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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...The sale of a majority stake to New Mountain represents the biggest private equity deal in the sector....
...He previously worked at insurance group Aviva for more than a decade....
...Retirees do not have a vote on a sale of an accounting firms, but they are typically among their largest creditors....
...H&F has invested in business services companies such as advertising agencies, advisory firms and insurance brokerages for decades....
...Google reported $175bn in revenue from search and related ads last year, more than half its total sales, posing a conundrum for the company over how to embrace the latest AI innovations while preserving...
...Under the terms of the transaction, Nationwide will pay 218p in cash for each share of Virgin Money and a final dividend of 2p, the companies said on Thursday....
...The deal would also be a rare acquisition of a listed company by a mutual, which is owned by its more than 16mn members who have a current account, mortgage or savings with the company....
...Nothing screams For Sale louder than a cheap sticker price. A number of listed UK companies seem priced for a quick sale....
...Beijing is developing nationwide rules to clarify which companies will be liable in the case of an accident....
...The report also alleged the company seemed to have incorrectly booked sales of hardware as software and might have misrepresented the nature of its revenue....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...Silver Lake and Emanuel insist that the company will fare best as a private company, less than three years after pursuing the opposite strategy....
...Microsoft’s revenue in the quarter climbed 17 per cent to $61.9bn, driven by cloud computing sales and rampant demand for AI-related services on its Azure platform....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...alleging that Handler was attempting to shake them down for money he did not deserve and that, regardless, whatever equity he had earned required him to be an employee at the time of a Centerview IPO or sale...
...Private health sales rose 41 per cent in 2023, as Aviva continued to benefit from strains on public healthcare. Premiums from its general insurance division, which includes car insurance, also grew....
...Data from S3 Partners shows TMTG is the third-most expensive US stock to borrow for short sales among companies with more than $25mn of short interest, behind cannabis group Canopy Growth and electric-car...
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...The sale of its brokered insurance unit last year has bolstered its balance sheet; a solid solvency position could enable capital returns....
...Vanke, one of China’s leading property developers, said it would cut its debt by $14bn after a nationwide slowdown in the sector hit its sales and saw its profits fall by almost half in 2023....
...It had also seen some examples of companies paying out 70 per cent of the premiums in commission to third parties involved in selling the add-on insurance....
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