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...“We’re going to keep the company independent,” Maffei said....
...The rating agency also downgraded the Bermudian reinsurer 777 Re because of fears about the quality and diversity of investments which A-Cap and other insurers had “ceded” to 777 Re to manage....
...We’re talking about all sorts of things that are just not real.”...
...German insurers including Munich Re and Allianz have amassed more than €3bn of exposure to the struggling property empire owned by real estate billionaire René Benko....
...HongShan, the Chinese venture capital investor that split from Sequoia Capital last year, also contributed, alongside existing backers including Tencent and Passion Capital....
...“If [Europe] adopts this law, then they’re going to stay competitive. What I do know is if they don’t adopt this law, then there’ll be a cloud of suspicion over industry.”...
...Separately, the insurer Munich Re has said about 76 per cent of disaster-related economic losses in 2023 related to major weather events (earthquakes in Turkey and Syria also resulted in substantial losses...
...Cheyne Capital has hired Frank Benhamou as a portfolio manager for its risk transfer strategy. He previously worked for Barclays....
...“I wish . . . similar decisions could be taken in other European capitals,” he said....
...We’re competing internationally — we’re not in an isolated world. Imposing something like this via regulation is no longer valid,” said Carro....
...It’s no coincidence that he recently attended a ceremony commemorating the 1958 Munich air disaster in which eight United players died....
...But sorry, we’re getting ahead of ourselves....
...But I saw BJP’s spokesman, for example, in Munich, going a bit further and saying Russia is an old friend of India and we’re not gonna give up on that friendship. Do you hear that as well?...
...“All we’re trying to do is, within that world of e-fuels, trying to pick who the winners are,” Alverà said....
...“You’re locked into a programme which is very, very difficult to get out of,” said Curtis....
...that concerned” about 777 Re, which he said did not need more capital: “The business is overcapitalised.”...
...This week in Scoreboard, we’re looking at the increasing influence of private equity in global rugby. Plus we explain how the “chaotic” boss of Adidas helped turn the company around....
...Analysts at Bank of America said the deal should not worsen the outlook for capital returns at Aviva....
...They’re easy to get into the book, but hard to make stick....
...It will be too late for Rosenberger, who told journalists before he died in 1967 that he had unsuccessfully sought to re-enter the company after the war and that his co-founders used the fact he was a Jew...
...“Obviously they’re different industries, but if you’re going to recruit people to a new platform, it’s helpful to have a team excited by a bold new opportunity,” he said. “It’s a similar road map.”...
...“We’re arguing over acronyms while they suffer on the front line.” Ukrainian forces are already having to drastically ration artillery fire, making it harder for them to repel Russian assaults....
...“We’re thinking about the health of the game as a collective. And that is a hugely important thing.”...
...These credit losses could create significant capital losses for some end investors....
...Burford Capital trumpeted last year’s $16bn judgment against Argentina as exemplifying its contribution to the civil justice system....
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