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...A significant part of the Signa group debt was provided by non-bank financial companies such as Dortmund-based insurer Signal Iduna, a midsized company with 12mn customers, mainly in health and life insurance...
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...A new €1.5bn fund, its first targeted specifically at financial services companies, would capitalise on Cinven’s “proven track record” investing in the sector, said Caspar Berendsen, a senior dealmaker at...
...The group’s results were buoyed by strong growth in its credit and insurance business, which has $330bn in assets and helped propel Blackstone’s overall assets to $1.1tn....
...Rossi, who became chief executive in late 2022, highlighted the group’s investment performance across its funds and the contribution from the life insurance business as the reasons behind the company’s recent...
...Private capital groups such as Apollo, KKR and Brookfield have swept into the life insurance sector since the financial crisis, buying insurers and reinsurers or striking asset-management partnerships....
...for the company)....
...UK motorists are being quoted a new record sum of almost £1,000 for the average annual insurance policy, after a dramatic acceleration in prices that has prompted concerns over extra pressures on household...
...Whether you drive a Beamer or a banger, the soaring cost of motor insurance may have caused you to gasp when your policy came up for renewal. I lost a day of my life searching for cheaper cover....
...financial crisis....
...It also intends to take the company private after acquiring the 51.1 per cent stake Pasona owns in Benefit One....
...to house Eurovita’s life insurance policies....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...Chief executive Thomas Buberl told the Financial Times the group would ratchet up sales to businesses with fewer than 1,000 employees, pushing traditional products such as property insurance and specialist...
...’s life....
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...The company is made up of three parts: asset management, a financial advice business and a platform aimed at retail investors....
...Regulations designed to protect the financial system after the 2008 financial crisis require banks to “stress test” mortgage applicants, generally to at least 1 per cent above the current standard variable...
...He confirmed the heavily trailed 2p cut in national insurance contributions, a shake-up of the “non-dom” tax regime and the creation of a “British Isa” to encourage investment in UK-listed companies....
...Thirty years ago, the UK insurance industry was struggling to absorb another major risk, one that threatened life and limb as well as business....
...First, in the hunt for better than near-zero returns at home, Japanese institutions, including pension funds, life insurance companies and banks, have become major international investors....
...This means that offloading liabilities, and the assets backing them, to insurance companies is becoming a viable option for more businesses....
...But when a slice of the booming $1.7tn private credit market is at stake, executives are willing to play by different rules....
...Is the financial titan at risk of getting burnt?...
...According to SunLife, a life insurance and funeral cover provider, the average cost of a basic funeral in the UK is now £4,141, up from £3,953 the previous year....
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