Hints and tips:
...The insurance sector is expecting a hefty bill....
...Hartigan called LV an “outstanding company with a prosperous and dynamic strategy and outstanding employees who serve this mutual’s membership with passion and professionalism”....
...LV has appointed Simon Moore as chair to replace Alan Cook, who stepped down earlier this year following the insurer’s botched sale to US private equity company Bain Capital....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...Innovation in rescue & recovery Milbank Innovation in transformational deals Sullivan & Cromwell Innovation in data analytics Shearman & Sterling Innovation in dispute resolution Cravath, Swaine & Moore...
...Years ago, a friend was conducting an apprentice audit at an engineering company in the wilds of Lancashire....
...two weeks ago announced a merger with its insurance affiliate, Athene....
...Other beneficiaries include: Canadian pension funds, mutual funds, insurance companies — and a pair of former investment bankers....
...Not everyone will want to be locked in a monetary union with countries like the Netherlands, whose prime minister is ideologically opposed to mutual risk-sharing....
...“It was so scary,” she tells our deputy editor of Lex Elaine Moore....
...In addition, the regulators said Mr Forsyth concealed the payments from the board of his company, the Scottish Boatowners Mutual Insurance Association, and “created false minutes to give the misleading impression...
...From what we see,the company’s current approach to fixed-cost allocation is completely appropriate, but the effects are magnified by effectively being a one-product company....
...Equity, bond and credit mutual funds all had material outflows this week while money market funds had the biggest inflows on record, at $137bn....
...; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...Experts say this “all or nothing” outcome might lead more people to take out insurance to protect against the possibility they do not live past five years....
...But the US insurance group is back on the acquisition trail under chief Brian Duperreault in the hopes of restoring some of the group's former glory. Investors are nervous about the plan....
...estate and hotels, as well as insurance and financial services”....
...The agency granted $1.4bn to 179,000 people and households in the region to cover their costs of shelter and rebuilding....
...For this, Charles Dickens, the creator of a famous fictional legal battle — Jarndyce v Jarndyce — might be responsible....
...There is, for instance, no such provision for commercial banking or primary insurance. Some argue these gaps would need to be filled for the mechanism to be a credible option for the UK....
...Longer lives and falling bond yields have progressively reduced the income such lump sums can buy, making what is effectively an insurance policy against living longer than you can afford unpopular....
...Save what you can, invest in good funds, use your tax shelters and keep politics out of your portfolio.”...
...Mr Clancy, who will be based in Singapore, moved to the £26bn asset management arm of Old Mutual, the UK-listed insurance group, from Columbia Threadneedle Investments....
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