Hints and tips:
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...“People hear pay cheque for life, they think ‘great’. Then they hear the word annuity,” Ackerly said....
...Last year, Apollo completed its acquisition of Athene — a life and annuities insurer it created in the wake of the 2008 financial crisis — as chief executive Marc Rowan prioritised credit investments as...
...Even the longevity of so-called permanent capital vehicles, a category that includes closed-end funds and the balance sheets of annuity life insurance companies, can be overstated....
...of Athene, Apollo’s life insurance and annuities subsidiary....
...So for the listed insurers it’s more about reputational risk and mood music, per Morgan Stanley: Asset risk at UK life insurers has risen mainly due to the strategy of growing bulk annuities under which...
...As private equity firms face tough conditions to raise traditional buyout funds, many have bolstered their assets by expanding rapidly in the $3tn annuities market — financial products that life insurers...
...As DD’s Sujeet Indap and Mark Vandevelde have chronicled for years, firms like Apollo, Blackstone, Carlyle and several others have built big life insurance and annuities businesses to support the hundreds...
...Last month, KKR got on board, agreeing to buy the former life insurance unit of Goldman Sachs for about $4.4bn....
...Mr Cowdery has raised $3bn for his latest Resolution vehicle, from investors including JPMorgan Chase, KKR, Temasek, Nippon Life Insurance, and the Universities Superannuation Scheme....
...The company is focused on one type of product, variable annuities, and investors fear it could suffer badly in a US economic downturn....
...Some in the industry argue that selling life insurance and pensions online will help to get rid of some of the mis-selling problems — from endowment mortgages in the UK to annuities in the US — that have...
...“When people are employed they tend to have adequate life insurance but as soon as they step away from work in later life they lose their cover — and many have not taken out alternative cover.”...
...He was previously chief executive of Barclays Private Bank for Europe, Emea and Monaco. Rodney Cook has quit as chief executive of Just Group after a turbulent year for the life insurance company....
...Both Siddiqui and his former employer have been trying to buy an annuities specialist named American Equity Investment Life, people familiar with the matter say....
...; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...Stephen Lowe of Just Group, a pension provider, said providers would only be obliged to compare standard annuities and not “enhanced” or “impaired life” products, which pay much more income to those who...
...The latter, an ETF, closely tracks the gold price but there are costs for storage and insurance. Not everyone is a fan....
...IFAs also offer investment advice, and can recommend specific products such as pensions or annuities, plus bolt-on services including inheritance and tax planning, mortgage advice and insurance brokerage...
...in her National Insurance record....
...But Apollo Global set the standard in exploiting insurance companies to fuel growth. It established Athene (a recently listed annuity provider), where Apollo manages the premiums Athene brings in....
...used the released capital to buy an annuity, which pays a secure income for life....
...The black-box exercise that the FSB and FSOC engage in when deciding on Sifi labelling is frustrating for insurance companies and puzzling for everyone else....
...When an annuitant and a joint life policyholder dies, what remains of the annuity fund will pass to the insurer, not heirs, unless there is value protection on the policy....
...Mr Parkin says his company starts by outlining annuity rates, which are often dauntingly low, when meeting clients for the first time....
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