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...Andrea Rossi told the Financial Times he wanted M&G to be a “European leader in private assets” as he unveiled strong full-year results for the FTSE 100 asset manager....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...It set a new 13 per cent target for this metric to be achieved in 2026....
...Here’s what I’m keeping tabs on today: OpenAI: The artificial intelligence company plans to show off new features, potentially bringing it into direct competition with Google....
...“The joke is that August in the Hamptons has been cancelled,” he said, adding that a lot of “irons were in the fire”, but private equity shops and companies were not yet pulling the trigger on many sales...
...Jason Wooten has joined Walmart as its global head of M&A. He previously was a managing director at Lazard....
...Unhedged: I’m interested in the part of the business that is illiquid/speculative grade on the one side and insurance companies on the other side....
...It’s great news for M&A in Japan.”...
...Apollo has dramatic ambitions for both sides of its balance sheet. Its M&A strategy should therefore be viewed through the prism of both assets and liabilities....
...Robert Armstrong(Laughter) Well, they buy and sell stuff like huge railroads, hundreds of billions of dollars of Apple stock, many insurance companies, many utilities and energy companies....
...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....
...The group’s results were buoyed by strong growth in its credit and insurance business, which has $330bn in assets and helped propel Blackstone’s overall assets to $1.1tn....
...“I’m an advocate for the shelf charter,” said Brian Brooks, a partner of DC law firm O’Melveny & Myers and a former acting comptroller of the currency....
...When it comes to winning restructuring business from Hong Kong, the former colleague said, “A&M will be totally unassailable for years.”...
...Directive and Packaged Retail Investment and Insurance-based Products)....
...(Do this thought experiment: picture a conglomerate controlling the same empire of companies as Berkshire, including in notably unpopular industries such as energy, insurance and banking; can you imagine...
...And finally I’m in Los Angeles this week for the Milken Institute Global Conference — hit me up if you’re here....
...Seventy per cent of healthcare companies expect M&A activity in healthcare to increase in 2024 after two relatively quiet years, according to a recent global survey from Jefferies....
...Brokers and underwriters say 2023 will be a record year for tax insurance, after the number of companies seeking to purchase policies hit a new high and the money available to cover unfavourable rulings...
...The pledge comes three years after the insurance market apologised for its role in the trade, which included extending crucial insurance to voyages and even insuring slaves as cargo....
...“I’m a front door sorta guy. I think it was effective and I’d do it again.”...
...Blackstone has appointed Philip Sherrill as global head of insurance. He previously worked for Global Atlantic Financial Group as chief strategy officer....
...But it’s insurance — you should pay for insurance, you shouldn’t get paid for it. Nassim would say, well, there is a fair amount of alpha to how you construct the options strategies....
...Abel spent the day sitting next to Buffett on stage for both the morning and afternoon sessions. Vice-chair Ajit Jain, who runs the insurance operations, only joined for the first part of the day....
...Regulators require insurance companies to keep plenty of rainy day funds aside for any premiums written. For example, M&G has entered the bulk annuities market with two smallish deals worth £620mn....
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