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...“The portfolio has been diversified in consumer goods and services.”...
...“We don’t see an upper limit to that,” he said, adding that generative AI was able to provide responses that were “entirely empathetic and precisely worded”....
...From customer service chatbots to data migration and overhauling research and development in healthcare, Schweizer said BCG is helping companies use AI to cut costs and increase productivity....
...“We don’t believe we fully understand the risks associated with these offshore insurance companies,” said Natalie Winterfrost, a professional trustee and former chair of the investment committee at The Society...
...Kuvare manages insurance portfolios for annuity products that offer fixed payouts to the annuity holder each year....
...“For us, at least we’re recovering. We see the lights at the end of the tunnel,” Wishart added. A court victory “would be great, but we’re not really relying on it”. Others have not been so fortunate....
...In today’s newsletter: Pret’s owner pivots to insurance Saudis grumble over foreign consultants Takeover interest for UK groups jumps Pret’s parent makes a hard pivot into insurance Last time we heard...
...According to filings with insurance regulators reviewed by the Financial Times, the unit ultimately bears much of the risk that individual Berkshire insurance subsidiaries take....
...We don’t really deploy our balance sheet into deals. We’re unlevered as a firm. And we felt that we’d be best served if we did the same thing here in insurance....
...With the season ending up a mild one, the decision helped propel the insurance business to one of the best underwriting profits in its history....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...That has thrown the private equity-backed insurance roll-up strategy into doubt, according to a person familiar with Viridium’s view: “It is clear that we can only keep growing if there is an ownership structure...
...The closest we have come is when Silicon Valley Bank collapsed last year....
...price increases, which we expect to be most pronounced in the prescription drugs, car insurance, tobacco, and medical services categories....
...Often, travel insurance is included either as an extra benefit or service through your bank or credit card company as part of a package of services for which you pay a monthly or annual fee....
...“We’re being told by the private medical insurers that they are taking on record numbers of customers and that is reflected in the data we receive from hospitals for how people are paying for their procedures...
...For good reason: the US spent an estimated $4.5tn on healthcare services in 2022, according to the Centers for Medicare and Medicaid Services....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...“Gap insurance can provide a useful service to customers, but in its current form it does not offer fair value and we want to see improvements,” said Sheldon Mills, executive director of consumers and competition...
...“During the remainder of the year, we plan to incrementally increase marketing and raise awareness for WisdomTree Prime.”...
...NBFIs – like mutual funds, pensions and insurance firms – can die without summoning the end of days. Or so one view goes....
...We would’ve bombed the quiz ourselves....
...In its mid-year report, PwC found that volumes for US health services deals were 4 per cent lower than in 2022....
...Because we’re coming to the big one: exits....
...Before the lawsuit was filed, Corinthia said that “any claims . . . would be without basis and vigorously defended”, adding: “We understand and expect that all exiting Barings employees will meet their enforceable...
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