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...MS Amlin, one of the biggest Lloyd’s of London insurers, plans to expand in areas such as marine cover and liability insurance after spending three years repairing its underwriting profit margins....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...But one government official with direct knowledge of the matter said: “The Treasury is working towards a September fiscal event and will try to cut national insurance by another 2p. That’s the plan.”...
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...These “buyouts” — of pension plans and the assets backing them — are regarded as the gold standard for safeguarding benefits....
...The Insurance Development Forum, a World Bank and UN-backed partnership of insurers and international bodies, plans to raise an infrastructure fund of hundreds of millions of dollars to help developing countries...
...Barclays operates a partnership model in the US market, running co-branded credit cards for 20 companies including The Gap, JetBlue Airways and the AARP....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...Governments need credible commitments and delivery plans for net zero....
...But a clear sense that it has put its pricing problems firmly behind it, plus a plan for competitive and profitable growth, are needed to see off Ageas’s efforts....
...Mitsui Sumitomo Insurance also recently announced expansion plans for its Lloyd’s insurer. But there is a fragility to this recent success....
...A US banking regulator has paused plans to rein in the influence of large investors on individual lenders after it became clear at an open meeting that neither of two rival proposals had majority support...
...The plan has since fractured. Eurovita fell into administration last year, as rising interest rates exposed balance sheet weaknesses....
...The Danish Compromise sounds like a plan to avoid calories at coffee time. But it may be the thing that prompts consolidation among Europe’s banks and insurers....
...Zurich said it was “committed to finding a solution for this portfolio and will explore options in due course”, adding that the deal collapse did not affect its financial targets or capital management plans...
...— The Japanese Bid for Foreign Bonds After the End of Yield Curve Control (Brad Setser and Alex Etra) — Why do people let their life insurance lapse?...
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...He spoke as Labour claimed Hunt’s ambition to scrap employee national insurance contributions amounted to a “£46bn unfunded tax plan”, drawing parallels to the £45bn of unfunded tax cuts in the 2022 mini-Budget...
...Manville plans to knock down another 500 houses. But the buffer means lost property tax revenue....
...A surge in insurance prices has repaired damage to its underwriting margins....
...Rain Newton-Smith, head of the CBI, warned the government that cuts to national insurance in today’s Budget should be coupled with “credible” plans to drive investment in the UK economy....
...Another option is insurance....
...Downing Street added the plan was “a long-term ambition” to eliminate national insurance contributions by workers, which have been cut from 12 per cent to 8 per cent by Hunt....
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance company, according to people familiar with the matter....
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