Hints and tips:
Related Special Reports
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...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...
...In a lawsuit filed last week, Atlantic Coast Life Insurance and Sentinel Security Life Insurance, part of US insurance group A-Cap, asked a New Jersey court to stop AM Best from “issuing the rating it has...
...Apollo-backed Athora has terminated an agreement to buy a €19bn book of German life insurance business from Axa, citing “significant changes in financial market conditions” for a decision both sides said...
...These low-profile groups allow life insurers — providers of annuities and other long-term financial products — to reinsure risks such as longevity....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...which is owned by MassMutual, one of America’s biggest life insurers....
...In April, Blue Owl Capital spent $750mn buying Kuvare Asset Management, a decade-old asset manager dedicated to insurance, which resembles Bhalla’s venture....
...“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....
...NBFIs – like mutual funds, pensions and insurance firms – can die without summoning the end of days. Or so one view goes....
...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....
...It is a serious price for an asset manager that is only a decade old and manages $20bn. Blue Owl itself manages $165bn for a juicy market capitalisation of just above $20bn....
...Jeremy Hunt has warned the Financial Conduct Authority against its plan to “name and shame” companies under investigation in an unusual broadside against the UK’s top financial regulator....
...But a less-followed risk is adding to unease at companies offering life and health insurance: scientists’ warnings, and research findings, that a warming climate is causing an increasing number of excess...
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...The increase was mostly due to higher adjusted pay and benefits, according to the company’s earnings commentary....
...Update May 1st: Apollo has emailed this statement: A life insurance policy is one of the most important assets in a person’s financial life; it can provide certainty and financial security unlike any other...
...According to filings with insurance regulators reviewed by the Financial Times, the unit ultimately bears much of the risk that individual Berkshire insurance subsidiaries take....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...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 —...
...I lost a phone, and several days of my life dealing with the financial fallout, and I was lucky not to lose more....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...Of these, 140 were on vessels that held no insurance from western providers. Many were very old — a hallmark of the dark fleet....
International Edition