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...But co-founder and chief executive Daniel Schreiber told the Financial Times that the results, which included a small increase in its cash and investments, from $942mn at the end of the first half to $945mn...
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...Brereton was an executive at underwriting agency Bond & Credit Co, which was then 50 per cent owned by IAG and issued insurance policies on its behalf....
...JPMorgan Chase is aiming to recover millions of dollars from an insurance policy that protected the US bank against fraud after its botched $175mn acquisition of financial aid start-up Frank, according to...
...Its platform streamlines access to private programmes and government benefits such as Medicaid, a US government health insurance programme for people on low incomes....
...Several big US insurers, including State Farm and The Hartford, have paused their underwriting of new home policies in the state of California....
...The FT story on the deal quoted KKR co-CEO Scott Nuttall saying the following: “We are not doing this because we have to, we are doing it because we want to and this has been a home-run investment,” said...
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...Barings said that in early March more than a dozen employees resigned for Corinthia, alongside global private finance co-heads Fowler and Adam Wheeler....
...Michael Wise of the South Carolina insurance regulator said he was aware that his Bermudian counterparts were addressing issues at 777 Re, and that the state continued to “co-ordinate our efforts as necessary...
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...But we got there in the end and here it is now, for your wintertime pleasure, and as a little insurance policy for us against losing this recipe again....
...from state-owned insurance companies....
...Blackstone merged its credit and insurance investment operations in September in preparation for a push into asset-backed lending markets, Gray and co-founder Stephen Schwarzman have told shareholders....
Trends in geopolitics force faster responses from legal teams
...“Health insurance is not my top priority.”...
...To do this, I looked at two time-slices of Federal Deposit Insurance Corporation data, from early 2003 and late 2023, using a data collection tool from BankRegData....
...Hartford Financial Services, which writes far fewer home insurance policies, is down just 5 per cent. Some states limit insurers’ ability to raise premiums....
...In the new document, Hartford-Davis and his co-author Zoe Bush write that nature-related risk has become more of a threat to directors thanks to a series of developments over the past year....
...The answer starts with the dumping of UK equities by UK pensions and insurance companies....
..., Barr (AG) FY trading update, BNP Paribas FY, Brunswick Q4, BT Group Q3 trading update, Coursera Q4, Dassault Systèmes Q4, Icelandair Q4, ING Q4, International Paper Q4, Glencore Q4 production report, Hartford...
Awards highlights include technology, skills, access to justice — and a special achievement award
...This means that offloading liabilities, and the assets backing them, to insurance companies is becoming a viable option for more businesses....
...Chen Long, co-founder of research firm Plenum, said offering potential support to Vanke would be tricky for the government because other developers could question why they did not receive similar treatment...
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