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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....
...Warnings are growing from policymakers about an approaching “tipping point” when extreme weather caused by climate change makes insurance unavailable in certain regions....
...The pandemic also encouraged more to buy homes in idyllic, but high risk, areas, including coastal regions....
...“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...
...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....
...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...
...“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....
...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....
...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....
...A bitter row between Turkey and Israel over its offensive in Gaza and instability across the broader region have affected Turkish aviation....
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...The combined group would have revenues of about £4.7bn in North America, JD Sports said, adding that the region’s contribution to sales would increase to about 40 per cent, from current levels of about 30...
...And the challenges that we faced over the last three years have really helped us to navigate different headwinds in different regions of the world. Q3 earnings call, May 2023 Scott A....
...The last significant US bank to fail was First Republic, which was closed by the Federal Deposit Insurance Corporation in early May....
...A Deloitte study commissioned by the company estimates that the average host in the Paris region will generate €2,000 in additional income during the games....
...Business activity in the eurozone has expanded at the fastest pace for almost a year, indicating the region’s economy is emerging from its recent stagnation, according to a closely watched survey of companies...
Case studies in best practice among general counsel and company legal teams in North America
...Insurance and Occupational Pensions Authority....
...Acknowledging that the impact of climate change varies by region and each so-called “peril”, such as wind, fire and flood, Mitchell-Wallace called for a “well-considered” approach from the market with investment...
...The country’s largest banks expensed $16bn to cover the government-imposed “special assessment”, which replenished a deposit insurance fund that was heavily depleted by the failures of Silicon Valley Bank...
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