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...A significant part of the Signa group debt was provided by non-bank financial companies such as Dortmund-based insurer Signal Iduna, a midsized company with 12mn customers, mainly in health and life insurance...
...So, too, last month: although deposit insurance was supposed to cover only the first $250,000 of SVB and Signature accounts, the government protected them all, at a cost of more than $20bn....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...“Of course it is emotional. Family life and professional life were mixed together, which meant we shared so much. That’s what I miss the most.”...
...“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....
...If the risks are deemed low, he could be released on a life licence....
...Each of the 30 lorries apparently carried an insurance value of up to $200mn....
...A huge chunk of that — Rs205bn — came from the sale of a 3.5 per cent stake in state-run Life Insurance Corporation (LIC) in May through a long-delayed initial public offering....
...Former fighter Cung Le is part of a potentially multibillion-dollar class-action lawsuit that’s been working its way through the legal system since 2014....
...It spent most of its life as a straightforward private-equity-backed insurance brokerage firm and expanded quickly through a series of acquisitions....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...I rode in the second lorry with Charlie Bailey, 23, owner of General Haulage of Great Britain, driver of one of his company’s three trucks and employer and student of the 23-year haulage veteran ahead of...
...of office life in the Swamp Notes newsletter....
...But economists, also worried about rising inflation, are not optimistic that the scale and delivery of the planned stimulus will be enough to prime a “V-shape” recovery from the world’s biggest consumer...
...Called Art Intelligence Global — or AIG, but not to be confused with the insurance company — they are joined by another former Sotheby’s senior staffer, Adam Chinn....
...rights to her life’s work....
...Are there concerns about the safety of this, to human life, to animal life?...
...So you have Suella Braverman coming out and saying people live the life of Riley, essentially....
...Job moves Jacqueline Hunt, a member of Allianz’s board of management in charge of Allianz Global Investors, Pimco and the group’s US life insurance business, is in talks about an early departure, two people...
...While theatre owners and companies welcomed the extra money ploughed into the sector, the Budget announcement did not address the lack of Covid-related insurance for big productions....
...Markets The Bank of England’s quantitative easing programme has made it the biggest holder of UK government debt (gilts), overtaking overseas investors and pension and insurance companies....
...(FT) Volunteering, such as at a vaccination centre, can make one happier, healthier and more satisfied with life. Purpose-seeking companies should take note, writes Pilita Clark....
...In the news Apollo to merge with Athene Apollo Global Management is to merge with Athene Holding, the life insurance company it created at the height of the financial crisis, transforming the alternative...
...Japanese insurer Tokio Marine has said the insurance policies at the heart of the Greensill Capital collapse may not have been valid, as investors pressed the company to detail its exposure to the lender...
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