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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...The company’s shares were down more than 2 per cent in morning trading in London....
...“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....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Premiums from its general insurance division, which includes car insurance, also grew....
...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
...Chancellor Jeremy Hunt has said it could take “many parliaments” to realise his ambition to get rid of national insurance contributions, as the government fends off accusations from Labour that the project...
...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...
...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....
...National General implemented rate increases at 10% in 2022 and an additional 12.8% in 2023....
...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...
...Employee ownership accounts for a third of Howden’s shares, alongside external minority shareholders including private-equity groups General Atlantic and Hg....
...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for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...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...
...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...
...Hunt signalled that his “long-term ambition” was to abolish employee national insurance altogether, a pledge likely to be central to a Tory general election pitch....
...Car owners have been squeezed by a surge in insurance prices since their pandemic lows, as companies try to reflect a surge in claims costs....
...Some Tory MPs believe income tax should have been cut rather than national insurance. “People don’t really understand national insurance,” complained one....
...National insurance is a tax on work. This is a smart tax cut. Rewarding work is a key Conservative tenet.”...
...Some bulk annuity providers such as Aviva and Legal & General are part of broader groups offering other types of insurance and investments but PIC, founded in 2006, is a privately owned specialist in the...
...One Tory MP, when told that Hunt intended to cut national insurance and not income tax, said simply: “Oh no.”...
...Laura Hughes, its manager for general insurance policy, said the government should “guarantee that flood prevention and resilience measures are considered in all planning decisions and building standards...
...Prime Minister Rishi Sunak said on Sunday that the government wanted to abolish national insurance entirely in the next parliament to end the “unfair” system of “double taxation” of income tax and national...
...the company in as many years....
...Sunak, meanwhile, proposes to go to the country on a ticket that pledges to cut public spending to fund the abolition of national insurance and a slower path to net zero....
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