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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....
...Hunt’s Budget maintained a tight grip on public spending to help finance a £10bn a year cut in national insurance contributions....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...She proposed a range of solutions including tightening building rules, creating national and EU-wide schemes to share risks, and drawing more deeply on reinsurance markets....
...“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....
...It’s quite a traditional bit of Midlands urban England,” he added....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Waiting until the autumn would also allow Hunt to hold a tax-cutting Autumn Statement in early September, possibly cutting another 2p off employee national insurance rates if the public finances allow....
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...It is the only site in the UK with planning permission to become a gigafactory, and we’re working immensely hard to bring it to life.”...
...The area of private medical insurance that has seen the strongest growth has been in the number of people taking out personal cover, according to a survey by Statista Consumer Insights, a research company...
...The Daventry site, due to have an eventual capacity of 235mn items a year, sits amid a cluster of retailers’ national distribution centres, including those for Boohoo, Zara and Dunelm....
...The Belgian company reinforced the idea that this is a cut-price, opportunistic bid, with a second cash-and-shares proposal of about 239p per share....
...The FTSE 250 company, which runs 39 hospitals as well as clinics and medical centres, said it was also benefiting from a strong rebound in corporate private medical insurance as more employers take out policies...
...“I 100 per cent assumed this would be a job for life . . . It has been quiet before, but there has always been something on the horizon. It has never got as bad as this,” he said....
...Monday’s report also called for bodies such as the National Infrastructure Commission, an executive agency that provides advice to the government, to be given a “broader remit and be less at the mercy of...
...The point of the temporary accounting-rule change, from the National Association of Insurance Commissioners, was to shield life insurers’ capital from losses caused by rising interest rates....
...But Kuvare has established itself as a canny specialist in the bespoke assets that life insurers invest in. Kuvare joins a growing trend....
...According to the Office for National Statistics, the proportion of UK-listed shares held by insurance and pension funds has fallen since 1997 when the two sectors held a combined 45.7 per cent of UK quoted...
...Hunt is expected to cut income tax or national insurance....
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