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...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...“Of course it is emotional. Family life and professional life were mixed together, which meant we shared so much. That’s what I miss the most.”...
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...It spent most of its life as a straightforward private-equity-backed insurance brokerage firm and expanded quickly through a series of acquisitions....
...I rode in the second lorry with Charlie Bailey, 23, owner of General Haulage of Great Britain, driver of one of his company’s three trucks and employer and student of the 23-year haulage veteran ahead of...
...The head of Avolon, one of the world’s largest aircraft leasing companies, warned of “very significant write-offs” from the likely loss of hundreds of jets leased to Russian carriers....
...of office life in the Swamp Notes newsletter....
...Job moves Jacqueline Hunt, a member of Allianz’s board of management in charge of Allianz Global Investors, Pimco and the group’s US life insurance business, is in talks about an early departure, two people...
...The EU financial services commissioner is due to meet Bank of England governor Andrew Bailey on Monday....
...Markets The Bank of England’s quantitative easing programme has made it the biggest holder of UK government debt (gilts), overtaking overseas investors and pension and insurance companies....
...Japanese insurer Tokio Marine has said the insurance policies at the heart of the Greensill Capital collapse may not have been valid, as investors pressed the company to detail its exposure to the lender...
...for more than a third of the FTSE company’s revenues for the first half of 2020....
...John Lewis Partnership will name James Bailey, a former executive at J Sainsbury, head of the Waitrose supermarket chain as part of a broader reorganisation of management roles at the employee-owned business...
...Fitch’s Mr Beato says Genworth, which was spun off from GE years ago, Unum, Aegon Americas and Senior Health Insurance Company of Pennsylvania also have “below average” LTC reserve adequacy....
...discount of 23%), despite some life companies resembling asset managers....
...Stocks, other than those delivering food, are clawing back some of a five-day rally awaiting America’s earnings season to get going properly....
...(FT, Economist) Cost of US corporate default protection soars Investors are racing to protect themselves from the risk of corporate defaults, sending the cost of credit insurance to levels not seen for...
...(FT) New York Life agrees $6bn deal New York Life Insurance has agreed to pay more than $6bn to purchase a Cigna unit that sells employers non-medical insurance products, according to multiple people briefed...
...Institutions such as Daiichi Life, a Japanese insurance company, and individual investors have invested in the bonds....
...Last summer, Hannah Bailey, the founder of Tie Dye High Five, held a number of workshops for the employees of WeWork, the co-working space provider, during a company retreat....
...(FT) Business shuns Prince Andrew The Duke of York is losing corporate support for his charitable work, with companies including KPMG and insurance company Aon distancing themselves from the Queen’s second...
...We think the threat of insurtech disruption to life and retail P&C insurers may be greater than for commercial P&C (re)insurers given the more complex nature of commercial risks, fewer threats from non-insurance...
...He was previously chief executive of Barclays Private Bank for Europe, Emea and Monaco. Rodney Cook has quit as chief executive of Just Group after a turbulent year for the life insurance company....
...; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...as life returns to normal in 2021....
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