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...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...For many tourists, the British Overseas Territory in the western north Atlantic Ocean — known for its pink sand beaches, luxury hotels, tax haven status, and role as a global insurance hub — is close to...
...Boring problems Elon Musk’s Boring Company has built a tiny loop to move cars through Las Vegas, but workers of the “hyperloop” mass-transit system say its tunnels are packed with chemical sludge, reports...
...Kathleen Donnelly KC acted for 555 sub-postmasters in a 2019 High Court case, known as Bates v Post Office, that led to revelations the company had pursued thousands of people between 2000 and 2014 with...
...Terminal V did not respond to a request for comment....
...It is also not clear if Trump would put any of the money from that company into his campaign, but he could use the proceeds to pay his legal fees....
...Smart reads Miami mogul Property developer Marc Roberts is seeking to reshape Miami’s seedy side into a miniature Las Vegas, the FT writes....
...Four companies spent more than $1mn on private jet travel for chief executives last year — Meta, Lockheed Martin, Netflix and Las Vegas Sands — versus two in 2021....
...Royal Insurance merged with Sun Alliance in 1996. Turning to the 2023 list, HSBC bought the Midland Bank in 1992....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...They say that the fees they can charge in most cases are capped at about €7,000 and are often paid by their clients’ insurance. “It’s cost intensive,” said Cäsar-Preller owner Joachim Cäsar-Preller....
...such as the impact of genetic data on health insurance and how insurers pick the “right” customers....
...“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....
...A: Suzanne Vega Ryan Salame, the former chief executive of FTX Digital Markets, pleaded guilty in September to operating an illegal money-transmitting business....
...From the sharp minds at the company which created Fallout: New Vegas, the game lets you decide whether to fight against the establishment or to become a shill and reap the rewards....
...“It’s like the casinos in Macau and Vegas — you make money on the whales, so you focus on servicing them....
...SVB, through its receiver the Federal Deposit Insurance Corporation, declined to comment....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...He recalls how private wealth managers chased him around after he arrived, while casinos flew out private planes to take him to Las Vegas....
...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....
...“Although you can control a museum during your lifetime, it becomes very difficult after you’ve gone, and then there are the considerations of insurance, access and conservation.”...
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...As always you can reach me at sid.v@ft.com....
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