Page 20 - Clins News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Concise insights on global finance. ----------------------------------------------- IMITATION GAME. Activists are trying to turn the tables on corporate agitator Dan Loeb at his London investment vehicle. Asset Value Investors, which owns 10% of Loeb’s $858 million Third Point Offshore Investors (TPOGu.L), has criticised a lacklustre plan to raise the fund’s uninspiring valuation. They have a point: shares trade at a 14% markdown to net asset value, a discount which has broadly persisted over the past five years. By contrast, AVI claims the median NAV discount for comparable London-...

FinanceItaly probes alleged cartel among automobile insurers Reuters 2 minute read Italy's anti-trust watchdog said on Friday it had opened an investigation into an alleged cartel among insurance companies and insurance price comparison companies to limit competition for automobile insurance. In a statement, the Italian Competition Authority said the companies involved were able to charge consumers higher premiums for automobile insurance policies as a result of the insurers and price comparison companies regularly sharing reports, prepared by the price comparers, of "sensitive information" o...

EnergyColonial Pipeline has cyber insurance policy - sources Reuters 2 minute read A line of vehicles proceeds towards a Wawa gas station, after a cyberattack crippled the biggest fuel pipeline in the country, run by Colonial Pipeline, in Tampa, Florida, U.S., May 12, 2021. REUTERS/Octavio Jones Colonial Pipeline has cyber insurance arranged by broker Aon (AON.N), with Lloyd's of London insurers AXA XL (AXAF.PA) and Beazley (BEZG.L) among the underwriters, three sources told Reuters on Thursday. Colonial Pipeline has begun to restart the nation's largest fuel pipeline network after a ransomwa...

Read More Andrea Orcel stamped his mark on UniCredit within weeks of taking the reins, axing management committees and a dual head structure that had irked some top investors while hiring key lieutenants to oversee strategy and relations at the Italian bank. Orcel, a veteran UBS (UBSG.S) and Merrill Lynch dealmaker who almost landed the top job at Spanish bank Santander (SAN.MC), was hired by UniCredit (CRDI.MI) after its board fell out with his predecessor, Jean Pierre Mustier, over strategy. "I have heard your concerns about the complexity of our business ... I have felt your frustration ab...

TechnologyFrench start-up Shift Technology valued $1 bln in $220 mln round Mathieu RosemainAnna Irrera 3 minute read French start-up Shift Technology, a developer of software to help insurers detect fraudsters, has closed a $220 million fundraising that brings its valuation to over $1 billion, it said on Thursday. The company, whose clients include France's AXA (AXAF.PA), Japan's MS&AD (8725.T) and Hong Kong-based FWD Group, said it will use the funding to develop new products and add functionality to existing ones. "This includes products specifically designed for the health insurance market...