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...But Merrill was crunched into Bank of America in the 2008 financial crisis, so Herbert bought his baby back with the help of private equity group General Atlantic....
...While Herbert Hoover, US president at the time, remained captured by anti-regulatory forces, FDR made financial reform and spreading the benefits of capitalism more widely a centrepiece of his 1932 campaign...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...“Of course it is emotional. Family life and professional life were mixed together, which meant we shared so much. That’s what I miss the most.”...
...“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....
...It spent most of its life as a straightforward private-equity-backed insurance brokerage firm and expanded quickly through a series of acquisitions....
...of office life in the Swamp Notes newsletter....
...Job moves Jacqueline Hunt, a member of Allianz’s board of management in charge of Allianz Global Investors, Pimco and the group’s US life insurance business, is in talks about an early departure, two people...
...Markets The Bank of England’s quantitative easing programme has made it the biggest holder of UK government debt (gilts), overtaking overseas investors and pension and insurance companies....
...(FT) Volunteering, such as at a vaccination centre, can make one happier, healthier and more satisfied with life. Purpose-seeking companies should take note, writes Pilita Clark....
...Japanese insurer Tokio Marine has said the insurance policies at the heart of the Greensill Capital collapse may not have been valid, as investors pressed the company to detail its exposure to the lender...
...He joins from Herbert Smith Freehills....
...Fitch’s Mr Beato says Genworth, which was spun off from GE years ago, Unum, Aegon Americas and Senior Health Insurance Company of Pennsylvania also have “below average” LTC reserve adequacy....
...discount of 23%), despite some life companies resembling asset managers....
...Stocks, other than those delivering food, are clawing back some of a five-day rally awaiting America’s earnings season to get going properly....
...Earlier this year, he sold off Nestlé’s skin health unit to private equity for roughly $10bn, and also divested a life insurance business for $1.5bn....
...Institutions such as Daiichi Life, a Japanese insurance company, and individual investors have invested in the bonds....
...(FT) Business shuns Prince Andrew The Duke of York is losing corporate support for his charitable work, with companies including KPMG and insurance company Aon distancing themselves from the Queen’s second...
...He was previously chief executive of Barclays Private Bank for Europe, Emea and Monaco. Rodney Cook has quit as chief executive of Just Group after a turbulent year for the life insurance company....
...In legal areas where data are hard to come by, the law firm Herbert Smith Freehills has created what it says is a “mini-hive mind” of real-life lawyers to assess a dispute....
...Insurance executives will face questions this week about the financial implications of the outbreak, especially after it caused an unexpectedly big hit to profits at Reinsurance Group of America....
...Moreover, by blasting the deal publicly, Höttges is trying to get the attention of European regulators who he hopes will make life complicated over the next year as Vodafone and Liberty Global try to get...
...It’s a life — sure, you’re still breathing — but is it a quality of life?”...
...A real estate arm of global insurance company AIG has committed a reported $500m to turn Stowe in Vermont into a rival for high-end western US resorts such as Aspen and Vail....
...Brynne Herbert is founder of Move Guides, which helps companies to relocate staff Mrs Moneypenny I have cried twice at work in the last week....
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