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...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...insurance and asset management business, which has been rebranded as Corebridge Financial....
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...AIG is planning to cut the valuation of Corebridge, its life and asset management business, by more than 30 per cent as the carved-out company attempts to reopen the US market for initial public offerings...
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...But one of the jewelled eggs was bought in 2004 by the now sanctioned oil and gas mogul Viktor Vekselberg, who later passed its ownership to a company registered in Panama, Lamesa Arts Inc; it is usually...
...It sells individual and group retirement saving products as well as life insurance....
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...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
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