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...“The portfolio has been diversified in consumer goods and services.”...
...that could settle insurance claims automatically in seconds....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...based on salary and length of service....
...These types of asset-backed debts have become hotly coveted in the private capital industry as large managers such as Brookfield, Apollo Global and KKR manage insurance-based investment assets, generating...
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...According to filings with insurance regulators reviewed by the Financial Times, the unit ultimately bears much of the risk that individual Berkshire insurance subsidiaries take....
...Shareholders in the insurer also benefit from the higher returns. His new venture will be a “merchant banking model for insurance”, Bhalla said....
...Spire Healthcare has reported double-digit profit growth as it continues to benefit from increased outsourcing by the UK’s National Health Service....
...Often, travel insurance is included either as an extra benefit or service through your bank or credit card company as part of a package of services for which you pay a monthly or annual fee....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...With the season ending up a mild one, the decision helped propel the insurance business to one of the best underwriting profits in its history....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...For good reason: the US spent an estimated $4.5tn on healthcare services in 2022, according to the Centers for Medicare and Medicaid Services....
...That includes pension funds, asset managers, clearing houses and insurance companies....
...the previous year, however £6.2bn was redeemed from its UK institutional asset management division, which it attributed to the government’s disastrous “mini” Budget in 2022 and the de-risking of defined benefit...
...on babysitting services and even a Netflix subscription....
...“All eyes will be on what state-funded systems like the UK do as they scrutinise the risk-benefit calculation.”...
...“Considering the monopolistic circumstances with app stores, we want to realise an environment where the benefits of growth in the digital area can be enjoyed in a fair and equitable manner,” Kazuyuki Furuya...
...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....
...The investors may stand to benefit if European nations continue to boost military spending....
Case studies in best practice among general counsel and company legal teams in North America
...guidance from the Centers for Medicare and Medicaid Services (CMS)....
...Tory MPs also backed one of the few surprise measures in the Budget: Hunt raised the threshold at which parents are charged for claiming child benefit to £60,000 from £50,000, pushing back a notorious tax...
...Last year, UK insurer Hiscox unveiled its own AI model, which it built in collaboration with Google, a move hailed as the first in the London insurance market....
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