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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Private capital managers use Bermudian operations to reinsure life insurance and annuity business from companies that they already own as well as from rivals....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...The former US president’s team have spent “countless hours negotiating with one of the largest insurance companies in the world”, the lawyers wrote in a filing, citing a broker they hired, but have concluded...
...Shah’s previous business Health IQ, a life insurance broker which used AI, filed for bankruptcy last year after rising interests hit its ability to meet debt payments....
...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 —...
...The point of the temporary accounting-rule change, from the National Association of Insurance Commissioners, was to shield life insurers’ capital from losses caused by rising interest rates....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...The Belgian company reinforced the idea that this is a cut-price, opportunistic bid, with a second cash-and-shares proposal of about 239p per share....
...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....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...for work and family life....
...Meanwhile, Hunt has given £105,261 over the past five years to his South West Surrey constituency Conservative association to help bolster his chances of re-election, the Guardian revealed....
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...The analysts at Employ America have also highlighted auto insurance’s role in the recent gap between the CPI and the Fed’s favoured PCE indicator — and reckon that part of the gap could very possibly narrow...
...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...
...Frank Hester, a healthcare technology entrepreneur, allegedly made the controversial remarks during a 2019 meeting at the Leeds headquarters of his company The Phoenix Partnership, according to The Guardian...
...Barings, a subsidiary of US life insurer MassMutual, filed on Monday for a temporary restraining order and preliminary injunction against Corinthia Global Management in a North Carolina court....
...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...Instead, he said, they should focus on supporting the energy transition, by creating new types of insurance coverage that support key technologies and companies involved....
...In the US, almost a 10th — $850bn — of the life insurance market is owned or managed in partnership with private capital groups, according to the IMF....
...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....
...White said the materials underlined the relationship between Lloyd’s and the African Company of Merchants, a key slave-trading venture, and revealed the role of several members of the governing committee...
...from state-owned insurance companies....
...The “pot for life” proposals come alongside a broader push by the government to increase pension fund investment into areas that could help the economy, such as early-stage companies and infrastructure....
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