Hints and tips:
...Are hailstones getting bigger, one equity analyst recently asked an executive at Travelers....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...“The Russians’ strategy is to show it is much more resilient to casualties than Ukraine,” said Oleksandr V Danylyuk, head of the Centre for Defence Reforms, a think-tank in Kyiv....
...He also extended a $30mn loan to a company registered in the name of Epstein’s private pilot. The company, Plan D LLC, owned a Gulfstream jet....
...Identittiby Mithu Sanyal, translated by Alta L Price, V&Q Books £12.99 Questions about race, culture and belonging abound in this entertaining debut by German journalist and academic Mithu Sanyal....
...The exhibition Africa Fashion at the V&A in London was a barometer of this shift....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...And then there was the other side of the argument, who said, ‘I don’t care whether they’re black, white, feminist, trans. I don’t care. I want to judge it on the work and the work alone.’”...
...By contrast, well-established and large US insurers such as Travelers and Chubb traded at between one and two times sales....
...With his own work off limits in China and recently censored in Hong Kong, Ai is coruscating about western museums such as the Pompidou, Tate and the V&A that have been paid millions by state-owned companies...
...It’s the import ban the companies don’t like....
...According to real estate services and investment company CBRE, prime rents for apartments in Amsterdam fell by 3.3 per cent in the year leading up to the fourth quarter of 2020....
...The companies declined to comment....
...The obvious casualties are countries already in debt crises before Covid-19 hit....
...But he said Canberra was trying to find different trade partners, including joining the Trans-Pacific Partnership, and negotiating trade deals with the EU and UK....
...There are other clues that Compass does not see that elusive V-shaped recovery....
...Companies still see the advantages of global trade, consumers still benefit from it, and it still makes the world a safer place....
...“Vietnam will actively and selectively attract foreign investments, taking high quality, efficiency, modern technology and environmental protection as the key benchmarks,” Tran Quoc Phuong, deputy minister...
...This reflects the strong performance of large tech and healthcare companies of late that happen to dominate the benchmark....
...Stanley Druckenmiller, a former hedge fund manager, said that “the excitement of reopening is allowing a lot of these companies that have been casualties of Covid to come back and come back in force”....
...A V-shaped recovery is clearly emerging, notwithstanding subsequent waves. Elsewhere, it’s still too early to tell and is dependent on western demand....
...Speaking at the FT’s Global Boardroom event, he said: “I am not convinced that we are going to have a V-shaped recovery. I think it will be more like a U.”...
...Travelers, the $34bn US insurer, warned of an “increasingly challenging tort environment” as its profits fell sharply....
...“Without the support of the labour movement in the US, Mexico and in Canada, the new Nafta will meet the same fate as TPP,” Mr Trumka said, referring to the Trans-Pacific Partnership trade agreement that...
...According to data from CB Insights and Willis Towers Watson, between 2012 and the first quarter of 2019, there were 627 deals involving investment in property and casualty insurtech companies....
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