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...These types of asset-backed debts have become hotly coveted in the private capital industry as large managers such as Brookfield, Apollo Global and KKR manage insurance-based investment assets, generating...
...services — a potential breach of restrictions imposed by western powers to try to crimp Moscow’s oil revenues....
...It is also the biggest fund ever raised by Brookfield, which manages $850bn across sectors spanning real estate, credit and insurance, renewable energy and corporate buyouts....
...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...Geico and Berkshire Hathaway Specialty Insurance declined to comment. Gen Re did not respond to requests for comment....
...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....
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...For good reason: the US spent an estimated $4.5tn on healthcare services in 2022, according to the Centers for Medicare and Medicaid Services....
...That includes pension funds, asset managers, clearing houses and insurance companies....
...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...
Case studies in best practice among general counsel and company legal teams in North America
...For example, CetoAI will look to marry its services, which provide live data analytics regarding a ship’s systems, with an insurance policy covering the vessel....
...In its mid-year report, PwC found that volumes for US health services deals were 4 per cent lower than in 2022....
MassMutual arm files for temporary restraining order and preliminary injunction after 20 employees defect
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
Trends in geopolitics force faster responses from legal teams
...dilemma Broadcom/VMware spells a win for merger arbs Carlyle cashes in at McDonald’s The French private equity boss with big shoes to fill A decade ago, French private equity group Ardian was spun out of insurance...
...“[In] financial services, the record is particularly poor, as scaling typically requires hiring a lot of people, which erodes culture and can lead to excess risk taking,” he told analysts....
...Combs’ background is insurance; the 53-year-old got his start at Progressive....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...Lyft’s insurance cost per trip is about $2.43, or 50 cents per mile....
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...The list of borrowers shifting from private to public debt markets includes Veritas-backed energy consultancy Wood Mackenzie and UK insurance broker Ardonagh, according to people briefed on the matter....
...The legal fallout from the collapse is expected to take years to resolve, with discovery in the Australian insurance proceedings set to stretch into at least next year....
...“But Dai-ichi Life is clearly on the conservative side and people will look at it and say that’s Japan Inc. It’s great news for M&A in Japan.”...
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