Hints and tips:
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Net income was $355m in 2014, but the company recorded a $266m loss last year, partly because of the costs of natural catastrophes....
...The Hartford was one of the insurers hardest hit by the 2008 market crash in part because of its exposure to variable annuities....
...When Cornell Capital, a company started by a former Goldman Sachs executive Henry Cornell, bought the life and annuities business of The Hartford in December, in partnership with Bob Diamond’s Atlas Merchant...
...Ex-Barclays chief Bob Diamond’s private equity group has signed its biggest ever deal, buying a $100bn book of US life insurance business....
...He had been prosecuted after alerting shareholders to a fraud at Equity Funding Corporation of America, an insurance company....
...“We all have to try to protect our margins, but the reality is they [margins] are going to come down,” Mr Sullivan says. “Stack up those margins against industrial companies or service companies....
...Ms Power joins the £22.2bn asset management arm of Old Mutual, the insurance group, from Wellington, the US asset manager....
...The company is on track to generate sales of US$1.2bn this year....
...Weak investment returns have prompted several US life assurers – including Hartford Financial Services and Genworth – to scale back their annuities operations....
...John Paulson, the billionaire hedge fund manager, last year pressured the Hartford Financial Services Group to sell its life insurance business and refocus on other products....
...Tom Stabile is associate editor of FundFire, a Financial Times service...
...Too large a share of the new service jobs are dead-end and enforced part-time positions that enable the employer to wriggle out of providing healthcare insurance....
...With other private equity funds Mr Ross’s WL Ross fund bought Florida’s Bank United after it was seized by the Federal Deposit Insurance Corporation....
...“The combination of Kroll and Altegrity broadens our capabilities with the addition of a portfolio of industry-leading services to help clients identify and manage risk,” said Mike Cherkasky, Altegrity’s...
...The Federal Deposit Insurance Corp may yet decide the least costly option is to shut down Corus....
...So if you don’t need money; if you own an office building and you have no debt and you want to borrow 40 per cent of today’s value there’s some insurance companies that will make that capital available....
...LLC; Carlyle Investment Management L.L.C.; Blackstone Capital Partners V L.P.; Centerbridge Capital Partners, L.P....
...In other cases, the pain will be even more broadly felt, says Huw van Steenis, analyst at Morgan Stanley. “I think the bigger holders now of securitisations are insurance companies and pension funds.”...
...on behalf of insurance companies, large employers and other organisations....
...JPMorgan is expected to distribute many of the energy positions to clients....
...Verizon, the wireless provider, has been broadcasting video clips of goals and key moments from each game to subscribers to its new V-cast service, under a deal with Univision, the broadcaster that holds...
...Revisionist history Maurice “Hank” Greenberg, the recently ousted chairman of AIG, the world’s largest insurance company, has always been a tough businessman, but even he might have felt a bit hurt if he...
International Edition