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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....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...The increases have put considerable pressure on the millions of households that rely on car insurance, compounding the cost of living crisis....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Microchip, a widely used Arizona manufacturer of microcontroller chips, also received a grant to expand....
...Several companies have also left Florida, which has frequent episodes of flooding and hurricanes; many households are now covered only by the state-backed insurer of last resort....
...“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....
...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 —...
...for work and family life....
...Chart of the day Food inflation across rich nations has dropped to its lowest level since before Russia’s full-scale invasion of Ukraine, with a slowdown in price growth easing pressure on millions of households...
...Virgílio, a 69-year-old hardware shop owner in Buenos Aires’ middle-class Almagro neighbourhood, said he had cut his beef consumption and relied on senior discounts to afford the staples of Argentine life...
...But partisan divides are only part of the story. Ultimately, it is the economic realities of daily life that matter most to individuals....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...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....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...The costs of core insurance products, such as home and motor insurance, have come under increased scrutiny amid a cost-of-living squeeze on UK households....
...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....
...Many economists say rising real wages, falling inflation, cuts in national insurance and the increase in the living wage will all help household incomes and spending....
...Long-dated insurance premiums are becoming the funding of choice. The shift is sufficiently seismic that once overlooked credit firms are now the subject of bidding wars....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...Rossi, who became chief executive in late 2022, highlighted the group’s investment performance across its funds and the contribution from the life insurance business as the reasons behind the company’s recent...
...Perenna, which received a full banking licence last year, offers a fixed interest rate for the entire life of its mortgages, up to 40 years....
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
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