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...These types of asset-backed debts have become hotly coveted in the private capital industry as large managers such as Brookfield, Apollo Global and KKR manage insurance-based investment assets, generating...
...services — a potential breach of restrictions imposed by western powers to try to crimp Moscow’s oil revenues....
...It is also the biggest fund ever raised by Brookfield, which manages $850bn across sectors spanning real estate, credit and insurance, renewable energy and corporate buyouts....
...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...Approaches can vary wildly depending on whether you’re looking at a US university endowment, a Swiss insurance group, a European pension plan, a Brazilian family office or a Gulf sovereign wealth fund....
...According to filings with insurance regulators reviewed by the Financial Times, the unit ultimately bears much of the risk that individual Berkshire insurance subsidiaries take....
...day for Canada to get this pipeline up and running, get it producing,” Jonathan McKenzie, chief executive of Canadian oil producer Cenovus, said on a company earnings call as the expanded line entered service...
...With the season ending up a mild one, the decision helped propel the insurance business to one of the best underwriting profits in its history....
...For good reason: the US spent an estimated $4.5tn on healthcare services in 2022, according to the Centers for Medicare and Medicaid Services....
...That includes pension funds, asset managers, clearing houses and insurance companies....
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignites.com....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
Case studies in best practice among general counsel and company legal teams in North America
...In its mid-year report, PwC found that volumes for US health services deals were 4 per cent lower than in 2022....
MassMutual arm files for temporary restraining order and preliminary injunction after 20 employees defect
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
Trends in geopolitics force faster responses from legal teams
...When Icahn acquired CVR he was near the height of his powers after conducting bruising campaigns against corporate giants such as Texaco and Trans World Airlines....
...shipping services or insurance provided from countries in the coalition....
...(c) 1 LOB (“Services”) = almost all of Citi’s market cap....
...“[In] financial services, the record is particularly poor, as scaling typically requires hiring a lot of people, which erodes culture and can lead to excess risk taking,” he told analysts....
...Combs’ background is insurance; the 53-year-old got his start at Progressive....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...Lyft’s insurance cost per trip is about $2.43, or 50 cents per mile....
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
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