![]() This news release contains forward-looking statements within the meaning of the U.S. Blueprint's subsidiary, Southwest Land Title Insurance Company, is a title insurance underwriter (NAIC #15305). *Blueprint's subsidiary, Construct Title Company, LLC dba Blueprint Title, is a licensed title insurance agency (NPN 17886901). In 2018, the Company launched its Greenlight Re Innovations unit, which supports technology innovators in the (re)insurance space by providing investment, risk capacity, and access to a broad insurance network. The Company complements its underwriting activities with a non-traditional investment approach designed to achieve higher rates of return over the long term than reinsurance companies that exclusively employ more traditional investment strategies. Greenlight Re (provides multi-line property and casualty reinsurance through its licensed and regulated reinsurance entities in the Cayman Islands and Ireland. I’m thrilled to welcome them to the Company.” ![]() The team at Greenlight Re understood that mission from our first conversation - insurance doesn’t have to be complicated and frustrating. At Blueprint, we use technology, transparency, and innovative insurance models to empower buyers and sellers and to remove friction from the process. The ‘Single Family Residential’ asset class should be accessible to all, and that’s only possible if title and escrow take a modern approach to transactions. Steve Berneman, Chief Executive Officer at Blueprint, said, “Buying real estate has been too difficult for too long. The title market is well-suited to innovative solutions, and we are pleased to partner with Blueprint as they look to transform this market through innovative technology, automated processes, and competitive pricing.” Simon Burton, Chief Executive Officer at Greenlight Re, said, “Title insurance is the perfect example of an inefficient marketplace with high expense ratios. Blueprint’s modernized title closing platform also facilitates an efficient and seamless closing process. Blueprint reduces these costs by centralizing underwriting and agency operations under a full-stack carrier, significantly reducing the expenses per file. The title insurance market has historically experienced outsized expense ratios driven by agency commissions. (“Blueprint”), a full-stack title insurance company with a focus on digitalization and integration of technology.* (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), has announced an investment in Blueprint Holding Co., Inc. 11, 2021 (GLOBE NEWSWIRE) - Greenlight Re Innovations (“GRI”), part of Greenlight Capital Re, Ltd. All rights reserved.GRAND CAYMAN, Cayman Islands, Nov. Benzinga does not provide investment advice. This article Apple's Blueprint: Indian Government Suggests Tesla Adopt Similar Strategy For Chinese Suppliers originally appeared on Read next: BYD in Hot Water Over Alleged Tax Underpayment in India: Reportĭon't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better. However, they remain cautious about Chinese companies expanding in India, particularly automakers.Ĭhinese car manufacturer BYD recently dropped a $1 billion investment plan for electric vehicles in India due to stringent scrutiny. ![]() In recent months, the Indian government has accepted some joint-venture partnerships between Chinese suppliers and Indian firms on a case-by-case basis. This problem isn’t unique to Tesla even the local Tata Motors sources battery cells from China. Why it matters? India’s tense relationship with China, following the 2020 border clashes, complicates Tesla’s plans to utilize crucial Chinese suppliers for parts that India lacks locally. Direct approval for wholly-owned Chinese companies can prove challenging due to the intense scrutiny they’ve faced since the 2020 border disputes between India and China on their Himalayan border. ![]() What Happened? Officials from Tesla told the Indian government that they’d like some of their Chinese suppliers to establish operations in India to bolster the supply chain.Īccording to sources speaking to Reuters, Indian authorities proposed that Tesla adopt Apple Inc’s (NASDAQ: AAPL) method, which involved gaining approvals for Chinese suppliers through local joint-venture partners.
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