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...The business was viewed as one of the bank’s most successful units, but took up too much capital and was jettisoned as part of a final restructuring plan....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...So-called superfunds have emerged as a cheaper option for employers looking to offload pension plans without paying a premium for a full insurance buyout....
...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...“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....
...In a paper last year, the IMF warned of potential “contagion” to other parts of the financial system from the rise in PE-linked life insurers. It cited Eurovita as an example of the risks....
...“But Dai-ichi Life is clearly on the conservative side and people will look at it and say that’s Japan Inc. It’s great news for M&A in Japan.”...
...Such instant messaging has even been credited with lowering noise in open-plan offices by moving incidental chatter online....
...“Running a farm wasn’t really part of my life plan,” she admits. But her husband Ant, who had grown up on the 400-acre farm, says he had always been drawn back....
...As Jefferies analyst David Windley explained to me, Cigna is the cheapest of the big health insurance stocks in part because it has the least exposure to Medicare Advantage — that is, to managing older patients...
...He will on Monday unveil an investment package for the UK’s life sciences and manufacturing sectors, as part of what he said would be a Budget to promote the country’s long-term growth prospects....
...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”....
...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....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...be a big part of their “retail offer” to voters at the election....
...Menopause has risen up employers’ agenda as acceptance grows that once-private issues, such as mental health, have an impact on working life....
...Profits may be hit by additional fees as part of the Federal Deposit Insurance Corporation’s plan to recover losses associated with rescuing Silicon Valley Bank and Signature Bank last year, most of which...
...Among the bank’s $4bn in fourth-quarter charges and expenses included $1.7bn it had to pay as part of a “special assessment” from the Federal Deposit Insurance Corporation to recoup losses linked to last...
...“I should plan for a long life,” he says. He hopes eventually to pass on a substantial amount to both his children and grandchild, he adds....
...Separately the government said it would continue to ‘explore’ reforms that would allow workers to have a pension ‘pot for life’....
...The above chart is in the supporting bumf around a much-delayed plan to float a painting....
...In today’s newsletter: Life for Berkshire after Munger Silver Lake’s huge VMware windfall KKR strikes a $2.7bn deal The power shifts within Berkshire as Buffett leans on a new generation Charlie Munger...
...“For each of [the networks’ sports divisions] the pay-TV bundle was a vital part of our business,” said one person involved in the new business....
...“Dune: Part Two will pump life into the box office, and not a minute too soon,” said Paul Dergarabedian, senior analyst at Comscore....
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