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...Andrea Rossi told the Financial Times he wanted M&G to be a “European leader in private assets” as he unveiled strong full-year results for the FTSE 100 asset manager....
...L&G’s balance sheet investment unit was flat after a tougher second half for the property market, and its asset manager, Legal & General Investment Management, posted an expected fall in profit as higher...
...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....
...US plans for shutting down a global bank call for removing top management, wiping out the shareholders and imposing losses on creditors of its holding company....
...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....
...Regulators require insurance companies to keep plenty of rainy day funds aside for any premiums written. For example, M&G has entered the bulk annuities market with two smallish deals worth £620mn....
...Insurance and savings group M&G has re-entered the bulk annuity market, taking advantage of booming conditions as companies look to offload their pension schemes to insurers....
...Judge William Young on Tuesday ruled in their favour, prohibiting the companies from closing the deal....
...Lloyd’s said the agreement with Chinese insurance company Ping An, which has owned the building for a decade, will allow it to continue its renovation of workspaces and make further refurbishments, including...
...The surge in market activity has raised questions about the insurance sector’s capacity to swallow all these schemes, and the regulator has called for insurers to exercise moderation in how much new business...
...“It’s everyone from insurance companies, [to] sophisticated family offices and even sovereign wealth funds.”...
...Demand for UK pension deals is booming as companies aim to rid themselves of legacy schemes....
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
...A trailing dividend yield of 8 per cent for L&G is in line with peers Aviva and Phoenix. Investors worry about asset quality in bond and real estate portfolios....
...In a speech earlier this year, the Bank of England’s Prudential Regulation Authority, which oversees insurance companies, called for moderation “in the face of considerable temptation” to do deals....
...Could ESG better account for a company’s climate governance?...
...The Barossa Project is a crucial development for Santos, the A$24bn ($15.7bn) Adelaide-based company that traces its roots to the 1950s....
...Letters in response to this article: Personal insurance — that’s where I feel inflation’s rise / From Sean O’Connor, London SW6, UK Here’s a challenge from a professor of econometrics / From Peter G Moffatt...
...“We’re not music producers,” says Raymond Weil’s Bernheim, adding that his company made sure the musicians kept the rights to their music....
...Shares in the companies have fallen by more than 20 per cent in the year to date as a result. Their top 10 status shows investors’ love for a bargain....
...So far 50mn Americans have insurance coverage for Wegovy and last month the FDA approved its use to cut cardiovascular risks in obese and overweight patients....
...The life insurance group is the UK’s biggest asset manager, investing more than £1.2tn for clients....
...There are of course other important announcements due this week, not least a steady flow of results, probably best described as a smorgasbord, from retailers and drugmakers to technology companies and insurance...
...Bain expects a similar timeframe for completing the legal framework for liability and insurance and improving the accompanying road and telecoms infrastructure....
...L&G dominates bulk UK annuities market with about a quarter of the market. Specialists Pensions Insurance Corporation and Rothesay have a fifth each....
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