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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...“There has not been a lot of new companies and additions to capital, which given the current levels of profitability . . . you would expect [to] happen....
...Lemonade, whose shares have fallen more than 70 per cent since its first day of trading in New York in 2020, provides a range of insurance including for homes, pets and cars to customers in the US and Europe...
...New York’s attorney-general has urged a judge to invalidate a $175mn bond posted by Donald Trump to halt enforcement of a half-billion dollar fraud judgment against him and his businesses, arguing that it...
...” for a valid surety in New York....
...A string of big home insurers have halted new business in California, for example, in response to a surge in extreme weather losses....
...to obtain the full amount from an insurance company....
...The board of the Federal Deposit Insurance Corporation on Thursday was scheduled to vote on the proposals, one from Republican member Jonathan McKernan and the other from Rohit Chopra, a Democrat....
...Donald Trump is unable to raise the $450mn bond needed to postpone the enforcement of a fraud judgment against him in a New York civil court, his lawyers said on Monday....
...As television cameras and cheering crowds looked on, a tough-talking Trump vowed to “straighten New York out”....
...Best known for arranging large corporate buyouts, Apollo’s business grew quickest in its rapidly expanding insurance operations, which drew the majority of the $32bn in new capital the group raised in the...
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...The New York Stock Exchange is polling market participants on the merits of trading stocks around the clock as regulators scrutinise an application for the first 24/7 bourse....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...The Los Angeles financier said his company approached the former president’s financial advisers last week, after an appeals court in New York lowered the amount Trump would have to put up during the appeal...
...Republican board member Jonathan McKernan and the Democratic chair Martin Gruenberg are each crafting measures that would demand new requirements of funds that hold more than 10 per cent of a bank’s shares...
...Insurance companies have lifted prices drastically in the past couple of years after spiralling inflation in their claims costs — as items such as car parts and second-hand cars became much more expensive...
...They also agreed to delay the enforcement of non-monetary penalties imposed as part of the judgment, such as the barring of Trump and his elder sons from running a business in New York and applying for loans...
...The boss of $18bn fintech Kaspi said the US was the “natural home” for an ambitious technology company after it became the latest London-listed group to sell shares in New York in search of higher valuations...
...A group of Wall Street veterans is now setting its sights on a new target: failed banks....
...New York Community Bank, which raised more than $1bn this month to shore up its finances and after shedding two-thirds of its market value since the end of January, had previously more than doubled its assets...
..., New York and New Jersey....
...Both priced their shares above their given range in a sign of particularly strong demand....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
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