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...The pair had partnered in a multibillion-dollar unsolicited takeover attempt of annuity specialist American Equity Investment Life, which the latter fended off....
...Wander declined to comment. 777 said A-Cap was one of a number of lenders to the firm and its portfolio companies, and it remained “confident in its ability to fund both the [Everton] transaction and the...
...Private capital managers use Bermudian operations to reinsure life insurance and annuity business from companies that they already own as well as from rivals....
...Otherwise, we’re likely to see a lot of people running out of money in later life. Moira O’Neill is a freelance money and investment writer....
...Finding enough of these could get harder, especially as competition and scrutiny mount. Royal London, another UK life insurer, said Friday it would enter the bulk annuities market in earnest....
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...When they were founded, the likes of Kuvare, Canyon and Angelo Gordon did not occupy the most glamorous corners of Wall Street. Slow, steady and humdrum is having its day in the sun....
...It’s worth noting also that while Hipgnosis imploded and sector peers like Concord have responded to higher-for-longer interest rates by bulking up, the music-as-annuity business model has kept working for...
...“Standard Life’s re-entry provides a welcome boost to the annuity market and gives further choice to those in need of a guaranteed income in retirement,” said Helen Morrissey, head of retirement analysis...
...“People hear pay cheque for life, they think ‘great’. Then they hear the word annuity,” Ackerly said....
...Life expectancy in high-income countries is expected to continue to rise, and their populations to become ever richer....
...capital, it’s possible to buy a purchased life annuity (PLA) using a cash lump sum....
...Zurich, one of Europe’s biggest insurers, struck a deal to sell its German legacy life insurance back book — including annuity and endowment products — to Viridium in 2022....
...But in 2019 a small laboratory in Connecticut reported that it had discovered “extremely high levels” of NDMA when it heated ranitidine....
...Canada Life reported annuity sales doubling to £441mn in the first half of the year, compared with the same period in 2022....
...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...One ambition for the board and investors will be for L&G to expand its international operations and to look for growth outside of the bulk annuity market, which provides the biggest share of its profits....
...He created the Foundation to Combat Antisemitism, and has provided support including the Kraft Center for Jewish Student Life on campus....
...This is what happened to Executive Life, then the largest insurer in California, in the early 1990s: policyholders withdrew $4bn after the company announced losses from junk bond investments, and the company...
...London-based PIC has more than 300,000 policyholders amassed through so-called bulk annuity deals, where it takes over pension fund liabilities and the assets backing them from their sponsoring companies...
...So it’s perhaps no surprise that insurance companies are reporting much bigger sales of annuities....
...for life, whether provided by way of scheme pension or annuity); or flexible drawdown....
...Claer Barrett is the FT’s consumer editor and author of the FT’s Sort Your Financial Life Out newsletter series; claer.barrett@ft.com; Instagram @ClaerB...
...Life insurance is supposedly a stable and predictable business. But Just Group has been buffeted by a blizzard of policy and regulatory changes since it floated in 2013....
...last years of her life so did not qualify for Swiss residency....
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