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...This year, the legal operations team at Liberty Mutual launched a programme that pairs its staff with lawyers to improve processes or apply new technologies in specific areas of the business....
Case studies in best practice among general counsel and company legal teams in North America
...A quick note on politics (sorry): Readers who are big civil-liberties advocates may find that Canada demonstrates a different downside to financial-system concentration....
...Liberty Strategic said: “The firm is not permitted to comment on any ongoing fundraising, but it has a diverse investor base including US insurance companies, family offices, sovereign wealth funds, and...
...The report found that the UK’s financial and professional services sector generated £64bn in trade surplus in 2022 — the largest of any country....
...Commended Liberty Mutual O: 7; L: 7; I: 7; Total: 21 The insurance company’s legal department is aiming to unify practice areas and encourage greater collaboration and agility in problem solving....
...On Friday, the Treasury responded with a £750m insurance scheme for live events. Better late than never. Many organisers did not dare to go ahead this summer without insurance....
...In 2020, Lemonade, an insurance provider, and Vital Farms, an eggs producer, went public in the US as B-Corps....
...Hays, the staffing agency, said it has identified £150m of surplus capital that will be returned to shareholders via special dividends....
...For the election she has chosen a left versus right slogan: “Communism or liberty” (before Iglesias’s entry into the race it was “Socialism or liberty”)....
...Not so great for Liberty Global and Telefónica, Virgin Media and O2’s respective parent companies....
...Furthermore, on top of the credit insurance Greensill Capital typically uses to make its financing safer for investors, the company benefits from a guarantee from Mr Gupta’s wider GFG Alliance group....
...Apollo-owned Aspen Insurance borrowed $500m through a PIK deal on Friday, with roughly half of the proceeds going into the private equity group’s pocket....
...We have assumed that HSX’s existing capital surplus (205% BMA solvency ratio at end-2019) can absorb even our worst-case Covid-19 scenario....
...The country has no unemployment insurance, very limited unemployment benefits or in-work benefits for low wage earners, little state support for pensions....
...Tankers have been seized, US and Iranian drones have been shot down, and insurance premiums have gone through the roof for oil shippers in the region....
...“It’s one thing to buy insurance on my neighbour’s house, it’s another to burn it down, it’s a third thing to collect money on insurance and another thing to be welcomed at my neighbour’s table.”...
...The smoke is sure to result in many insurance claims for evacuation, business interruption, and contents damage.” The share prices of insurance companies fell on Monday....
...These follow allocations of about $500m each from Prudential, Allianz, Munich Re and Liberty Mutual since 2013....
...The government estimates the US will have a $21bn trade surplus in agriculture this fiscal year....
...Blackstone, the US buyout group, has hired senior advisers for its Blackstone Insurance Solutions group....
...The acquired entities support a life and annuity business with more than $9.5bn in policy reserves and $572.4m in capital and surplus as of June 30....
...The PIC senior tranche is similarly guaranteed, but the second tranche of debt is not, and will be paid through surplus cashflows. Then come UPP’s debt and equity, neither of which are guaranteed....
...However, one tech lawyer says this is partly the result of surplus cash from state companies that is chasing better returns....
...In a letter to Apple’s staff this week, Mr Cook acknowledged the “uncertainties ahead” but doubled down on his increasingly vocal commitment to civil liberties....
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