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...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Higher investment income on fixed-income returns also contributed to the rise in group profits, the company said on Friday....
...Pret A Manger has appointed Konrad Meyer, a partner at JAB, as chair....
...Are hailstones getting bigger, one equity analyst recently asked an executive at Travelers....
...Travellers, meanwhile, was an insurance company that also had an investment banking arm. SMITH BARNEY: Smith Barney. They make money the old fashioned way....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...company owned by T Rowe Price....
...It also said the audit would use up too much company time given Travelers already had a “thoughtful and comprehensive” approach to diversity and inclusion....
...Kathleen Donnelly KC acted for 555 sub-postmasters in a 2019 High Court case, known as Bates v Post Office, that led to revelations the company had pursued thousands of people between 2000 and 2014 with...
...Terminal V did not respond to a request for comment....
...He and other local activists say they will step up their campaign to halt LNG developments by not just opposing their planning and licensing but also targeting the banks, private equity and insurance companies...
...Royal Insurance merged with Sun Alliance in 1996. Turning to the 2023 list, HSBC bought the Midland Bank in 1992....
...At the insurance company Travelers, a proposal asking the company to set a deadline to stop underwriting new fossil fuel projects won 8.8 per cent support in May, down from 13 per cent support last year....
...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....
...They say that the fees they can charge in most cases are capped at about €7,000 and are often paid by their clients’ insurance. “It’s cost intensive,” said Cäsar-Preller owner Joachim Cäsar-Preller....
...“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....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...By contrast, well-established and large US insurers such as Travelers and Chubb traded at between one and two times sales....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...“Although you can control a museum during your lifetime, it becomes very difficult after you’ve gone, and then there are the considerations of insurance, access and conservation.”...
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...health insurance....
...As always you can reach me at sid.v@ft.com....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
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