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...Most, but not all, of the Ecuadorean bonds have been placed, primarily with pension funds, insurance companies and asset managers....
...carrying out a “thorough” review of all its business units, he said, which include a wholly owned housebuilder, Cala Homes, alongside Britain’s biggest asset manager and its traditional retail and workplace insurance...
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...Its share price and that of bigger rival L&G have snaked sideways for more than a year. Just trades at a 60 per cent discount to book value. Its life insurance peers are closer to parity....
...M&G marries asset and wealth management to a mature insurance business. Rossi wants to grow the former two faster than the latter. Good idea....
...Insurance and savings group M&G has re-entered the bulk annuity market, taking advantage of booming conditions as companies look to offload their pension schemes to insurers....
...The surge in market activity has raised questions about the insurance sector’s capacity to swallow all these schemes, and the regulator has called for insurers to exercise moderation in how much new business...
...L&G sells these to defined benefit pension schemes, capping their risks. A record £25bn have already occurred this year. L&G expects to transact about £11bn itself....
...L&G said that it had written £13.4bn of pension transfer business globally so far this year....
...M&G Investments’ annual bond forum in London earlier this year featured an unusual presence on the stage: a large colourful statue of an elephant....
...Currently, the building has an energy rating of E, in an official range where A+ is best and G is worst. It did not disclose the terms of the deal....
...“We are expecting a similar number of large transactions to close in the second half of the year,” L&G said....
...L&G dominates bulk UK annuities market with about a quarter of the market. Specialists Pensions Insurance Corporation and Rothesay have a fifth each....
...Richard G Little Visiting Research Scholar, Disaster Mitigation Rensselaer Polytechnic InstituteTroy, NY, US...
...FTSE 100 financial and insurance stocks dominated the top 10 net buy lists of the UK’s biggest investment platforms, with their generous dividends proving attractive to retail investors in an inflationary...
...Letters in response to this article: Personal insurance — that’s where I feel inflation’s rise / From Sean O’Connor, London SW6, UK Here’s a challenge from a professor of econometrics / From Peter G Moffatt...
...Letter in response to this article: Why the airline business is unsuited to theory of the firm / From Matthew G Andersson, Founder and Former CEO, Indigo Airlines, Chicago, IL, US...
...executives from nuclear energy firms Results: Accenture Q2, BMW FY, Centamin FY, CK Hutchison FY, Darden Restaurants Q3, Direct Line FY, Enel FY, FedEx Q3, London Gatwick Airport FY, Lululemon Athletica Q4, M&G...
...M&G said: “We considered a range of options but as an active asset manager, the only alternative passive M&G fund available was not suitable given it tracks the FTSE All-Share index, which offers significantly...
...The life insurance group is the UK’s biggest asset manager, investing more than £1.2tn for clients....
.... — Jamie Santos’ Barossa gas project faces doubts despite legal win G’day from Sydney....
...European regulators will scrutinise insurance buyouts more closely as a result. The Musk slips No business round-up is complete without a dispatch from the Elonisphere....
...A spluttering economy raises concerns over credit quality across L&G’s huge bond portfolio....
...L&G: Shares in the UK-based insurer slipped 4 per cent despite strong annuity sales after it posted a first-half operating profit of £941mn, down 2 per cent year on year....
...Wilson, who announced in January that he plans to retire after more than a decade in charge of the FTSE 100 insurance group, added that within the property sector, offices had become a more challenging investment...
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