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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....
...A significant part of the Signa group debt was provided by non-bank financial companies such as Dortmund-based insurer Signal Iduna, a midsized company with 12mn customers, mainly in health and life insurance...
...The FCA thinks this could be a risk across a range of insurance lines such as car and home insurance, but also life insurance and pet cover, according to a person familiar with its thinking....
...Insurance Life insurers are big holders of bonds, which they use to back liabilities such as pension obligations. Their share prices were hit hard following the collapse of SVB....
...“It is a huge job [Khan] has ahead of him, and there is no guarantee he will succeed,” Johann Scholtz, banking analyst at Morningstar, told the FT’s Owen Walker. The stakes are high....
...“Beyond Repair” by 85-year-old, Cambridgeshire-based potter Elspeth Owen brings together clay elements that will disintegrate during the six weeks of the biennial....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...“It was one of the most shocking days in my life,” said Hannes Mösenbacher, chief risk officer at Raiffeisen....
...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....
...Family life and professional life were mixed together, which meant we shared so much. That’s what I miss the most.”...
...“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....
...Many of SVB UK’s clients have deposits under the £85,000 threshold covered by the financial insurance scheme. Additional reporting by Rob Smith and Owen Walker...
...He loves it,” says Strong, the former head of the V&A and author of some waspish diaries in which few of the rich, famous and powerful are spared....
...Alexandrovich Marchel and David Owen, Saltmarsh Economics: The aggregate picture will look better, in terms of a stronger economy, pre-election tax cuts, real wage growth, new company formation and lower...
...Former Credit Suisse boss Thiam’s blank-cheque company is in advanced talks to merge with a Californian life sciences group. Both vehicles are listed on Wall Street....
...Ivanishvili was a private banking client who sued Credit Suisse’s Bermudian life insurance subsidiary....
...Credit Suisse announced on Wednesday evening that it could be forced to pay more than $500mn once a court in Bermuda publishes a judgment against the bank’s local life insurance subsidiary....
...Each of the 30 lorries apparently carried an insurance value of up to $200mn....
...Of the 1867 music heard, Owens and Polenzani have the plum, a duet with a theme Verdi recycled for his Requiem....
...A huge chunk of that — Rs205bn — came from the sale of a 3.5 per cent stake in state-run Life Insurance Corporation (LIC) in May through a long-delayed initial public offering....
...As ever, send your thoughts, queries and philosophical riddles to Imani (imani.moise@ft.com) or me (sid.v@ft.com). Happy reading!...
...It spent most of its life as a straightforward private-equity-backed insurance brokerage firm and expanded quickly through a series of acquisitions....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...Second, it means less choice and higher prices, says Owen....
...Charlie loves his business and trucking life. He hopes to expand to five lorries. But you should hear him on France and the Gendarmerie. Henry V would blush....
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