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...The assumption built into credit insurance, Komiya said, was “that people are trading and doing business with honesty and goodwill”....
...Private capital groups have swept into life insurance since the financial crisis, with firms as big as Apollo, Blackstone and KKR either acquiring life insurers — providers of annuities and other products...
...Cocini has been co-head of Bank of America’s global financial institutions group, which will continue to be led globally by Gary Howe, and in Emea by James Gill....
...The mechanics of the NAIC’s rule change (as described by Barclays, Bank of America, regulators, industry groups and various other sources) are . . . not especially simple....
...Barings, a subsidiary of US life insurer MassMutual, filed on Monday for a temporary restraining order and preliminary injunction against Corinthia Global Management in a North Carolina court....
...Carbon capture, for instance, requires a CO₂ price of more than €100/tonne to stack up. Hydrogen may well be higher than that. Imperfect markets are a fact of life....
...“I think the most educated women in America have heard of egg-freezing.”...
...US private equity group KKR is buying the remaining 37 per cent stake in Global Atlantic, the life insurer it took control of in 2021, for $2.7bn as it takes full ownership of a fast-growing business whose...
...Deutsche Bank has hired Andy Tam from Perella Weinberg Partners as co-head of Americas insurance in the financial institutions group. He will be based in New York....
...“The notion of a guaranteed pay cheque, that you can’t outlive your savings — people want that,” said Anne Ackerley, head of BlackRock’s retirement group....
...“When he was here, he ran the country as a business.”...
...“There is something different about this moment,” says Damon Hart, chief legal officer at Boston-based insurer Liberty Mutual, winner of the 2023 FT innovative in-house legal team award for North America...
...He was active for years in the World Travel & Tourism Council, an industry group he helped form, and served as an honorary chair of a New York cancer hospital, Memorial Sloan Kettering....
...News round-up Freshfields’ former tax partner sentenced to 3½ years in jail (FT) Zurich’s sale of $20bn life insurance book to PE-backed group collapses (FT) Sotheby’s cleared of art fraud in Russian...
...[MUSIC PLAYING] Marc Filippino Sources tell the FT that US insurance giants Cigna and Humana are considering a merger. That deal would create an American health insurance company worth about $140bn....
...“What is on the table is full implementation of Basel III,” Pablo Hernández de Cos, chair of the Basel Committee on Banking Supervision and governor of the Bank of Spain told the FT of the US proposals to...
...On Wednesday, Scott Nuttall, co-chief executive of KKR, conceded that returns for large public companies such as KKR are often mixed....
...The SRR could mitigate such a risk by serving as a “buyer of last resort,” purchasing excess supply to keep producers in business and mines open....
...One of those places sorely in need of help is the seaside town of Blackpool where life expectancy is the lowest in England....
...Most of the investment groups had planned to lend the vast majority of the capital they promised....
...“I’ve never seen anything like this,” says Jarryd Anderson, co-chair of the financial services group at law firm Paul, Weiss....
...Financial Times readers will recognise Apax as one of the UK’s biggest buyout groups, which has taken companies such as Tommy Hilfiger private....
...For many tourists, the British Overseas Territory in the western north Atlantic Ocean — known for its pink sand beaches, luxury hotels, tax haven status, and role as a global insurance hub — is close to...
...The latest deal will allow Holcim’s North America unit to speed up growth and could value the standalone business at more than $30bn....
...largest wealth manager outside North America....
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