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...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Depending on region and business line, the Big Four — Deloitte, EY, KPMG and PwC — typically pay first-year graduates between £25,000 and £35,000 in the UK, meaning they are directly affected by the new...
...Access to about £225bn in surplus funds held in traditional-style company retirement plans is to be made easier for thousands of employers under measures set out by the UK government....
...This was offset by a positive contribution from other business lines, such as home insurance and motor rescue....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...The Resolution Foundation found two-thirds of employers would use flexible contracts less if government policy changed along these lines....
...They usually do this difficult and generally overlooked job quietly, not bothering outsiders with a curious vernacular that includes terms such as “rate on line” (the cost of the reinsurance) and “retrocession...
...Insurance is not supposed to be exciting. But Direct Line needs to offer some zing to its shareholders if it is to shake off the attentions of Belgium’s Ageas....
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...The FTSE 250 company, which runs 39 hospitals as well as clinics and medical centres, said it was also benefiting from a strong rebound in corporate private medical insurance as more employers take out policies...
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...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...NBFIs – like mutual funds, pensions and insurance firms – can die without summoning the end of days. Or so one view goes....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Last year, chancellor Jeremy Hunt announced plans to relax the tax charge on surplus funds extracted by employers from company pension plans, with the changes to come into effect in April....
...After a consultation with Flow Integrative, a ketamine therapy provider, the service was overseen by Enthea, a health insurance administrator that offers employers psychedelic treatment for staff....
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...They could also be offering external support, such as through private health insurance....
...“Trouble is that much higher bond yields have transformed DB scheme funding, since ‘superfunds’ were first discussed, and many schemes can now go straight to an insurance company buy-out, with no need to...
...It’s not a shock that corporate debt markets are healthy right now — economic growth is rolling along and rates markets are no longer pricing in recession, reducing companies’ incentive for waiting — but...
...In neighbouring Norway, a defence company was unable initially to expand its main factory; a data centre for TikTok, the Chinese-owned social media platform, had taken the region’s remaining power surplus...
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...Employers’ association the CBI has proposed that employee assistance programmes, such as health insurance, be made a fully tax-free benefit, while the CBI and British Chambers of Commerce are calling for...
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