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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...The new owner was originally cloaked by his limited liability company, but Son was revealed to be the buyer a few months after the purchase by the Los Angeles Times....
...While the PPF’s assets fell from £39bn to £32.5bn in the year to March 2023, this slump was offset by a deeper 25 per cent fall in estimated liabilities....
...London-based PIC has more than 300,000 policyholders amassed through so-called bulk annuity deals, where it takes over pension fund liabilities and the assets backing them from their sponsoring companies...
...Often, travel insurance is included either as an extra benefit or service through your bank or credit card company as part of a package of services for which you pay a monthly or annual fee....
...Company insiders say big-company inertia, a fragmented organisational structure and the lack of a single, coherent company-wide plan for rolling out generative AI across its range of products and services...
...These guarantees were sometimes required even if a business had limited liability and were a deterrent to businesses borrowing in order to expand, the FSB said....
...company less than three months after it won the right to operate a full robotaxi service in San Francisco....
...Driverless cars are being tested in a handful of other US cities and Alphabet’s Waymo has a commercial service in part of Phoenix and surrounding suburbs....
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...In recent months, the California-based Viasat has announced malfunctions in two of its most eagerly anticipated satellites: Viasat-3, which was to provide services to the Americas; and Inmarsat-6 F2, part...
...Such a strategy involves a precise matching of long-dated assets and liabilities, not unlike a player contract with obligations stretching out decades....
...The FT reported on Monday it carries a growing liability to the University of California because of a performance promise it offered in exchange for a $4.5bn investment into its property fund a year ago....
...“Advertisers for the sake of reputations and legal liability need to demand a heck of a lot more transparency than what they’re getting,” she added....
...The Big Read Earlier this week, Knight Insurance Group, one of a handful of companies owned by Los Angeles-based subprime auto loan billionaire Don Hankey, put up the $175mn bond for Donald Trump....
...Guarantees put directors’ personal assets at risk even if their business has limited liability....
...Last month, Warburg seeded a new insurance group called Prismic that will use it to manage a portfolio of private equity investments. Warburg is also undergoing succession planning....
...The UK is pressing ahead with plans to create a resolution regime to deal with the failure of big insurance companies, saying the “swift and decisive” action to rescue Silicon Valley Bank’s UK arm in March...
...The ability to bring institutional investors, retirement systems and insurance companies who have long-dated liabilities or long-dated assets to this market make them ideal partners for the short-dated capital...
...Waste-management companies like Republic Services also say they see an opportunity for profit....
...insurance company....
...Apollo’s life insurance business gives it a first-mover advantage over rivals trying to catch up via pricey acquisitions of insurance blocks....
...years — to limited fanfare....
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