Hints and tips:
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...“The backstop [provided by the insurance sector to the world] will fail,” is what Robinson told staff at Swiss Re, one of the world’s biggest providers of cover for insurance groups....
...An engineer at a hardware technology company, Tsai Tsung-lin earns more than many of his peers....
...HOLD: Direct Line (DLG) The insurer, in keeping with peers, has taken a bath on motor pricing assumptions, writes Mark Robinson....
...Thursday’s complaint marks the first direct challenge to a strategy that sits at the core of the buyout business model....
...A verdict against BioNTech would likely have limited direct financial damage on the company because of an EU legal shield that largely protected vaccine makers from legal liability if they caused unforeseen...
...“You don’t have this level of progressive thinking.” The company is now the second-largest employer in the metro area that includes Normal and neighbouring Bloomington....
...As always you can reach me at sid.v@ft.com....
...Howard Davies: A fundamental reform of property taxation, lowering stamp duty and making the council tax more progressive....
...less expensive to run than direct employee ownership....
...The dominant theme will be insurance companies, providing further evidence of the damage being done by inflation to the sector, especially motor insurers, as the price of parts and other claims costs rise...
...She got a job as the head of media relations to a powerful Greek businessman who owned media and insurance companies....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...That paved the way for bands to use crowdsourcing as a means of direct financing to record albums or pay for tours....
...The government has rejected demands by Tory MPs to postpone the planned national insurance rise — which would have helped only those in work....
...The final pillar includes hundreds of billions of dollars for federal programmes intended to combat climate change, including a scheme that would pay utility companies to increase their renewable energy...
...For progressives, the early days of the DeSantis administration were also earth-shaking....
...Yet high-profile insurance company bankruptcies are nowhere to be seen....
...For EU nationals, the sponsored work visa and the student visa are the most popular types, according to Faydelys Robinson of Eversage Associates, a specialist in inbound UK migration....
...Vietnam takes a progressive line on reproductive rights, from abortion access to parental leave....
...“It’s quite a progressive company in that respect.” Stuart Perry, a regional organiser at the GMB union, has a more cynical view of The Offer in particular....
...The group was forced to book a multi-billion-dollar writedown in the value of its US life insurance business, Jackson, ahead of its planned demerger next month....
...Progressive oil companies’ focus on so-called scope 1 and scope 2 emissions — essentially, their carbon pollution from getting the fossil fuels out of the ground and to the market — is welcome....
...Eric Yuan, chief executive, claimed the company was moving from being “a killer app company to a platform company”....
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