Hints and tips:
...AIG has undergone significant change during his tenure, with moves including last year’s initial public offering of its life insurance and retirement business, Corebridge....
...Executives at Brookfield objected to AEL, whose full name is the American Equity Investment Life Holding company, using its resources to back Harris’s 26North Partners, a venture they regard as a new and...
...“Idiosyncratic sounds like idiotic — and Silicon Valley was that,” says Lawrence J White, a finance professor at New York University who formerly worked in government during the savings and loan crisis....
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...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....
...Anant Bhalla, boss of American Equity Investment Life, was presenting results last November when Wall Street analysts told him a director representing big investor Brookfield had resigned abruptly....
...AEL fired back at Brookfield, calling it a “direct competitor” that could not remain on the board because in 2022 it acquired a Texas-based life insurer, American National, for $5bn....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Shareholders of Life will end up owning 35 per cent of the combined company even though it will contribute just under a third of group ebitda....
...Its flagship vehicle, the Crusader fund, closed to investors in 2008 after suffering losses, triggering battles that are still echoing across American courtrooms....
...American Equity Investment Life last week rebuffed an unsolicited $4bn offer from a rival controlled by Paul Singer’s Elliott Management, capping a tumultuous year during which Bhalla also antagonised his...
...While large investors and institutions can access financial products with exposure to this risk, she said, it’s “a little crazy” to think that everyday Americans shouldn’t also be able to....
...It has sold everything from Hong Kong insurer AIA to a Vermont ski resort, and pivoted from planning life insurance acquisitions to carving out the whole life insurance business as it jumped between multiple...
...AIG is planning to cut the valuation of Corebridge, its life and asset management business, by more than 30 per cent as the carved-out company attempts to reopen the US market for initial public offerings...
...It plans to float its life and retirement insurance business, Corebridge Financial....
...Between 2015 and 2017, it fought off pressure from activist investors Carl Icahn and John Paulson to separate its general insurance and life businesses....
...The American Medical Association recommended a ban as well....
...for crypto investors....
...As was the case when it bought a fifth of American Equity Investment Life last October, the acquirer is stumping up to bulk up....
...Blackstone this week announced that it would acquire a tenth of AIG’s life insurance unit for $2.2bn....
...Bourla told investors this month that Pfizer had touched more lives than any pharmaceutical company before — and that its $80bn in forecasted revenues this year is likely a record for any drugmaker ever....
...This elite New York family has “insurance in the blood”, said Professor Lawrence Cunningham of George Washington University, who co-wrote The AIG Story with Greenberg senior in 2013....
...of his life to dissecting the bond market....
...The company raised $420m in its trading debut, selling its stock at $14 a share, at the bottom of the range it had pitched to investors....
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