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...The company has been advertising jobs in generative AI across two locations in Zurich, one of which has a particularly low profile....
...He was most recently chief executive of American Equity Investment Life, which was just acquired by Brookfield for $4bn....
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Greensill, which was founded by Australian financier Lex Greensill and counted former UK prime minister David Cameron as an adviser, collapsed in 2021 after failing to secure new insurance cover for the...
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...“Insurance companies probably have a duty to their members and shareholders to resist liability if it’s reasonable to do so,” the barrister said....
...Insurance group Zurich has accused financier Lex Greensill, steel magnate Sanjeev Gupta and certain of their companies of a “conspiracy” to deceive its underwriters and create sham debts....
...Until June 30; further information and tickets here ‘Close-up’, Landesmusuem Praesens-Film, Switzerland’s oldest surviving film company, turns 100 this year....
...Down on the street below, polished chauffeured cars purred past, ferrying Zürich’s lawyers, insurance brokers and financiers to their villas out of town....
...A $20bn deal between Zurich and Viridium collapsed in January on regulatory concerns over the latter’s private equity ownership structure....
...Marston danced for a few years with Swiss companies (including Ballett Zürich), making small-scale work at every opportunity....
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...The US’s Vail Resorts took over Andermatt’s lift company in 2022, bringing a wave of new American visitors....
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Rising commercial insurance prices also lifted rival insurance group Zurich, which reported on Thursday a record adjusted operating profit of $7.4bn, topping analysts’ expectations....
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...Berkshire is the last great American conglomerate, with hundreds of subsidiaries fused with the backbone of the US economy. Its freight trains run over more than 32,000 miles of track....
...Another option: jump on the demerger bandwagon and spin off US yoghurt as a separate publicly listed company....
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
...Bhalla is set to depart as chief executive of American Equity Investment Life when its $4bn sale to Brookfield Reinsurance closes in the coming days. The deal clinched him a $55mn bonus....
...“Congress and the executive branch have concluded, based on both publicly available and classified information, that TikTok poses a grave risk to national security and the American people....
...(Do this thought experiment: picture a conglomerate controlling the same empire of companies as Berkshire, including in notably unpopular industries such as energy, insurance and banking; can you imagine...
...Read up on those transactions in the piece, as well as one relatively opaque deal that hasn’t gotten any media attention at all: an $82bn dividend Berkshire’s biggest insurance unit paid the parent company...
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