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...He was most recently chief executive of American Equity Investment Life, which was just acquired by Brookfield for $4bn....
...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 increases have put considerable pressure on the millions of households that rely on car insurance, compounding the cost of living crisis....
...Apollo-backed Athora has terminated an agreement to buy a €19bn book of German life insurance business from Axa, citing “significant changes in financial market conditions” for a decision both sides said...
...Although JAB has some exposure to the insurance business already — namely, through a stable of pet insurance companies — it’s limited....
...In 2022, Intel sold a stake of up to 49 per cent in a chipmaking plant it is building in Arizona to Canada’s Brookfield Infrastructure Partners for $15bn in order to finance the $30bn project....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...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 —...
...In 2018, his government rolled out a public insurance policy to cover about 120mn low-income households....
...The steep rise in the cost of home insurance in the US and elsewhere can be traced, in part, to a move two years ago by P&C reinsurers to increase the price of cover against natural catastrophes and toughen...
...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...
...According to Ofcom, about 5.3mn households access TV solely over the internet, compared with 3.9mn households that rely on traditional TV services....
...But a less-followed risk is adding to unease at companies offering life and health insurance: scientists’ warnings, and research findings, that a warming climate is causing an increasing number of excess...
...The Iowa-based company is among the largest sellers of retirement annuities, a status that made it the target of a hostile bid made jointly by Apollo Global Management and MassMutual not long after Bhalla...
...Microchip, a widely used Arizona manufacturer of microcontroller chips, also received a grant to expand....
...But partisan divides are only part of the story. Ultimately, it is the economic realities of daily life that matter most to individuals....
...any life insurance policy....
...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....
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