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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Almost 10 per cent — $850bn — of the US life insurance industry’s assets were owned or managed by private equity firms by the end of 2021, the IMF said....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...“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....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...— 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?...
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...Brussels-based Ageas said a deal would strengthen its position in the European market and help it rebalance towards non-life insurance business....
...Direct Line shareholders should be wary given Ageas’s poor performance in recent years thanks to its overexposure to unfashionable guaranteed life contracts....
...A body representing global insurance regulators has called for “enhanced supervision” of private capital-owned life insurers, citing potential “conflicts of interest” and “increased risk-taking”....
...increase this year, according to industry forecasts, even as politicians and consumer groups voice concern about the impact of rising costs on the millions of households reliant on a car for work and family life...
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...January: cold weather, Blue Monday and the month of that time-honoured ritual of the old insurance policy renewal two-step. You know the dance....
...The point of the temporary accounting-rule change, from the National Association of Insurance Commissioners, was to shield life insurers’ capital from losses caused by rising interest rates....
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...Policymakers and regulators have started paying more attention to the particular risks presented by the flood of PE investment into life insurance....
...Corporate results: The Industrial and Commercial Bank of China and China Life Insurance announce earnings....
...The group is split into an active asset management arm, a life insurance and pensions business and a financial advice business. M&G’s share price rose by about 2 per cent in morning trading....
...Big share moves in Europe today include UK life insurance group Phoenix, Polish supermarket chain Dino and UK sportswear retailer JD Sports: Phoenix Group: Shares in the UK pensions and savings provider...
...According to research from Canada Life, an insurance and retirement services company, more than half of UK adults do not have a will, and 13 per cent say they have no plans to write one....
...Its property and casualty insurance division weakened, posting an overall underwriting loss reflecting worse conditions for areas such as credit insurance, but its major life and health insurance division...
...The group has hailed recent momentum in the US, where it says it has sold record numbers of individual life insurance policies this year while cumulative volume from bulk pension deals since 2015 has passed...
...The pot for life model risks members making poor decisions based on the cheapest or best marketed solutions, rather than those offering the best value for money.”...
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