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The sixth annual ranking of companies in the region with the highest growth. Health tech businesses thrive post-pandemic even as VC funding drops. Plus: Singapore draws in start-ups; new models of corporate success in Japan; India’s EV expansion
...High spending on customer acquisition has been a concern for investors in Lemonade and other insurance start-ups....
...The operations, which employ more than 3,000 people, are integral to the region’s thriving aerospace industry....
...According to filings with insurance regulators reviewed by the Financial Times, the unit ultimately bears much of the risk that individual Berkshire insurance subsidiaries take....
...The pandemic also encouraged more to buy homes in idyllic, but high risk, areas, including coastal regions....
...In terms of regions with significant insured populations, areas such as southern Europe and the US south are a focus....
...“We deeply regret this incident and the problems it has caused for the people of Baltimore and the region’s economy that relies on this vitally important port,” it said....
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...With the season ending up a mild one, the decision helped propel the insurance business to one of the best underwriting profits in its history....
...(Do this thought experiment: picture a conglomerate controlling the same empire of companies as Berkshire, including in notably unpopular industries such as energy, insurance and banking; can you imagine...
...The London lawsuit is just one leg in the sprawling litigation relating to Greensill’s credit insurance: Insurance Australia Group is facing more than $4bn in gross claims and the insurance broker Marsh...
Jump in flows that began in February suggests region has overcome its traditional reluctance to invest in arms
...Vice-chair Ajit Jain, who runs the insurance operations, only joined for the first part of the day....
...Uber also said it was confident that it could “aggregate” demand for self-driving vehicles, which are already available in some regions....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...“The insurance industry has a problem in that region for the foreseeable future.”...
...While climate change is the root cause, this is exacerbated by behavioural and economic factors such as urbanisation and more people moving to coastal regions....
...Order the wine or the grape variety or region you don’t know – that’s what I always do. Because there’s actually nothing less frightening than wine. It’s really frightfully docile.”...
...Price increases would be most significant in loss-affected regions, it said. The cost of reinsurance in catastrophe-hit US areas rose by as much as double in the last annual renewals round....
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...Cigna is in talks to merge with Humana in a deal that would create a US health insurance giant worth $140bn and provide a significant test for antitrust authorities, according to people briefed about the...
...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....
...But it will be companies with large health insurance divisions such as UnitedHealth not traditional retailers, that will have the best shot at capturing more of that $4.5tn pie. pan.yuk@ft.com...
...Airbnb ended the first quarter with its highest number of active listings and said it continued to see “double-digit supply increases across all regions”....
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