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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Asked if the savings target — which equates to just over a 10th of the group’s cost base — would include job cuts, Winslow said the company was “not announcing anything on jobs today” and would talk to colleagues...
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...A few weeks ago, a friend was about to have life-saving brain surgery in Boston when her operation was suddenly cancelled. The reason?...
...Savings products contribute the majority of sales in Hong Kong, the company said on Wednesday....
...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 —...
...The company has targeted £100mn in annual cost savings by the end of next year, and a tougher underwriting profit target to be achieved by 2026....
...The name of his new band, Saving Grace, leads one to expect more docility....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...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...
...I should be careful about talking about work-life balance, but the Americans just work harder.” Read more here...
...to house Eurovita’s life insurance policies....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...In 2021, an influential American climate commentator chided his compatriots for being too gloomy about their country’s energy transition....
...But sales at its mainland China joint venture, Citic Prudential Life, dropped nearly 40 per cent year-on-year....
...The PLD impact assessment estimated annual payouts from the reformed system could reach €217mn and insurance costs for companies rise around 10 per cent....
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...Millions of Americans are at risk of running out of savings in retirement,” said Catherine Collinson, president of the non-profit Transamerica Center for Retirement Studies....
...The Belgian company reinforced the idea that this is a cut-price, opportunistic bid, with a second cash-and-shares proposal of about 239p per share....
...But Kuvare has established itself as a canny specialist in the bespoke assets that life insurers invest in. Kuvare joins a growing trend....
...Video produced by Tom Hannen Follow @FTMag to find out about our latest stories first and subscribe to our podcast Life and Art wherever you listen...
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