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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...In a lawsuit filed last week, Atlantic Coast Life Insurance and Sentinel Security Life Insurance, part of US insurance group A-Cap, asked a New Jersey court to stop AM Best from “issuing the rating it has...
...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...The company agreed last month to acquire Kuvare Asset Management for $750mn, extending its reach into the life insurance sector, a market coveted by many private investment groups....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...“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....
...In addition to taking on life insurance premiums through reinsurance agreements with primary insurers, it plans to offer outsourced investment management to insurers looking for expertise in private assets...
...The Japanese are still the champions of longevity, with life expectancy of 86 for people aged 60 in 2019....
...A body representing global insurance regulators has called for “enhanced supervision” of private capital-owned life insurers, citing potential “conflicts of interest” and “increased risk-taking”....
...The retreat of some banks from the lending market has prompted businesses which began life as buyout firms, including Blackstone and KKR, to develop large private credit arms....
...What at first seems accidental turns out to have been an assassination by a foreign power, using remote gene-editing technologies....
...“similarities” between the sales pitch that was used then and Corinthia’s success in attracting an entire team of senior executives from Barings, which is owned by MassMutual, one of America’s biggest life...
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...This is a co-production with the Teatr Wielki-Polish National Opera, where Treliński is artistic director....
...But we got there in the end and here it is now, for your wintertime pleasure, and as a little insurance policy for us against losing this recipe again....
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...’s life....
...Wall St’s co-heads cannot co-habit: FT Alphaville looks into the strange politics of co-heads inside investment banks....
...Barings said that in early March more than a dozen employees resigned for Corinthia, alongside global private finance co-heads Fowler and Adam Wheeler....
...A-Cap controls life insurers based in Utah and South Carolina. A-Cap chief executive Kenneth King late last month told insurance agents that AM Best’s downgrade was unwarranted....
...They’re moving them to the end accounts — pension funds, sovereign wealth funds, insurance companies, depending on their risk profile — that want to own these assets for life, against their long- duration...
...All very accidental 21st-century chic....
...He approaches co-worker Román (Esteban Bigliardi) and talks him into a deal: if he hides the money, Morán will cut him in....
...When an AI-powered doctor tells you that you’re just being hysterical, the AI-powered insurance company is unlikely to disagree....
...The firm’s ties to A-Cap, an insurance group led by chief executive Kenneth King, have also raised concerns....
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