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...Private capital managers use Bermudian operations to reinsure life insurance and annuity business from companies that they already own as well as from rivals....
...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...Lengthy delays to a £3.2bn battlefield communications system have forced the British Army to extend the life of the ageing one it was due to replace by up to a decade, raising the risk of an enemy intercepting...
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
...Private capital groups have swept into life insurance since the financial crisis, with firms as big as Apollo, Blackstone and KKR either acquiring life insurers — providers of annuities and other products...
...Admiral had even put through a “small price decrease” in the past few months as it sought to win more business....
...London remains an international hub for the sale of insurance and reinsurance, and has continued to grow despite competition from other markets such as Singapore and disruption from Brexit, which raised...
...I don’t think doing orchestral music is better than doing a folk song or an advert. I would do a jingle if it was an interesting thing to do and if I had full rein and freedom.”...
...In full-year results on Wednesday, the life insurance and asset management group reported a 45 per cent rise in new business profit — a measure of expected earnings from newly sold products — to $3.1bn,...
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...— 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?...
...Daily life in Israel continued as normal on Friday morning after its military struck at least one Iranian military base overnight, in a sign that authorities believe the prospects for further exchanges of...
...Private equity groups such as Blackstone expect that falling interest rates will spur an increase in dealmaking that will allow the industry to exit $3tn of unsold private company investments....
...Some bulk annuity providers such as Aviva and Legal & General are part of broader groups offering other types of insurance and investments but PIC, founded in 2006, is a privately owned specialist in the...
...“I don’t recognise the streets anymore . . . even though I was born, raised and lived in Bakhmut all my life,” he said....
...“Unless it is an incredibly rare house, such as one right on the coast or one that’s considered the best of the best, with no defects or in the perfect location, many properties in Cornwall are going for...
...That’s never been my feeling — as an audience member, I always love the big evening.”...
...This has waned recently as people have taken out insurance instead, but remains 35 per cent higher than before Covid....
...The UK bus industry is at an inflection point as it faces the expensive task of switching its diesel buses to electric or hybrid vehicles....
...Often, travel insurance is included either as an extra benefit or service through your bank or credit card company as part of a package of services for which you pay a monthly or annual fee....
...As of this month, both squads count Chase & Status as official sponsors....
...Insurance group Prudential’s new business profit rose by about 45 per cent to $3.1bn last year, as its core business in Hong Kong continued to recover from the impact of coronavirus restrictions....
...The specialist market’s 2023 combined ratio — a measure of claims and expenses as a proportion of premiums — was an impressive 84 per cent, a 7.9 percentage point improvement....
...Community Clothing has yet to make a profit, but Grant claims he can see his venture’s future “as clear as day”: as a big employer with an environmentally friendly campus in the north-west of England, where...
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
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