Hints and tips:
...Reuters ran the following this week: Staff at a large Chinese state-owned mutual fund and a midsized bank have instructed staff not to show off high-end lifestyles, said employees at the firms, declining...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...Green's motor insurance provider cancelled his cover as soon as he switched his address to a Gypsy site. I phoned 54 insurance companies....
...launched Ark Invest — named after the chest said to have held the Ten Commandments — and championed actively-managed exchange traded funds, a structure that combines the stock selection associated with mutual...
...Meanwhile, Twitter is edging closer to accepting Elon Musk’s $43bn bid to buy the company....
...“They’ve done a good job reinventing the business without the benefit of credit and insurance.”...
...American International Group, the insurance company that was a pioneer in the business, has made billions of dollars in profit out of housing tax credits, according to a lawsuit filed in 2017 by several...
...(FT, Reuters) Follow our live coronavirus coverage....
...In the news Apollo to merge with Athene Apollo Global Management is to merge with Athene Holding, the life insurance company it created at the height of the financial crisis, transforming the alternative...
...Follow the money: Next Insurance, a start-up serving small businesses, has raised $250m in a fundraising that valued the company at over $2bn, says Reuters....
...Covéa/Scor: insurance M&A gets messy Insurers are meant to be boring and reliable....
...route for companies to become public....
...Not everyone will want to be locked in a monetary union with countries like the Netherlands, whose prime minister is ideologically opposed to mutual risk-sharing....
...Companies also benefit from this arrangement by avoiding employers’ national insurance....
...Refinitiv, the data provider spun out of Thomson Reuters, has appointed long-time Reuters journalist Richard Mably as its head of news performance....
...higher than the same period last year and ahead of expectations from analysts of €377m according to Reuters data....
...But another powerful group was also top of mind: large mutual funds and institutional investors such as Fidelity that can make or break newly listed companies....
...From what we see,the company’s current approach to fixed-cost allocation is completely appropriate, but the effects are magnified by effectively being a one-product company....
...(FT) Business shuns Prince Andrew The Duke of York is losing corporate support for his charitable work, with companies including KPMG and insurance company Aon distancing themselves from the Queen’s second...
...Taiyo Life Insurance and Fukoku Mutual Life Insurance also announced a shift towards Europe, with the latter telling Reuters earlier this month that the move comes as part of a “rethink” to its previous...
...Smart Reads Climate change: can the insurance industry afford the rising flood risk? Floods were once considered too irregular to insure against....
...Equity, bond and credit mutual funds all had material outflows this week while money market funds had the biggest inflows on record, at $137bn....
...Europe has also caught the eye of Japanese insurers Taiyo Life Insurance and Fukoku Mutual Life Insurance, the latter of which told Reuters earlier this month that the move comes as part of a “rethink” to...
...Meanwhile, Northwestern Mutual, the huge and famously conservative mutual life insurance company, is launching its second, $150m venture fund focusing on fintech and insurtech....
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