Insolvency Guardian Media Centre
U.S. initial public offerings have the seismic changes in the insurance industry to thank for 2018s biggest share sale.
Axa Equitable Holdings Inc. aims to raise as much as $3.7 billion in its IPO, which is expected to price after the market closes on Wednesday. The business is made up of the U.S. operations of Europes second-largest insurer, Axa SA, including its U.S. Life & Savings unit and a 64 percent stake in money manager AllianceBernstein Holding LP.
The deal is poised to eclipse the two biggest U.S. listings this year, according to data compiled by Bloomberg. Pagseguro Digital Ltd. sold $2.6 billion in stock in January and iQiyi Inc. sold $2.4 billion in March.
For the parent company, the deal repre…
Read the full article at: https://www.bloomberg.com/news/articles/2018-05-09/insurance-s-great-restructuring-seeds-2018-s-biggest-u-s-ipo
Thousand of drivers were informed by text that they had no insurance after the company that covered them went bust.
Alpha – which ran UK brands Cover My Cab and Protector – was declared insolvent in Denmark, meaning people’s cover ended on May 8.
The company insured 700 taxi drivers and 10,000 private hire vehicles in London alone, the Licensed Taxi Drivers Association said.
General Secretary of the LTDA, Steve McNamara said: “We have notified all of our members about this change, to ensure that no-one is unintentionally driving without insurance.
“We will be supporting any of our members that may have been affected.”
The Danish firm also had motor fleet policies in Britain through Cardiff-based managing general agent Lima.
People ha…
Read the full article at: https://www.mirror.co.uk/money/breaking-insurance-brand-alpha-goes-12507411?utm_source=google_news&utm_medium=referral&utm_campaign=google_news&utm_content=sitemap
Theres a massive shake-up afoot at Facebook.
The social networking giant is undergoing a huge restructuring, switching up its executives and rearranging the company into three core product areas. Recode has a big report out with lots of the key details, and some Facebook execs are sharing info on Twitter.
A Facebook spokesperson confirmed the news of the re-organisation to Business Insider.
Facebook will now comprise of three key areas: Family of apps, led by chief product officer Chris Cox;New platforms and infrastructure, led by CTO Mike Schroepfer; and Central product services, led by VP of growth Javier Olivan.
To read more about Facebooks big shake-up, click here.
In related news:
Read the full article at: https://www.businessinsider.com.au/what-you-need-to-know-in-advertising-today-5-9-2018-2018-5
Even though for-profit colleges get a bad rap for being predatory and leaving students saddled with debt but no degree, a significant number of private nonprofit and public colleges have the same issues.
For example, a recent analysis examined 781 colleges where most students borrow and few can repay their loans. While the analysis found that 73 percent of those schools were for-profit colleges, it also identified 209 private nonprofit and public colleges with low completion rates and heavy borrowing.
So, how can prospective students identify problematic colleges that will likely saddle them with debt and where few of their fellow students will graduate? As a policy analyst who examines issues of quality and equity in higher …
Read the full article at: http://theconversation.com/avoid-high-student-debt-and-dropping-out-by-asking-these-4-questions-about-any-college-95834
9 May 2018