Hints and tips:
...Blackstone merged its credit and insurance investment operations in September in preparation for a push into asset-backed lending markets, Gray and co-founder Stephen Schwarzman have told shareholders....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...The latest such move came earlier this month, when China’s insurance industry regulator lowered its designated risk level for domestic equities in an attempt to nudge normally cautious insurers to buy more...
...Narendra Modi’s government is expected to raise as much as $8bn from its initial public offering of Life Insurance Corporation of India, as it seeks to ramp up a privatisation drive crucial to financing...
...The UK’s Takeover Panel, which oversees local deal activity, has named Barclays’ co-head of M&A for Emea Omar Faruqui, as its director-general....
...And it’s this idea that in an inflationary period, companies use inflation, in a general inflationary environment, as a co-ordinating mechanism, as a way to all raise prices together....
Quarterly pre-tax profit almost doubles as global rates rise but shares fall on conservative outlook
...Eugene Weng, a lawyer at Shanghai-based firm Wintell & Co, said the airlines’ US listings constituted a relatively small part of their public floats....
...Ultimately, BEA agreed to sell only its life insurance unit to Asian insurer AIA for about $650m. This year, the activist fund told investors it was leaving Hong Kong....
...In this version of London, Soho House members club has turned Richard Rogers’ former Lloyds Insurance building into a multistorey, 24-hour nightclub....
...The announcements by state-owned groups including PetroChina, Asia’s largest oil and gas producer, and China Life Insurance Company, one of the country’s biggest state insurers, come as Beijing and Washington...
...As the summer wore on, Black discussed Ganieva’s demands with a private investigator from Nardello & Co, and with Epstein....
...Additional reporting by Hudson Lockett in Hong Kong...
...As always you can reach me at sid.v@ft.com....
...As ever, drop me a note at sid.v@ft.com if you’ve got thoughts and ideas for upcoming Future of Money newsletters....
...Kevin Rideout, co-head of sales and marketing at HKEX, said the exchange could extend the waiver for another six months without regulatory approval....
...You can reach the fintechFT team at Imani.Moise@ft.com or Sid.V@ft.com. Your thoughts and suggested topics for coverage are always welcome. Thanks for reading....
...Shares in insurance aggregator PolicyBazaar and beauty platform Nykaa have also rallied since their debuts earlier this month....
...Additional reporting by Hudson Lockett in Hong Kong and Song Jung-a and Kang Buseong in Seoul...
...The co-ownership model means less competition for single family homes....
...As ever, send your thoughts, queries and philosophical riddles to Imani (imani.moise@ft.com) or me (sid.v@ft.com). Happy reading!...
...Ethereum co-founder questions economics of rival Solana Joseph Lubin, co-founder of the Ethereum blockchain struck out last week at fast-growing competitor Solana....
...The responses point to higher fuel and utility bills, rising National Insurance and business taxes, supply chain disruption and the combination of higher wages and labour shortages....
...In the health insurance sector, Oscar Health, a company co-founded by Joshua Kushner (brother to Donald Trump’s son-in-law Jared Kushner), has lost more than 70 per cent from its market value since investors...
...“Everyone now expects that remote working will be a thing that will stay,” said Aidan O’Kane, IT director at Allstate Northern Ireland, a US insurance company based in Londonderry, and co-chair of the Cross...
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