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...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...Or as David Frederick of the National Security Agency echoed: “You cannot overstate the critical mass of prepositioning and attack capabilities.”...
...Under chair Gary Gensler, the SEC has taken an aggressive approach to crypto, an industry he has defined as a “Wild West”....
...Cocini has been co-head of Bank of America’s global financial institutions group, which will continue to be led globally by Gary Howe, and in Emea by James Gill....
...He said the so-called dealer rule his agency passed this month is more focused on big high-speed trading firms than on hedge funds....
...Sotheby’s high-profile hires include Claire Reynolds, an 18-year veteran of Savills, Marcus O’Brien, right-hand man to Gary Hersham at the luxury specialist Beauchamp Estates....
...Additional contributions from Gary Jones and Benjamin Wilhelm...
...The statement followed a downgrade from rating agency Moody’s on Tuesday, which cut the bank’s overall credit rating to junk....
...Natixis senior economist Gary Ng, meanwhile, estimated Hongkongers spent about HK$67bn in the whole of 2023 on trips to Guangdong....
...Gary Gensler, chair of the SEC, in July called the crypto market “rife with fraud, rife with hucksters”....
...The International Energy Agency is out with its monthly oil report today with divergent views on demand from Opec....
...“But Dai-ichi Life is clearly on the conservative side and people will look at it and say that’s Japan Inc. It’s great news for M&A in Japan.”...
...Steve Bannon called it flooding the zone with shit. I chronicle Trump’s previous five days to give an illustration on how it is impossible to keep up, or remain shocked....
...IAG was one of the main insurers behind $10bn of cover arranged for Greensill through Bond & Credit Co, an underwriting agency the Australian insurer owned a 50 per cent stake in before selling it to Tokio...
...Their formula was so effective that it sparked an enduring argument between the advertising agency and its top client....
...It was denied a licence by Transport for London, the operating authority, in September 2017 and again in November 2019, after the agency said it was not a “fit and proper” operator....
...Moreover, the SEC also sued Coinbase this month, alleging it violated US securities law by failing to register as a broker, national securities exchange or clearing agency....
...Australian insurance agency Bond & Credit Co arranged $10bn of coverage for Greensill, which specialised in supply chain finance and collapsed into administration in 2021 after its insurance expired....
...David Risinger, a Leerink analyst, said in a note on Wednesday that the company had designed its pricing to encourage coverage in employers’ health insurance plans....
...In particular, it has pioneered the practice of creative debt investing using life insurance premiums as a base....
...“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....
...“The annuity is an insurance policy against outliving one’s assets,” said Brendan Curran, SSGA’s US head of defined contribution....
...Bain expects a similar timeframe for completing the legal framework for liability and insurance and improving the accompanying road and telecoms infrastructure....
...Last year it raised $4.5bn towards an eventual $8bn goal from global pension funds, insurance companies and sovereign wealth funds....
...“The ETF provides some diversification with a mix of large-cap banks, insurance companies and capital market firms,” he said. “There are investors out there buying the banks,” said Chedid....
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