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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...
...Last year, it closed its flagship Asia V buyout fund after raising $7.1bn, eclipsing its targets....
...The V&A’s new show, Tropical Modernism, revolves around this odd confluence....
...The rule comes as President Joe Biden toughens his stance on fossil fuel producers in a bid to mobilise progressive voters in the run-up to this year’s presidential election....
...However, Britain’s Department for Culture, Media and Sport has placed a temporary export bar on the carving and given the V&A until June 14 to raise £2mn so it can match the price paid by the American institution...
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Last month, Wegovy received FDA approval to help reduce heart attack and stroke risk in patients with cardiovascular disease, enabling it to be covered by insurance for the more than 50mn Americans on Medicare...
...Other board members include Jeffrey Coors of the eponymous brewing company....
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...The latter two are considered “core services”, because rent costs can be sticky and Americans don’t necessarily pay increases in owners’ equivalent rent in real time....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...Many customers are buying weight-loss drugs outside insurance schemes as obesity is not a widely covered condition in the US....
...In the US, it and fellow index fund providers BlackRock and State Street have come under scrutiny from the left and right for the influence they wield by holding large stakes in most American public companies...
...And despite the threat of tougher enforcement, the policies have never been cheaper, thanks to an increasing number of insurance companies entering the market....
...Biden has also sought to crack down on anti-competitive conduct in business through the appointment of progressive officials in senior roles, including FTC chair Lina Khan....
...As part of the new proposals, the administration also intends to deny companies tax deductions on employees who are paid more than $1mn....
...According to NewsGuard, this includes a network with titles such as the Pennsylvania Independent and the Michigan Independent, which it links to The American Independent, a national progressive site founded...
...Big private equity-cum-asset managers buy insurance companies (see also: Apollo/Athene, Brookfield/American Equity) not to cross-sell, but to gain a source of stable capital....
...The pledge comes three years after the insurance market apologised for its role in the trade, which included extending crucial insurance to voyages and even insuring slaves as cargo....
...Barclays is relying on American consumers to help it achieve that aim and is targeting an $8bn increase in US credit card lending in the next three years....
...The deepest cut has come from American group Procter & Gamble, which in December announced that it would cease in-country production and switch to importing into the west African nation....
...More and more Americans get their news from TikTok, and some say this gives it undue influence....
...For one thing, management seems to have traded English understatement for American optimism....
...“The UAE and Saudi Arabia are some of the most progressive markets in their mindset right now,” Biz2Credit’s Arora said....
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