Hints and tips:
...the mutual in 2022....
...The deal would also be a rare acquisition of a listed company by a mutual, which is owned by its more than 16mn members who have a current account, mortgage or savings with the company....
...The insurance sector is expecting a hefty bill....
...company....
...Ever since, the promise of eye-watering returns has enticed pension plans, endowments, insurance companies, private banks and business tycoons to pump $5tn into the industry....
...The low levels of cash marked a sharp drop from the first year of the pandemic when US government assistance and reduced consumer spending led to a nationwide jump in cash deposits....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Here’s the FT’s Scott Chipolina....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...Go deeper: Premium subscribers can sign up to our weekly Cryptofinance newsletter from digital assets correspondent Scott Chipolina, delivered to your inbox every Friday....
...“We have a sense of the future that obviously isn’t shared by the market today,” said Schwarzman, who pointed out that the firm drew $88bn in new cash during the quarter as mutual fund companies haemorrhaged...
...health insurance provider....
...Tokyo warned of an “explosion” of infections as nationwide Japan hit a new daily record of more than 150,000 cases....
...Two decades ago, HSBC made a bold gamble to recapitalise an ailing Chinese insurance firm, Ping An....
...Investors have pulled a combined $100bn out of US bond mutual funds and exchange traded funds this year, according to the Investment Company Institute....
...“Migrant workers are much less likely to have formal labour contracts that allow them to pay into social insurance schemes that protect them if unemployed,” she says....
...In 2008, the firm also financed a $1.35bn rescue of Washington Mutual bank, an investment that was wiped out within months....
...While theatre owners and companies welcomed the extra money ploughed into the sector, the Budget announcement did not address the lack of Covid-related insurance for big productions....
...Sandaire was established in 1996 to manage the fortune of the Scott family following the sale of Provincial Insurance, a private-owned property and accident insurance company founded by James William Scott...
...In the UK, polling company YouGov called age the “clear dividing line in British politics”....
...“The basic fact is that pandemic risk is not insurable,” said Jimi Grande, head of government affairs at the National Association of Mutual Insurance Companies....
...Among them, Insurance provider Liberty Mutual has no board members with climate credentials and drugs distributor McKesson — which has been sued for alleged involvement in the opioids crisis — has no board...
...Covéa/Scor: insurance M&A gets messy Insurers are meant to be boring and reliable....
...route for companies to become public....
...Greenpeace blames the Asean code of non-interference in mutual affairs and consensus for the absence of progress....
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