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...He hailed a recovery in the unit, which posted an underwriting profit in 2022 for the first time since its takeover of the group....
British AI pioneer says the billions of dollars being poured into start-ups is obscuring scientific progress in the field
...The new syndicate was announced on the day of its full-year results, which confirmed its best underwriting performance since 2007....
...Names that have been bandied around in the market for initial public offerings include Santander-backed currency group Ebury, Sweden’s Klarna, the buy now, pay later pioneer, and Starling....
...The move has already caused ructions among direct insurers, contributing to the decisions of insurers such as State Farm to stop underwriting new home cover in California....
...The banks underwriting Arm’s $50bn listing will close orders for shares a day earlier than planned due to strong demand for the biggest initial public offering in nearly two years....
...Lazard, which this year celebrates its 175th anniversary, was a pioneer in the business of advising companies on deals in the 1950s and 1960s....
...Its underwriting profit reached £5.9bn, up from £2.6bn....
...Hiscox has created an artificial intelligence model in collaboration with Google that can automate the core underwriting process for specialist risks, hailing it as a first for London’s insurance market....
...Probitas’s Lloyd’s underwriting syndicate has increased its annual premiums by a fifth every year since 2019, taking in £288mn in 2023....
...The rating agency recently upgraded its credit rating on an improved underwriting performance and a stronger balance sheet. Lloyd’s has also made progress in reviving face-to-face trading....
Strong sales increase pressure on US pioneer to keep crown as top seller of purely electric vehicles
...The decision will mark an embarrassing retreat from terrestrial TV for Murdoch, one of the pioneers of modern broadcasting in the UK as the founder of Sky in the 1980s....
...The Japanese group, a pioneer of digitalisation in bookings for travel, restaurants and hair salons, acquired Indeed, a US jobs site, in 2012 and has been expanding AI services for job searches and matching...
...IAG was one of the main insurers behind $10bn of cover arranged for Greensill through Bond & Credit Co, an underwriting agency the Australian insurer owned a 50 per cent stake in before selling it to Tokio...
...Klarna reported its first quarterly profit in four years as the Swedish “buy now, pay later” pioneer prepares for a possible stock market listing....
...Alibaba, which raised $25bn in the largest-ever US listing in 2014, spent just over half as much as Arm, with $46mn in non-underwriting fees....
...Lloyd’s chair Bruce Carnegie-Brown said the deal underlined the importance of face-to-face trading to the market, saying the underwriting room — a web of underwriters’ desks around the famous Lutine Bell...
Crypto pioneer’s inner circle, a long-tenured judge and Ghislaine Maxwell’s former lawyers among the central players
...It has drawn inspiration from its Swedish rival EQT, which listed in September 2019 and helped pioneer a new structure allowing public investors to benefit from management fees while still reserving the...
...This documents underwriting details relating to over 60 voyages, including the direction and fate of the ships....
...This is driving up insurers’ underwriting risks, lowering returns on equity....
Plus, Allen & Overy and Shearman & Sterling’s transatlantic pact and western banks’ China struggles
...The talks come after two large US deals were struck in October with ExxonMobil agreeing to buy Pioneer for $64bn including debt and Chevron striking a $60bn takeover of Hess, also including debt....
...Greensill had arranged trade credit insurance through Bond & Credit Co — the underwriting agency in which IAG formerly had a 50 per cent stake — to cover contracts in case of default....
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