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...A significant part of the Signa group debt was provided by non-bank financial companies such as Dortmund-based insurer Signal Iduna, a midsized company with 12mn customers, mainly in health and life insurance...
...Patricof, who is 89, was there to raise funds for Primetime Partners, an early-stage venture capital fund that invests in companies working to improve the quality of life for older people....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...Family life and professional life were mixed together, which meant we shared so much. That’s what I miss the most.”...
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...In its short listed life, the group’s shares have shed three-quarters of their value....
...Cat Rutter PooleyThe trade off isn’t necessarily growth v fairness. Everyone agrees that we need to get Britain growing. The problem is that you need the broadest ability to be able to do it....
...But London’s EC3 postcode has become an extraordinarily successful insurance cluster....
...Each of the 30 lorries apparently carried an insurance value of up to $200mn....
...Telecom Italia said the US buyout fund offered a 45 per cent premium to the company’s closing share price on Friday, valuing its equity at €10.7bn....
...Blackstone forms insurance partnership with Resolution Life (Wall Street Journal) British Steel auditor Mazars resigns over fee disagreement (FT) MySale recommends shareholders to accept Mike Ashley’s...
...An eventful day in trading in Chinese stocks: shares in China Life Insurance dropped on Monday after Beijing’s anti-corruption agency revealed it was investigating the company’s chair, while shares in Modern...
...A huge chunk of that — Rs205bn — came from the sale of a 3.5 per cent stake in state-run Life Insurance Corporation (LIC) in May through a long-delayed initial public offering....
...It spent most of its life as a straightforward private-equity-backed insurance brokerage firm and expanded quickly through a series of acquisitions....
...Chubb said on Friday it planned to take over the “life and non-life insurance companies that house the personal accident, supplemental health and life insurance business” of Cigna in South Korea, Taiwan,...
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...He was previously CFO of rival Reliance Nippon Life Insurance. Goldman Sachs’ global co-head of industrials investment banking Clare Scherrer is leaving, per Bloomberg....
...Chubb, the insurance group led by Evan Greenberg, made a $65-per-share offer for Hartford in March, but the Hartford board said its go-it-alone strategy would build more value for investors....
...The previous year it sold a book of life insurance business to a consortium led by Bob Diamond’s Atlas Merchant Capital....
...Charlie loves his business and trucking life. He hopes to expand to five lorries. But you should hear him on France and the Gendarmerie. Henry V would blush....
...The company’s biggest business is in commercial lines insurance, where steep price rises have followed a wave of pandemic-related claims....
...Hartford Financial Services Group on Tuesday rejected a $65-a-share offer from Chubb, saying it “would not be in the best interests of the company”....
...Meanwhile, Twitter is edging closer to accepting Elon Musk’s $43bn bid to buy the company....
...They are looking for a long-term, not temporary solution to their unsatisfactory life in China.”...
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