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...In light of rising global risks, Tokio Marine “can no longer stay indifferent to what is happening around the world”, said Komiya....
...It is also the biggest fund ever raised by Brookfield, which manages $850bn across sectors spanning real estate, credit and insurance, renewable energy and corporate buyouts....
...Reinsurance returns last year were 20 per cent, according to brokerage Guy Carpenter. Global reinsurers have little exposure to lower intensity storms....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the fourth quarter of 2023, the 25th consecutive quarter of rate increases....
...“These are extraordinary concessions by Visa, Mastercard and the banks,” said Jaret Seiberg, an analyst at brokerage TD Cowen, who added that the settlement could represent a threat to credit card rewards...
...Still, there’s a big difference between a bitcoin ETF being available on a brokerage platform and being recommended by a firm....
...Michael Van Slooten, head of business intelligence in global insurance brokerage Aon’s reinsurance division, said there was “clearly more appetite [from reinsurers] out there”, adding: “[But] it’s still...
...Aon, one of the world’s biggest insurance brokerages, noted in a report this month that reinsurers had looked to “increase price and reduce coverage in a meaningful way” for Israel and the wider region....
...The research is part of a growing number of strategies that brokerages are using to draw more global investors into a booming Japanese stock market as the country’s benchmark Nikkei 225 and Topix indices...
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...Barings said that in early March more than a dozen employees resigned for Corinthia, alongside global private finance co-heads Fowler and Adam Wheeler....
...Ken’s cold feet: Ken Griffin, Mr Citadel, gave a pro-Nikki Haley super Pac $5mn in December and January....
...“Pet healthcare can cost the equivalent of private healthcare for humans,” said Zoe Cheng, managing partner of IAM Wealth, an insurance brokerage....
...Recent launches from JPMorgan and State Street Global Advisors have all reached the $10bn threshold in about two years, according to Morningstar....
...“Their income is getting squeezed,” said Christopher Whalen, a veteran industry analyst, who is the head of Whalen Global Advisors....
...Citi, which had previously offered investment banking services through a local partner, applied for a Chinese brokerage license in late 2021....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...Decreasing the insurance rate for war-related risks was a “top priority”, said Christina Serebryakova at Atria, a Ukrainian agricommodities and freight brokerage....
...Often regarded as a bellwether for the global economy owing to the breadth of packages and documents it ships, UPS said on Tuesday it now expected revenues in a range between $92bn and $94.5bn in 2024, below...
...The combination of a faster pace of business, global tensions, increases in regulation and rapid advances in artificial intelligence has made finding new models to handle complex legal work a priority....
...Rating agency S&P Global cited these as a reason for downgrading five regional banks earlier this summer....
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...It bought out a remaining 37 per stake in insurer Global Atlantic for $2.7bn and reorganised its operations to focus shareholders on the long-term growth of its fee-based earnings, and insurance and investment...
...Prospective wildfire payouts prompted S&P Global and Moody’s to downgrade PacifiCorp’s debt ratings last year....
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