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...Names, whose capital used to make up the entirety of the market, account for only 9 per cent today, with corporate money making up the vast majority....
...These types of asset-backed debts have become hotly coveted in the private capital industry as large managers such as Brookfield, Apollo Global and KKR manage insurance-based investment assets, generating...
...The case was “in respect of his conduct as a director of Greensill Capital (UK) Limited and Greensill Limited”, the agency said. Full details of the claim were not immediately available....
...Last month, California’s insurance commissioner announced a series of executive actions intended to stabilise the local market....
...Such groups have become the focus of venture capital investors, who have increasingly been crowded out from an AI investment boom by Big Tech companies that have showered billions of dollars on groups making...
...Tesla might later also look at setting up its own battery plant, following the “gigafactory” model it has followed at its plants in California, Texas, Berlin, and Shanghai, where suppliers have set up shop...
...But it seemed a chance worth taking: according to the US Federal Emergency Management Agency, the risk of severe flooding was only 1 per cent a year. Five years later, Hurricane Ida hit....
...The reinsurance industry says it cannot currently price the type of localised risk that is pushing up home insurance costs and leading to reduced coverage in states like California....
...One year’s strong performance does not make up for dismal returns. The market’s return on capital was just 3.6 per cent since 2017, even taking account of last year’s 25 per cent return....
...Three years ago, British private equity firm Cinven was forging ahead in its quest to buy up chunks of Europe’s sleepy life insurance sector....
...Or as David Frederick of the National Security Agency echoed: “You cannot overstate the critical mass of prepositioning and attack capabilities.”...
...Expanding the Tideway approach could “open up more investment by insurers, to other sectors of the economy”, it said....
...The shares rose by 39 per cent after the change of control provisions were disclosed but have since given up some of those gains....
...The court is deliberating on another case, Relentless Inc vs Department of Commerce, that seeks to overturn a 40-year-old legal doctrine that says courts should generally defer to agencies’ interpretation...
...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....
...“A lot of people are hurting right now, rates are going up and up,” says Kevin Torcia, a broker at Goosehead Insurance in the area....
...permanent loss of capital”....
...“This is a wake-up call for the financial industry and the insurance industry,” executive director of the European Environment Agency Leena Ylä-Mononen told the Financial Times....
...“If there was a surprise over the last 12 months, [it’s] maybe California moving so fast and getting out ahead of the SEC.”...
...The $500mn in funding earmarked for an SSAB commercial-scale steel plant using hydrogen in Mississippi is one of 33 deals by a new agency set up under the Department of Energy, as part of the Biden administration...
...Donald Mackenzie, one of CVC Capital Partners’ co-founders and most successful dealmakers, is stepping back from Europe’s largest buyout firm ahead of its long-awaited public listing....
...A bean-count of Spain’s social insurance pension entitlements eclipses 500 per cent of GDP, while Denmark’s are less than 25 per cent of GDP....
...The fund, which is aiming to raise capital of up to £100mn ($125mn), will offer loans of £1mn-£5mn to businesses “creating impact in the housing, care and social infrastructure sectors”....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...“This is the decades-old problem, which is that the business model of social media is the attention economy,” says Hany Farid, professor in digital forensics at the University of California, Berkeley....
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