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...Legal & General did £3.2bn of deals last year, Just Group £0.4bn in the same period and Pension Insurance Corporation a cumulative total of £2.5bn as at June last year, while Rothesay does not do any, according...
...Officials are hopeful the ban will be come into effect by the general election, expected next year....
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...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...
...First, general claim values have increased as property prices have soared in recent years. Higher building material costs and skill shortages have added to rebuild and repair charges....
...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...
...For lead underwriting, the general market view is that underwriters and actuaries need to be deeply involved....
...Premiums from its general insurance division, which includes car insurance, also grew....
...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....
...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
...While rivals like Legal & General or privately held PIC chase after the multibillion deals, Just focuses on smaller, sub £100mn transactions, with nearly a third of the market....
...Employee ownership accounts for a third of Howden’s shares, alongside external minority shareholders including private-equity groups General Atlantic and Hg....
...The opinions in this column are intended for general information purposes only and should not be used as a substitute for professional advice....
...Jonathan Dixon, secretary-general at the International Association of Insurance Supervisors, told the Financial Times that while the sweep of private capital groups into the life insurance sector helped...
...Chancellor Jeremy Hunt has raised the possibility of further tax cuts before the next general election as he counts on recent reductions to national insurance and the prospect of lower interest rates to...
...National General implemented rate increases at 10% in 2022 and an additional 12.8% in 2023....
...Laura Hughes, its manager for general insurance policy, said the government should “guarantee that flood prevention and resilience measures are considered in all planning decisions and building standards...
...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...
...claimed earlier on Wednesday that the Conservatives would fund the NIC abolition by “cutting state pensions or cuts to the NHS”, an argument that Labour is expected to use repeatedly ahead of the next general...
...The last possible date for a general election is January 28 2025, but most expect a summer or autumn poll this year. So what are the factors that will shape his decision?...
...Michaela Koller, director-general at Insurance Europe, a trade body, said the proposed changes would “enable the sector to better serve customers and unlock more investment into the European economy”....
...This will be offset by the £21.4bn given back through the cuts to national insurance....
...This year it did the biggest UK deal of its kind, when general insurer RSA offloaded £6.5bn of liabilities to the group....
...Some bulk annuity providers such as Aviva and Legal & General are part of broader groups offering other types of insurance and investments but PIC, founded in 2006, is a privately owned specialist in the...
...He has vowed to go further if the Tories win the general election expected this year by eventually scrapping national insurance contributions....
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