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...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...“But Dai-ichi Life is clearly on the conservative side and people will look at it and say that’s Japan Inc. It’s great news for M&A in Japan.”...
...That compares with combined orders of more than 700,000 last year in Phoenix, San Francisco and Los Angeles, according to Waymo, the self-driving car developer of Google’s parent company Alphabet....
...Under the microscope Apollo’s bold bet on insurance has made it the envy of the private equity world. But it has also invited more scrutiny, Bloomberg reports....
...The emergence of Risc-V has reopened the door for companies to compete in the CPU market....
...One thing to start: The Phoenix Suns are on track to set a record price for the sale of a National Basketball Association franchise, with mortgage lending billionaire Mat Ishbia nearing a $4bn deal to acquire...
...One, known as a technology licence, covers sales of Arm-designed computing cores — the central “brains” of a computer processor....
...Opendoor’s performance — as measured by the prices at which it bought and sold properties — was even worse in key markets such as Los Angeles, where the company lost money on 55 per cent of sales, and Phoenix...
...peak sales at more than $13bn”....
...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....
...The financed offer follows months of uncertainty about the sale of the company after market turmoil sparked by Russia’s invasion of Ukraine....
...An acrimonious fight for 178-year-old insurance company LV is at odds with the communitarian ethos of the UK’s legacy mutual sector....
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...Designed by Walter Aubrey Thomas, the Royal Liver Building was the tallest office building in Europe when it opened in 1911, as the headquarters of the Royal Liver insurance group....
...The FTSE index, which consists of China’s 50 largest companies weighted by market capitalisation, is dominated by the finance and consumer sectors, with names including China Merchants Bank and Ping An Insurance...
...Aon and Willis Towers Watson in July abandoned a $30bn tie-up that would have created the world’s biggest insurance broker....
...A sale for as much as £2bn would therefore value the company at a hefty multiple of 27 times annual earnings....
...An IAG spokesperson highlighted the sale of its BCC stake as “part of IAG’s decision to focus on core general insurance, which meant the exit from a number of agencies which sold niche insurance products...
...“In addition to extensive reinsurance placed by IAG, as part of the sale IAG entered into agreements with Tokio Marine for it to hold any remaining exposure to trade credit insurance written by BCC through...
...(FT) France suspends Morgan Stanley from its government debt sales (FT) Google’s $2.1bn Fitbit deal hits roadblock as EU opens probe (Reuters)Intesa Sanpaolo beats expectations as insurance revenue grows...
...This process is known as phoenixing: the new club rises like a phoenix from the old one’s ashes....
...It was the usual mix of non-GAAP bluffing, giant cash losses and promises of future profitability that we’ve come to expect from a company that can’t ever seem to get its story, or ethics, straight....
...Apollo-owned Aspen Insurance borrowed $500m through a PIK deal on Friday, with roughly half of the proceeds going into the private equity group’s pocket....
...Many of these assets have some crossover and opportunities for collaboration with Berkshire’s expansive portfolio that ranges from iPhone maker Apple, car insurance company Geico, oil producer Occidental...
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