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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create high-yielding assets for insurance companies....
...“If there’s a spill, voters will demand to know why their governments didn’t do more.”...
...The London-based Informa representative said a “message from compliance” had blocked the Israeli company’s registration, according to the emails. Israel has not been sanctioned by the UK government....
...Under such schemes, governments share losses from natural disasters with the insurance sector, or create structures to pool risk....
...He said the best course of action for companies was to wait and see how the issue plays out in court....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Employee ownership accounts for a third of Howden’s shares, alongside external minority shareholders including private-equity groups General Atlantic and Hg....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...This is a test of the government’s commitment to support financial services. Lloyd’s may not get the attention its near-quarter share of City GDP deserves....
...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...
...He spoke as Labour claimed Hunt’s ambition to scrap employee national insurance contributions amounted to a “£46bn unfunded tax plan”, drawing parallels to the £45bn of unfunded tax cuts in the 2022 mini-Budget...
...Hunt signalled that his “long-term ambition” was to abolish employee national insurance altogether, a pledge likely to be central to a Tory general election pitch....
...A former UK Ministry of Defence employee has been sentenced to more than two years in prison after being convicted in a long-running Saudi bribery investigation....
...to end employee national insurance contributions over time....
...The US government has said insurance payouts should “ultimately” contribute to the construction costs, but it does not want financing concerns to delay the rebuilding effort....
...The deal is exactly the kind of change in corporate behaviour the government had quietly wanted for a long time since Japan updated its mergers and acquisition guidelines in 2019....
...“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....
...“Polling shows it’s more popular than national insurance cuts,” said one government insider....
...“Anyone who employs such an employee also bears responsibility for this,” added Faeser, a member of the German Social Democratic party....
...Monday’s report also called for bodies such as the National Infrastructure Commission, an executive agency that provides advice to the government, to be given a “broader remit and be less at the mercy of...
...The area of private medical insurance that has seen the strongest growth has been in the number of people taking out personal cover, according to a survey by Statista Consumer Insights, a research company...
...But public car insurance would be even harder to design than flood-zone home insurance: how would any government limit the number it covered?...
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...from state-owned insurance companies....
...Citizens Advice has previously urged the government and insurers to consider “bold ideas” that can take pressure off cash-strapped households for a financial product it deems an “everyday necessity”....
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