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...insurance services — a potential breach of restrictions imposed by western powers to try to crimp Moscow’s oil revenues....
...As companies face the growing risk of such cases, Kooloos warned that the business world was now “moving from a period of principles to a period of hard law”....
...As recently as late March, at least 35 of Gatik’s ships held western insurance — a condition of which is adherence to the G7 price cap on Russian oil sales imposed from last December....
...To wit: The cost of tenants’ and household insurance has climbed 1.6 per cent over the past year. Car insurance has soared 17.1 per cent....
...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....
...“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....
...In addition, their share of insurance start-up Policybazaar doubled to nearly 30 per cent. For lifestyle company Nykaa, it’s up one-and-a-half times to 10 per cent....
...Under the microscope Apollo’s bold bet on insurance has made it the envy of the private equity world. But it has also invited more scrutiny, Bloomberg reports....
...It is also known for financing entrepreneurs who create platform companies to consolidate industries like insurance....
...Here are two cautionary tales. 1) Toshiba Remember in 2017 when a group of western funds backed a desperate cash raising by the scandal-wracked titan?...
...Wu, a 54-year-old retiree in China’s south-western Sichuan province, struggled to get hold of antiviral medication when her 92-year-old mother came down with Covid-19 this month....
...In 1983, he founded Aristotle Inc, a technology consultancy that sold voter data to political campaigns....
...A version of this article was first published by Nikkei Asia on January 24, 2023. ©2023 Nikkei Inc. All rights reserved....
...Citi had been in negotiations with privately owned Russian companies including Expobank and insurance company Reso-Garantia over the fate of its consumer and commercial businesses, the Financial Times reported...
...PM: You are one woman somehow taking on the biggest companies in the world, getting them to tweak their policies and language. So I have to ask: what’s next?...
...Reso-Garantia is one of Russia’s largest insurance companies and already owns a small bank....
...The Indian government’s push to raise cash by selling off stakes in state-run companies ranging from a life insurer to a steelmaker is picking up pace despite growing economic turbulence around the world...
...But one of the jewelled eggs was bought in 2004 by the now sanctioned oil and gas mogul Viktor Vekselberg, who later passed its ownership to a company registered in Panama, Lamesa Arts Inc; it is usually...
...For our main piece, our insurance correspondent Ian Smith analyses how the deeply personal insurance broking business is trying to adjust to a digital world, and further down we have a Q&A with a digital...
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...A version of this article was first published by Nikkei Asia on April 26 2022. ©2022 Nikkei Inc. All rights reserved....
.... ©2022 Nikkei Inc....
...Called Art Intelligence Global — or AIG, but not to be confused with the insurance company — they are joined by another former Sotheby’s senior staffer, Adam Chinn....
...The company added that even high-income countries were getting a price that was “significantly discounted from normal benchmarks” during the pandemic....
...The acquiring company makes a claim on the insurance in 10 per cent to 20 per cent of the cases, according to KPMG....
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