Six years after Adam Gerchen and Ashley Keller sold their litigation finance company for roughly $160 million, they’re back with a new plan: Buying up pieces of lawsuits from their old competitors. The pair’s new venture has raised $750 million for the first litigation fund aimed at secondary transactions, to […]
Finance & Insurance
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LONDON/NEW DELHI/TOKYO, May 25 (Reuters) – Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western underwriters. Insurers from Europe and […]
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NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic. Allianz’s settlements with the U.S. Department of […]
Should the dealership F&I office continue to stand on its own or be incorporated into the sales department? Two industry people tackle that one, offering much different views. Former dealership general manager John Napoleon is a proponent of restructuring F&I into the sales manager’s domain. A few dealers have tried […]
Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar. Today: a global social media manager working in tech who makes $110,000 per year and […]
Thanks to continuing resignations, many employees’ workloads have increased to untenable levels. There are a few common solutions for staffing shortages: redistributing work, hiring replacement employees and outsourcing lower-level tasks. But amid the Great Resignation’s persistent talent shortage, many managers are finding that their usual go-to solutions aren’t enough. The […]