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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...“This is a wake-up call for the financial industry and the insurance industry,” executive director of the European Environment Agency Leena Ylä-Mononen told the Financial Times....
...French President Emmanuel Macron, US climate envoy John Podesta and European Commission president Ursula von der Leyen will attend the summit....
...“The sole reason for all this litigation is that politicians are not doing their jobs,” says Dennis van Berkel, co-founder of the Climate Litigation Network....
...“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....
...Find out about our latest stories first — follow @financialtimesfashion on Instagram — and subscribe to our podcast Life and Art wherever you listen...
...john.gapper@ft.com...
...Mainstream lawmakers have opted to chase more numerous urban voters with “an extreme environmentalist agenda,” says John O’Brien, a spokesperson for MCC Brussels, a think-tank funded by Hungary’s rightwing...
...“Close co-operation is absolutely needed.”...
...“In the discussion on fiscal rules what you see is the comeback of bad old habits of austerity,” said Philippe Lamberts, an MEP and co-president of the Greens....
...Methane, the main component of natural gas, has more heat-trapping power than CO₂ when it leaks into the atmosphere....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...Scofield, imperious and inventive, had the final say, and signalled the evening’s end with a single crunchy chord. ★★★★☆ ronniescotts.co.uk...
...This blend of elite culture and an engaging, unstuffy vision of the good life is clearly alluring....
...“Luxury develops mostly in countries where there is royal patronage,” says John Rigas, chair of Asprey....
...It’s worth bearing in mind that the UK emits 1 per cent of global CO₂, the EU 8 per cent. Global co-operation is necessary to have a meaningful impact on CO₂ whatever its cause or effect....
...“In the past we had more silent resistance and now it seems more conscious and more focused and more co-ordinated.”...
...Pérez, Panama-raised but long based in New York, is the trio’s lead composer; bassist John Patitucci is his foil. And it was their second-guessing empathy that held centre stage....
...Tregenna was built in 1774 as a private home for Cornishman John Stephens and was expanded by GWR in the 19th century before moving back into individual ownership in 1992....
...A body representing global insurance regulators has called for “enhanced supervision” of private capital-owned life insurers, citing potential “conflicts of interest” and “increased risk-taking”....
...The debut album by his post-Roses group The Seahorses featured a track co-written with Gallagher after a drunken jam....
...“similarities” between the sales pitch that was used then and Corinthia’s success in attracting an entire team of senior executives from Barings, which is owned by MassMutual, one of America’s biggest life...
...Additional reporting by Alice Hancock in Brussels...
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