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...Chief executive Andrew Carrier said 2023 was a “landmark year” where the insurer recorded its best underwriting performance in a decade, making it the latest firm to be lifted by a global surge in insurance...
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...The US and UK have signed a landmark agreement on artificial intelligence, as the allies become the first countries to formally co-operate on how to test and assess risks from emerging AI models....
...But co-founder and chief executive Daniel Schreiber told the Financial Times that the results, which included a small increase in its cash and investments, from $942mn at the end of the first half to $945mn...
...The housing department said: “Where developers and freeholders have profited from unsafe buildings, we will use powers in the landmark Building Safety Act to recover funds . . ....
...So-called superfunds have emerged as a cheaper option for employers looking to offload pension plans without paying a premium for a full insurance buyout....
...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....
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...He previously worked at insurance group Aviva for more than a decade....
...It has two operational commands, six military organisational areas and 27 separate planning and co-ordination agencies....
...Exclusive: The US and UK have signed a landmark agreement on artificial intelligence safety, making them the first countries to formally co-operate on how to test and assess risks from emerging AI models...
...Although people have been creating new methods to “analyse and crunch numbers for decades”, said Amrit Santhirasenan, chief executive and co-founder of insurance start-up hyperexponential, “Excel has been...
...(Simon Mundy) Smart read Climate change is now reshaping the insurance industry, with severe consequences for some homeowners in vulnerable regions, this FT Big Read explains....
...Lloyd’s of London has agreed with its landlord Ping An to stay at its One Lime Street headquarters until at least 2035, in a mark of commitment to in-person trading at the heart of the City’s insurance district...
...targeted specifically at financial services companies, would capitalise on Cinven’s “proven track record” investing in the sector, said Caspar Berendsen, a senior dealmaker at the private equity house, who co-led...
...“This is a once-in-a-lifetime show for me,” says gallery co-owner Dominique Lévy....
...And one thing to start: Adam Neumann, the co-founder of WeWork, has submitted a conditional bid of about $600mn for the bankrupt co-working company he led until 2019, according to three people briefed on...
...The FT story on the deal quoted KKR co-CEO Scott Nuttall saying the following: “We are not doing this because we have to, we are doing it because we want to and this has been a home-run investment,” said...
...While KKR will soon raise flagship buyout funds in North America and Asia, it is seeing its fastest growth in newer businesses targeting credit, insurance and infrastructure-based investments, which are...
...Their disagreements appeared to be on whether a formal rule change and co-ordination with other banking regulators are needed to address the issue....
...Our landmark working arrangement between the UK and Frontex is another crucial step in tackling illegal migration, securing our borders and stopping the boats.”...
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...California lawmakers advanced landmark legislation for climate disclosure rules. As I highlight below, it is a big development from the US, which has been slow to act on climate rules this year....
...Michael Wise of the South Carolina insurance regulator said he was aware that his Bermudian counterparts were addressing issues at 777 Re, and that the state continued to “co-ordinate our efforts as necessary...
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