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...Executives at Apollo and MassMutual know each other well....
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...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...in analysing complex risks....
...But co-founder and chief executive Daniel Schreiber told the Financial Times that the results, which included a small increase in its cash and investments, from $942mn at the end of the first half to $945mn...
...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...Last month, California’s insurance commissioner announced a series of executive actions intended to stabilise the local market....
...The restructuring was outlined in a memo last month from Lloyds’ chief risk officer Stephen Shelley, who said two-thirds of executives believed risk management was blocking progress while “less than half...
...Although people have been creating new methods to “analyse and crunch numbers for decades”, said Amrit Santhirasenan, chief executive and co-founder of insurance start-up hyperexponential, “Excel has been...
...In Europe, Cinven’s problems have underscored the risks of the first model, they say. “All EU regulators are really down on PE fund owners right now,” said one insurance executive....
...Last year, the market’s chief executive John Neal said he wanted to “get Monday back”, echoing other finance executives who are trying to increase workers’ time in the office....
...“All EU regulators are really down on PE fund owners right now,” one insurance executive told the FT....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Lloyd’s chief executive John Neal, who is leading a push to encourage outside investors, last year predicted insurance spending would double in the next decade because of worries about risks such as climate...
...He predicted that more would come from areas such as insurance-linked securities — where investors put their capital against insurance risks — leading to a “levelling of pricing”....
...“All eyes will be on what state-funded systems like the UK do as they scrutinise the risk-benefit calculation.”...
...This should help offset this risk....
...Scott Nuttall and Joseph Bae, co-chief executives of the New York-based group, told the Financial Times they were seeing an improvement in activity to take portfolio companies public....
...Insurance executives have also highlighted the risk of a misalignment of interests between the long-term nature of this insurance business and the shorter timeframe of ownership through a PE fund, rather...
...They seek regulatory certainty, political risk insurance and foreign exchange risk mitigation....
...Unicredit’s deal-hungry chief executive Andrea Orcel might even be encouraged to buy another insurance 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...
...Blackstone merged its credit and insurance investment operations in September in preparation for a push into asset-backed lending markets, Gray and co-founder Stephen Schwarzman have told shareholders....
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