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...the mutual in 2022....
...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....
...Beijing is developing nationwide rules to clarify which companies will be liable in the case of an accident....
...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!...
...health insurance provider....
...“Migrant workers are much less likely to have formal labour contracts that allow them to pay into social insurance schemes that protect them if unemployed,” she says....
...Now, authorities in Beijing are going further by strengthening rules on attracting foreign capital and listing overseas, the FT’s Ryan McMorrow and Sun Yu reveal....
...Any push to roll such a programme out nationwide would hit Meituan’s cost structure, Zhu said....
...In 2008, the firm also financed a $1.35bn rescue of Washington Mutual bank, an investment that was wiped out within months....
...It has issued 3.5m cards in the four years since its launch, with more than 1m users investing in its mutual fund....
...While theatre owners and companies welcomed the extra money ploughed into the sector, the Budget announcement did not address the lack of Covid-related insurance for big productions....
...pay the same tax as small local companies....
...Last Thursday, the company’s bankers increased the offer after retail bids exceeded the value of shares on sale by more than 870 times. The expanded deal valued the company at about $316bn....
...Users can buy on credit, invest in mutual funds and find insurance through established groups....
...Like with its other offerings, the company earns fees based on percentage of the premiums and contributions that users pay to the insurance firms distributing the products....
...Ant’s valuation rests on the dominance of Alipay, which is used monthly by more than 700m people and 80m businesses in China to make mobile payments, invest in mutual funds, buy insurance and pay bills....
...In the UK, polling company YouGov called age the “clear dividing line in British politics”....
...“The basic fact is that pandemic risk is not insurable,” said Jimi Grande, head of government affairs at the National Association of Mutual Insurance Companies....
...Ryan McMorrow 16....
...Among them, Insurance provider Liberty Mutual has no board members with climate credentials and drugs distributor McKesson — which has been sued for alleged involvement in the opioids crisis — has no board...
...Greenpeace blames the Asean code of non-interference in mutual affairs and consensus for the absence of progress....
...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....
...Other beneficiaries include: Canadian pension funds, mutual funds, insurance companies — and a pair of former investment bankers....
...Just last week Apollo paid $1.6bn, mostly in its own shares, to nearly double its stake in its affiliated life insurance company, Athene Holding....
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