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...The Tories are eager to build on cuts in national insurance in two successive Budget rounds as they seek to address the rising overall tax burden....
...While a couple of hundred of these still hold unlimited liability, new Names typically have limited liability....
...MS Amlin, one of the biggest Lloyd’s of London insurers, plans to expand in areas such as marine cover and liability insurance after spending three years repairing its underwriting profit margins....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...Attal has not closed the door although he insists they should hit companies rather than individual taxpayers....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...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 rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Fire safety liabilities risk putting off overseas funds from backing the UK residential sector, according to two large investors in the owner of London’s former Olympic Village after it was ordered to pay...
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...“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....
...an interim report, the body said these partnerships would smooth out investment returns, to help projects achieve an investment-grade credit rating and make them a better match for insurers’ long-term liabilities...
...The PLD impact assessment estimated annual payouts from the reformed system could reach €217mn and insurance costs for companies rise around 10 per cent....
...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...
...But UK business has been brisk: rising interest rates have transformed funding levels in defined benefit pension schemes and enabled companies to consider offloading future liabilities....
...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....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...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....
...Apollo, alongside its insurance affiliates Athene and Athora, wants to be a superior investor of long-dated insurance and pension liabilities....
...Insurance Australia Group, one of the main insurers to Greensill Capital, has said that rival Tokio Marine and broker Marsh McLennan should share in any liability if investors in the failed lender win a...
...A wave of corporate pension deals, in which the insurer takes over the assets and liabilities of company schemes, lifted the retirement division, while the retail business dimmed slightly because of a lower...
...The new cash helped Breit avert a fire sale to meet the requests. To entice UC, Blackstone made a promise that Breit would achieve 11.25 per cent annualised returns over six years....
...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...
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