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...Separately, Bank of America has named Simon Ives as chair of Emea corporate and investment banking. He was previously chair of Emea healthcare investment banking....
...Deutsche Bank has hired Andy Tam from Perella Weinberg Partners as co-head of Americas insurance in the financial institutions group. He will be based in New York....
...company owned by T Rowe Price....
...After insurance payouts, the French group will book a non-recurring charge of $213mn before tax in the fourth quarter of 2023....
...Future of Asset Management North America Hosted by the Financial Times, in collaboration with Ignites and FundFire, Future of Asset Management North America is taking place on September 27-28 at etc.venues...
...Beijing is developing nationwide rules to clarify which companies will be liable in the case of an accident....
...companies....
...At the end of last year, the amount of insured deposits in all FDIC insured institutions nationwide was just over $10tn, or about half the total deposits nationwide....
...Nationwide, the average rate on a traditional savings account stands at 0.39 per cent, up from 0.06 per cent a year ago, according to the Federal Deposit Insurance Corporation....
...“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 company, which provides life insurance in mainland China, has retreated 14 per cent since the start of the year....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...It fell to her eldest daughter, the writer and novelist Doon Arbus, to deal with her still-emergent work as a pioneering photographer of postwar America....
...a nationwide battle over reproductive rights....
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...“The fact of the matter is [that] this is far broader than just insurance brokerage,” Williams said, although he adds that insurance is likely to remain the company’s largest business line....
...That’s why the company is seeking to buy what it calls “mini-MatchMoves” in markets in central Europe, Latin America and the US, he said....
...Exacerbating the divide between rich and poor, only 59 per cent of Latin American health spending came from governments and compulsory health insurance; the remainder was covered by private insurance or...
...Nationwide Insurance will pay employees a minimum of $21 an hour, up from $18, starting next month....
...If you happen to receive Medicaid or you have private insurance in Alabama, it is illegal for either of those to cover abortion. When Roe v Wade is overturned, Alabama is in a really, really bad shape....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Reach out to us at imani.moise@ft.com or sid.v@ft.com....
...Several of the worst-performing companies in the index, including Hippo and Root, focus on personal lines of insurance such as home and auto....
...The plans included launching a business in the Philippines, where the bank has already started applying for a banking licence, and acquiring a payments company in Latin America....
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