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...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...Campaigners fighting for insurance transparency in the courts have targeted intermediary fees shared with third parties as a key aspect of outsized insurance costs, especially for those paying more for cover...
...Other companies fighting Allianz alongside Burger & Lobster include leisure company Open House, whose London venues include The Lighterman in King’s Cross and The Broadcaster in White City....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...Here’s what else I’m keeping tabs on today: US-Middle East diplomacy: President Joe Biden hosts Jordan’s King Abdullah II at the White House for talks on resolving the Israel-Hamas war....
...German president Frank-Walter Steinmeier receives Jordan’s King Abdullah in Berlin. Economic data: The Rightmove house price index for October is released in the UK....
...Meanwhile, medical experts warn the typical lack of cover for pre-existing and chronic conditions makes the insurance sector ill-equipped to pick up the slack from the NHS....
...Australia issues producer price index data for the third quarter. Singapore publishes third-quarter jobless data and the URA property index for the same period....
...The Gordon Gekko Company Ranch Award 2023 Winner: W.M. “Rusty” Rush, Rush Company Despite the eye-popping inclusion of allowances for a car, an aircraft, a cell phone and a ranch, W.M....
...A-Cap chief executive Kenneth King late last month told insurance agents that AM Best’s downgrade was unwarranted....
...As for the west, it needs to think creatively about how to extend war insurance for the swaths of the country not under threat, a critical factor in encouraging companies to commit to rebuild....
...Since several institutions there helped to make Russell Brand famous, there were some awkward moments....
...“There’s no good tobacco company,” said King, a doctor who began her career on a lung cancer ward....
...The firm’s ties to A-Cap, an insurance group led by chief executive Kenneth King, have also raised concerns....
...The chancellor could still cut national insurance or income tax rates by 1p and fund other projects, such as a “Brit Isa” intended to boost investment in UK companies....
...US regulators sued Coinbase in June for allegedly failing to register as a US broker or securities exchange, charges which the company denies....
...Allan Young, director of the Centre for Affective Disorders at King’s College London, says there is good evidence ketamine helps treatment-resistant depression....
...“[W]hen we took folks in from Putnam, one of the areas where we added most significantly . . . [was] retirement and somewhat in the insurance channel as well,” Spector said....
...The Barossa Project is a crucial development for Santos, the A$24bn ($15.7bn) Adelaide-based company that traces its roots to the 1950s....
...Additional contributions from George Russell and Benjamin Wilhelm...
...The changes to the index will be confirmed after market close on Wednesday by FTSE Russell, a subsidiary of the London Stock Exchange Group....
...But in the US, for whatever reason, insurance and banking do not grow together very well....
...Pension funds, hedge funds, insurance companies, all different bits of private markets, stuff where regulators don't have a huge amount of visibility on what is going on....
...The indefatigable Matthew Russell Lee, at @innercitypress, has been tweeting every move....
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