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...Royal London, the life insurer which had its own role in the events at LV, earlier this month said it would enter the corporate pensions market, where companies offload their defined benefit pension schemes...
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...which is owned by MassMutual, one of America’s biggest life insurers....
...“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....
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...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 —...
...Barings, a subsidiary of US life insurer MassMutual, filed on Monday for a temporary restraining order and preliminary injunction against Corinthia Global Management in a North Carolina court....
...“What money did come in,” explains Nick Kramer of AWHRHWAR, “ended up being used as an expression of our ideological interests — equity, mutual support and advocacy.”...
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...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....
...The firm’s ETFs, the first of which launched in 2013, would “probably cannibalise some of the mutual funds”, Johnson said, but mutual funds would remain popular in the retirement channel, she added....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...life....
...Its share price and that of bigger rival L&G have snaked sideways for more than a year. Just trades at a 60 per cent discount to book value. Its life insurance peers are closer to parity....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...“There’s a huge, huge population in America that loves the mutual fund for its simplicity,” says Carol Geremia, president of MFS, Leffler’s old company....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...We are pleased to reveal the winners of the FT Innovative Lawyers North America Awards 2023, celebrating innovation in the legal industry....
...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....
...Instead, they said consumer spending remained strong, and much of the drop in lending came from large companies, which have used their excess cash, or better markets, to pay down debt....
...) — America’s Manufacturing Renaissance Will Create Few Good Jobs (Dani Rodrik for Project Syndicate) — Alex Spiro profile (New Yorker $) — Billionaire Boies (Puck $) — The life and death of Hollywood...
...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”....
...Another factor driving the growth of ETFs is the active ETF boom, said Bryan Armour, director of passive strategies research for North America at Morningstar Research Services....
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