Hints and tips:
...H&F has invested in business services companies such as advertising agencies, advisory firms and insurance brokerages for decades....
...AEL has in recent years been investing more aggressively in private assets at a time when alternative investment managers such as Apollo, Blackstone, KKR and Carlyle have joined forces with insurance companies...
...Barings told the FT that while some of its funds had paused making investments, it “remains open for business and able to invest” through other vehicles such as its US-listed entity....
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...Bain expects a similar timeframe for completing the legal framework for liability and insurance and improving the accompanying road and telecoms infrastructure....
...Ardonagh is owned by Madison Dearborn and HPS Investment Partners....
...Since General Atlantic first invested in 2016, the company has doubled the number of stores it owns to more than 360 globally....
...General Atlantic has long considered a public listing as one way to broaden its investment operations beyond private equity investments....
...The investment managers that form the layer in between get their capital from insurance companies, sovereign wealth funds, pension funds and so forth....
...It bought out a remaining 37 per stake in insurer Global Atlantic for $2.7bn and reorganised its operations to focus shareholders on the long-term growth of its fee-based earnings, and insurance and investment...
...of Athene, Apollo’s life insurance and annuities subsidiary....
...It was the tenth anniversary of its spinout from French insurance company Axa, a deal dubbed “the robbery of the century” by a rival, and likely the best deal of Senequier’s investment career....
...To avoid detection, Viggiano and his co-defendants allegedly used encrypted messaging apps, such as Signal and the Xbox 360 communication platform....
...Edward Finley of Arrow Wealth Advisory LLC pointed out that from a certain point of view, the question “does private credit, as an asset class, generate excess return” is a sort of category mistake: An...
...Last month, Warburg seeded a new insurance group called Prismic that will use it to manage a portfolio of private equity investments. Warburg is also undergoing succession planning....
...Most of what happens for us in ABF is investment grade, and it is a key driver of our insurance business for Athene and for our third-party insurance clients, and increasingly, for fixed income replacement...
...For its part, Apollo notes that fresh investment in annuities and life insurance had been moribund for years — until it got involved....
...Insurance head Gilles Dellaert will lead the combined unit while credit boss Dwight Scott will become chair....
...Earnings from the spread income it gets from managing insurance assets hit a new record in the second quarter....
...Quarterly earnings the group generated from base management fees on the assets it manages and the spread it earns from investing insurance policies increased 55 per cent to $1.2bn from this time a year ago...
...Going long volatility is an excellent hedge against a big equity market sell-off, but as Montier points out, because of the ongoing cost when markets remain calm it is “the investment equivalent of death...
...The insurance units are required by state regulators to invest the vast majority of their holdings in investment-grade rated debt, to safeguard policyholders....
...Charles Boakye, ESG strategist at US investment bank Jefferies, said insurers’ climate exclusion policies had been making it increasingly difficult for US coal mines to access insurance in the past year,...
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