Buckle’s Marty Young joins panel, “Transforming the Insurance Experience for the ‘Made for Me’ Economy,” on Tuesday, October 20, 2020

Marty Young, co-founder and CEO of Buckle, a tech-enabled financial services company, is speaking on the panel, “Transforming the Insurance Experience for the ‘Made for Me’ Economy,” at Insuretech Connect – ITC Global, taking place virtually on Monday, October 19 – Wednesday, October 21, 2020. Marty is joined on the panel by Adam Edelstein, COO at Munich Re Specialty and Ben Noble, VP, Experience at Erie Insurance. The panel will be moderated by James Carlucci, SVP at ValueMomentum. These leaders are actively engaged in transforming how value is delivered to the customer. ITC Global is the largest and most comprehensive gathering of tech entrepreneurs, investors, and insurance industry incumbents from around the world.

WHAT: Buckle Co-Founder and CEO Marty Young Speaking on ITC Global Panel, “Transforming the Insurance Experience for the ‘Made for Me’ Economy”

WHEN: Tuesday, October 20, 2020, 2:55 p.m. – 3:45 p.m. EDT

WHERE: https://insuretechconnect.com

The digital economy is a “made for me” economy, and customers are rewarding providers who understand them well and provide experiences, products, and services tailored to their needs. In this panel discussion, three leaders hone in on the customer needs and the experiences they seek, overcoming cultural challenges of innovation and harnessing technology to transform how value is delivered to the customer.

Marty is a globally recognized financial executive and advisor with over 20 years of financial and operational experience in addressing over 75 special situation investments. As the co-founder of Buckle, an inclusive financial services platform company which is incorporating new technologies and data into insurance and credit products, alongside executing an M+A strategy, he is passionate about creating the USAA of the gig economy. He also serves

New reports suggest that Apollo CEO Leon Black may have funneled as much as $75 million to disgraced financier Jeffrey Epstein before supposedly cutting ties in 2018.

The initial report published by the New York Times uncovers a number of alleged payments from Black to Epstein made through several companies.

A company that owned Black’s yacht wired $22.5 million to a company in 2017 that managed Epstein’s private jet – a move that raised questions at Deutsche Bank, the report said.

Other transactions passed through Black-owned businesses, according to the report, including a company that Black used to buy much of his billion-dollar art collection. The total amount of money that Black may have funneled to Epstein is around $75 million, which may have allowed Epstein to continue building wealth following his first criminal case.

Ticker Security Last Change Change %
APO APOLLO GLOBAL MGMT 44.97 -1.54 -3.31%

Black owns roughly 23% of Apollo Management Group, according to a Forbes profile on the financier. He also chairs the New York Museum of Modern Art and serves as a member of the Council on Foreign Relations.

Since the initial subpoena of Black in August, Apollo’s stock has steadily declined, falling from around $54 a share to around $42 a share in late September. The stock started to rally over the past couple of weeks, but these revelations may rock the stock’s value again.

TESLA CEO ELON MUSK CRITICIZES WAYMO’S AUTONOMOUS TECH ON TWITTER

Apollo accordingly moved swiftly to distance both Black and itself from Epstein’s dealings.

“Apollo never did any business with Mr. Epstein,” a spokesperson for Black said in a statement to FOX Business. “We understand that the

Joshua Harris, Apollo Global Management Co-Founder speaks during the 2020 Delivering Alpha conference on Sept. 30th, 2020.

CNBC

A notable private equity investor said Wednesday that the boom in special purpose acquisition companies was not just a passing fad.

Apollo Global Management co-founder Joshua Harris said at the Delivering Alpha conference presented by CNBC and Institutional Investor that SPACs were filling a needed role for companies that were closing in on going public. Apollo has both raised its own SPACs and exited its position in companies through the blank check vehicles, Harris said.

“The SPAC part of the IPO market is a part of the market that’s here to stay,” Harris told CNBC’s Leslie Picker.

There has been a rush of SPACs in recent months, outpacing traditional IPOs in money raised in July and August, according to Refinitiv. The companies have raised more than $30 billion so far this year. Harris estimated that SPACs have gone from 3% of the market to 20% during the recent surge. 

The investment vehicles work by going public through their own IPOs, then using their cash to do a reverse merger with a private firm. The publicly traded shares of the SPAC then become the shares of the formerly private company.

Harris said that there is a desire for a quicker process to go public than traditional IPOs and an opportunity for established investment firms like Apollo to make a company more valuable by partnering with them.

“There’s a real need for quick, confidential capital and price certainty and for sponsorship in the markets. And most of the SPACs that have been done have been more emerging growth SPACs, less cash flow more growth. And what we see is the opportunity for sponsorship,” Harris said. 

The private equity veteran said SPACs are filling a