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...In December it agreed a $13bn acquisition of US broker NFP, expanding the business it does with mid-sized companies....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Lex Greensill, the son of an Australian melon farmer, enjoyed a privileged relationship with Whitehall officials as he built his supply-chain finance business....
...With a fortune originally made in banking in the mid-19th century, the aggressive, buccaneering approach of the early buyout groups was anathema to their way of doing business: one focused on good corporate...
...Insurance prices are surging as companies look to repair their margins after years of significant losses from severe weather to insured properties, exacerbated by inflation in rebuild costs....
...“Mr Greensill rejects this action as wholly without merit and will robustly address it,” his spokesman said. Last week he sued the business department for alleged misuse of private information....
...Eiopa, the EU regulator, recently issued a supervisory statement setting out what insurers should be doing to make sure their offshore reinsurance is sound....
...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...out for business interruption to a busy eastern US port....
...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...
...“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....
...Pension funds and sovereign wealth funds are around 40 per cent of the business. Insurance companies used to be small, but are now about 30 per cent of our business....
...In decades past, the company car was a symbol of professional status, prized by employees as a visible marker of seniority....
...the group set out a new profit growth target for this line of its business....
...the company in as many years....
...into bank parent companies....
...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....
...Porticoes is similar to a Spac in that is not an operating company and would need to complete an acquisition before opening for business....
...As Sonali Basak pointed out on Bloomberg last week, if the assets are held within insurance-company subsidiaries, insurance regulators will have visibility, and there will be some required disclosures....
...The news will also come as a setback to attempts by Lloyd’s to bring more investors into the insurance market, which is a centuries-old hub for specialist commercial insurance and reinsurance....
...So-called “key-man” risk insurance is worth considering, as it pays out a lump sum that can help cover unforeseen business costs arising from your death....
...Insurance companies are fleeing Florida as costs to insure property have increased dramatically....
...Regional banks are essential for a competitive banking system, particularly for mid-sized business clients....
...Robert Armstrong(Laughter) Well, they buy and sell stuff like huge railroads, hundreds of billions of dollars of Apple stock, many insurance companies, many utilities and energy companies....
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