Hints and tips:
...New York-listed insurance company Assured Guaranty has amassed more than $10bn of exposure to some of the most heavily indebted UK water utilities, underlining how the risks in the troubled sector have spilled...
...Assured Guaranty, a New York-listed insurance company, has amassed more than $10bn of exposure to UK water utilities and recently struck more deals in the space....
...high, and that it amounts to a federal subsidy for banking companies....
...When Kim Kardashian wore Marilyn Monroe’s dress to the Met Gala last year, she set off rumours about a diabetes drug helping celebrities slim down dramatically....
...But to do that, they’re gonna have to have health insurance, cover it more widely, and they’re gonna have to have government systems that pay for healthcare, cover it more widely....
...Since then, the company has struck deals with groups including Pretium Partners, Adams Street and Monroe Capital....
...“It’s thought of more as an insurance policy.”...
...Monroe has a point....
...By last year, the financial condition of many plans had become so dire that the federal programme to provide back-up insurance to beneficiaries was itself projected to become insolvent by 2026....
...How many others, lacking Monroe’s formidable skills, do not have the mathematical agility to compute increases in the cost of their weekly food shop?...
...Pressured for years by low health insurance reimbursement rates and high taxes relative to other US states, doctors’ salaries in Hawaii are among the lowest in the country....
...My heart goes out to those “struggling companies”, especially their chief executives, that are suffering so much during the pandemic....
...Mr Foley is a billionaire with a record in the insurance sector....
...They were also behind a blank-cheque acquisition company that bought the life insurer Fidelity & Guaranty Life for $1.8bn in 2017....
...One of the challenges is to get three very disparate groups — insurance companies, governments and aid agencies — to work together....
...Set up in 1974, the Pension Benefit Guaranty Corporation (PBGC) was designed to protect and insure the pension benefits promised by private companies....
...Even in the midst of the longest bull market in history, it warned that its own Multiemployer Insurance Program was heading for insolvency by 2025, affecting 10m members....
...Family feuds and fraudsters In 2014 the Waldorf Astoria was sold for almost $2bn to Anbang, the globally ambitious but troubled Chinese insurance company, making it the most expensive hotel ever....
...The two companies already have a partnership and extending their relationship with an ownership stake is sensible....
...Some protection is offered under the Pension Benefit Guaranty Corporation, established in 1974 as an independent federal agency to rescue insolvent funds....
...Tseng previously led West Monroe Partners’ M&A practice and Jacobs was a senior director at Alvarez & Marsal....
...The financial crisis did not work out well for companies which sold specialist insurance on bonds....
...Some companies offer so-called baskets of diamonds as an investment product....
...Apollo appears not to have disclosed these findings to the insurance company....
...The market capitalisation of rival Apollo has been eclipsed by that of its insurance offshoot Athene, while Blackstone made an early move on the sector last year with its acquisition of Fidelity & Guaranty...
International Edition