by Ekrem Duman | Aug 5, 2026 | Banking, Insurance & Finance, Startup
⚡ TL;DRMunich Re sells insurance to insurers. Its business is pricing risks that occur rarely and cost enormously when they do, which requires a balance sheet large enough to absorb a bad year and a data capability deep enough to price events with almost no...
by Ekrem Duman | Aug 5, 2026 | Banking, Insurance & Finance, Startup
⚡ TL;DRAllianz sells insurance and earns a substantial share of its value from managing other people's money. Through PIMCO and its European asset manager it oversees trillions of euros, a business with high margins, low capital intensity and completely...
by Ekrem Duman | Aug 5, 2026 | Banking, Insurance & Finance, Startup
⚡ TL;DRGermany has roughly one thousand four hundred banks because its system has three separate pillars: commercial banks owned by shareholders, savings banks owned by municipalities, and cooperative banks owned by their members. Two of the three are not...
by Ekrem Duman | Aug 5, 2026 | Banking, Insurance & Finance, Startup
⚡ TL;DRDeutsche Bank has run essentially continuous restructuring since the financial crisis: strategy resets, division exits, cost programmes, litigation settlements and multiple chief executives. The underlying issue is that it tried to be a global investment...
by Ekrem Duman | Aug 5, 2026 | Banking, Insurance & Finance, Startup
⚡ TL;DRUniCredit built a stake in Commerzbank from nine per cent in 2024 to roughly half the voting rights by mid-2026, made a formal all-share offer valuing the bank at around thirty-five billion euros, and saw fewer than two per cent of independent...
