Hints and tips:
Related Special Reports
...He said the sector needs to “bring to bear” broader forms of insurance capital including from pension funds and sovereign wealth funds through a growing insurance-linked securities market....
...If required, an international fund — maintained by seaborne oil importers — can also be called upon to make a contribution of up to about $1bn....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...“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....
...“Any suggestion that this regulatory approach should be changed lacks substantiation and could harm fund investors,” said the Investment Company Institute, which represents fund managers....
...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...
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...According to the Office for National Statistics, the proportion of UK-listed shares held by insurance and pension funds has fallen since 1997 when the two sectors held a combined 45.7 per cent of UK quoted...
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...Louisiana, which in 2020 was hit by the highest number of storms in any hurricane season on record, has also lost private insurance companies in recent years....
...He and other local activists say they will step up their campaign to halt LNG developments by not just opposing their planning and licensing but also targeting the banks, private equity and insurance companies...
...Any change in policy would particularly affect these two companies because their large index-tracking funds mean they hold positions that are near or above 10 per cent in a substantial number of US banks...
...The Association of British Insurers’ Investment Delivery Forum, set up to facilitate the promised investments, on Monday said new public-private partnerships that use taxpayer funds would reduce risks....
...The finance chief of Italy’s biggest insurer has expressed concerns about potentially conflicting interests when life insurance companies are owned by private equity funds, as anxiety grows about the consequences...
...Rossi, who became chief executive in late 2022, highlighted the group’s investment performance across its funds and the contribution from the life insurance business as the reasons behind the company’s recent...
...In other words, that double-digit-basis-point jump in the 2-year Treasury yield — and the slower pace of rate increases priced into fed funds futures markets — might be warranted....
...This offers customers up to £10,000 to fund resilience measures when they repair their properties. Holiday and caravan parks have been left submerged by days of heavy rainfall....
...He has failed to repeat the company’s feats at Tellurian, his latest venture, which has struggled to get its $25bn Driftwood project in Louisiana off the ground amid rising costs....
...Next, the shadow banking system — an assortment of financial institutions ranging from hedge funds to insurance companies — still lacks the liquidity to weather price adjustments, according to the FSB....
...LIU had intended to use the funds to invest in Lloyd’s of London, the world’s oldest insurance market....
...company....
...a wave of selling by some pension fund strategies forced a Bank of England intervention....
...A group of investors has launched a £100mn fund to help finance the electrification of London’s iconic red buses....
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
International Edition