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NYDIG's $100M Round From Liberty Mutual, Starr, Gives Rise To Bitcoin Insurance Products
Friday, April 9, 2021 - 8:12am | 343Read More...New York-based Bitcoin investment firm NYDIG Bitcoin Strategy Fund (NASDAQ: BTCNX) has raised $100 million in growth capital from insurance giants like Starr Insurance, Liberty Mutual Insurance, existing strategic investors like New York Life and MassMutual. What Happened: The...
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Prudential To Demerge US Business As Separate Entity, Raise $3 Billion Equity
Thursday, January 28, 2021 - 6:28am | 241Read More...Prudential PLC (NYSE: PUK) is set to demerge Jackson, its U.S. business unit as a separate entity, the Financial Times reports. The move will break-up the 173-year-old life insurer to focus on Asia. The insurance giant had been under pressure from activist investor Third Point to split...
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Blockchain And AI Subsidiary Of China's Largest Insurer Raises US IPO Expectations To $504M
Thursday, December 5, 2019 - 7:04am | 347Read More...In an updated filing with the U.S. Securities and Exchange Commission, OneConnect Financial Technology Limited, a blockchain and AI subsidiary of Chinese insurer Ping An Insurance (Group) Co of China Ltd’s (OTC: PNGAY) increased the amount it hopes to raise as part of its initial...
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Insurance Sector Faces Challenging Y/Y Comparisons In 2Q
Tuesday, July 13, 2010 - 4:12pm | 214Read More...Goldman mentions, "We expect year-over-year earnings for non-life insurers to decline 10% and life EPS to fall 16% in 2Q2010 versus 2Q2009...We expect similar fundamental themes to emerge in 2Q as previous quarters: specifically, modest pressure on underlying underwriting margins, depressed...
