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...H&F has invested in business services companies such as advertising agencies, advisory firms and insurance brokerages for decades....
...Last week, following a separate Fox Williams investigation into alleged workplace misconduct, the CBI sacked its director-general Tony Danker....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
...Mainland Chinese visitors accounted for around $7.5bn of new insurance premiums in Hong Kong in 2023, according to the city’s Insurance Authority....
...In the wake of three of the largest bank failures in US history a year ago, the US Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are all pushing...
...Insurance groups are now bracing themselves for billions of dollars of losses stemming from the accident, with reinsurers likely to foot the bill in a legal fallout expected to last for years....
...Asked if private companies should cover the damage, he responded: “We’re not going to wait. We’re going to pay for it to get the bridge rebuilt and open.”...
...The idea, said Frank Vivier, Richemont’s chief of transformation, was to move beyond the analogue era where insurance companies, watchmakers and police communicated little and victims were left in the dark...
...These companies collectively underwrote about 70 per cent of US homeowners’ premiums, it said. The Treasury’s proposals have highlighted the fragmented nature of US insurance regulation....
...They have also garnered the support of Republicans in the House, who called on the heads of the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency...
...Additional reporting by William Sandlund in Hong Kong...
...Baker Tilly secured a $1bn investment led by H&F in February....
...Meanwhile, Swedish insurance companies have the highest holdings of stocks in the EU....
...“These companies are proving that there are multiple avenues of growth for them by product, region and distribution channel,” said William Katz, an analyst at TD Cowen....
...At the moment, some $5.6tn of cash sits in these funds, according to the Investment Company Institute, up from $2.6tn a decade ago....
...A servicing company placed the loan on watch for possible default — although the Trumps have remained current on their payments....
...“It’s everyone from insurance companies, [to] sophisticated family offices and even sovereign wealth funds.”...
...Baker Tilly secured a $1bn investment led by H&F in February. Buyers are spotting an opportunity that has played out inside their own industry....
...Its oil company, Adnoc, has set aside $150bn for expansion in the next five years....
...high, and that it amounts to a federal subsidy for banking companies....
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...The standards for allocating this special assessment among banks and holding companies were written to give broad discretion to the FDIC....
...“It’s an issue for everyone who does fashion, and we’re not excluded from that.” H&M and Zara were the first fast-fashion retailers, selling trend-led clothing at affordable prices....
...Temu launched an antitrust suit against Shein in a US federal court last week accusing the fast-fashion company of forcing its Chinese factories to halt manufacturing for Temu in an attempt to maintain market...
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