. All rights reserved....
...Holding on to Rakuten Bank’s gains from Friday will rely less on external factors and more on rebuilding the financial discipline of its parent....
...On December 8, Elliott’s life insurance affiliate Prosperity Group submitted the $45-a-share offer that has been repeatedly rebuffed by AEL as “opportunistic”....
...To assess risks properly, investors need to get a sense of how much of a bank’s CRE holdings are offices....
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