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...“Not everybody loves this perhaps, but that [extra spending] dampens near-term profitability. It boosts long-term profitability,” said Schreiber....
...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...He is entitled to annual incentive payments based on long-term performance worth up to 850 per cent of his almost £1.5mn base salary, compared to the maximum of 650 per cent under the previous policy....
...But thousands of former Debenhams employees subsequently suffered cuts to their expected retirement benefits under the Pension Protection Fund’s reduced compensation terms....
...One in four of the companies surveyed already offer private medical insurance, rising to almost half for groups employing more than 1,000 people....
...Yes, while valuations are a good indicator of long-term returns they are useless for timing the short term, but we do believe that relatively good things happen to relatively cheap stocks....
...Employers are required to make accommodations if a condition is considered a disability under the Equality Act 2010, which means it must be deemed a physical or mental impairment that has a long-term negative...
...Ageas has 44,000 employees in 13 countries. Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...My next pick was Everest Group, which is a reinsurer. So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...Total returns for the group’s shares have underperformed the Stoxx 600 insurance sector by a third over the past three years....
...Built for comfort, not speed is a good slogan for annuities — an insurance product offering retirees steady, long-term income....
...This gave them access to a vast amount of assets that could be steered into private credit and other higher-yield assets to match insurers’ long-term liabilities....
...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...
...Costi Perricos, generative AI leader at Deloitte, said the rollout of PairD was “part of [the firm’s] long-term AI investment plans, as we continue to explore the potential that this technology could offer...
...These prevent employees from working for a rival or setting up a competing business for a period of time after they leave a job....
...Large private equity groups like having listed stock. It gives them a higher profile, access to capital and — over the long term — offers founders and employees the chance to sell their holdings....
...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....
...The “big question” investors were asking, he added, was where long-term growth was going to come from, beyond the current wave of corporate pension deals, be it in retail or asset management....
...In an interim report, the body said these partnerships would smooth out investment returns, to help projects achieve an investment-grade credit rating and make them a better match for insurers’ long-term...
...that the departures would “create a range of issues” for Barings and attaching a term sheet offering to buy the credit business....
...It helps that the company also posted its strongest first-half cash generation since 2017. But in the short term, top-line growth is well out of reach....
...Under the terms of the transaction, Nationwide will pay 218p in cash for each share of Virgin Money and a final dividend of 2p, the companies said on Thursday....
...The demand drivers for long-term savings, for retirement, for protection, are very much intact, and they are only going to increase in my view as we move forward,” he said....
...Nationwide, which has 18,000 employees, said the combined group would have assets of about £366bn and be the second-largest provider of mortgages and savings in the UK....
...He confirmed the heavily trailed 2p cut in national insurance contributions, a shake-up of the “non-dom” tax regime and the creation of a “British Isa” to encourage investment in UK-listed companies....
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