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...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...The point of the temporary accounting-rule change, from the National Association of Insurance Commissioners, was to shield life insurers’ capital from losses caused by rising interest rates....
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...Private capital groups such as Apollo, KKR and Brookfield have swept into the life insurance sector since the financial crisis, buying insurers and reinsurers or striking asset-management partnerships....
...PIC and CVC declined to comment. Reinet did not immediately respond to a request for comment. The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...which is owned by MassMutual, one of America’s biggest life insurers....
...International stockists on Wine-searcher.com Follow @FTMag to find out about our latest stories first and subscribe to our podcast Life and Art wherever you listen...
...The pledge comes three years after the insurance market apologised for its role in the trade, which included extending crucial insurance to voyages and even insuring slaves as cargo....
...Robinson, a life-long golfer, joined Chenault and some others for two back-to-back rounds at the Augusta National course two years ago....
...Some wanted to limit working hours in order to offset increases in the hourly minimum wage, and others sought to spend less on non-wage benefits such as sick pay, pension contributions and national insurance...
...He confirmed the heavily trailed 2p cut in national insurance contributions, a shake-up of the “non-dom” tax regime and the creation of a “British Isa” to encourage investment in UK-listed companies....
...Whether you drive a Beamer or a banger, the soaring cost of motor insurance may have caused you to gasp when your policy came up for renewal. I lost a day of my life searching for cheaper cover....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...to the port and any loss of life....
...For most workplace pensions that allow direct contributions from salaries, extra payments are also exempt from national insurance premiums, Little points out....
...Her take is political: she critiques the ruthlessness of the “wellness” industry, and sees the body mass index as essentially a scam by insurance companies....
...According to the Office for National Statistics, the average age at which women give birth in England and Wales rose to 30.9 years in 2021, from a postwar low of 26.4 in 1975....
...The PLD impact assessment estimated annual payouts from the reformed system could reach €217mn and insurance costs for companies rise around 10 per cent....
...In newborns, “congenital” syphilis — which can cause miscarriages, stillbirths, or life-long medical problems — was up more than tenfold between 2012 and 2022, according to the US Centres for Disease Control...
...“When there’s finally something that works and brings improved health and quality of life for the individual, there’s very high willingness to pay.”...
...In the US, where the platforms are often the resort of those without insurance, consumers are price-sensitive and choice means they can afford to be fickle. Regulatory scrutiny is increasing....
...There will be serious social problems relating to health insurance, public pensions, education and military manpower.”...
...We are pleased to reveal the winners of the FT Innovative Lawyers North America Awards 2023, celebrating innovation in the legal industry....
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