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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...Big share moves in Europe today include UK life insurance group Phoenix, Polish supermarket chain Dino and UK sportswear retailer JD Sports: Phoenix Group: Shares in the UK pensions and savings provider...
...“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....
...This will go to innovative companies, with the aim of unlocking more than £1bn of total private capital.Pensions provider Phoenix Group will match the £250mn investment....
...Standard Life acquisition five years ago....
...Much of Phoenix’s growth historically has come from acquisitions, adding closed books of life insurance business to its own operations....
...Baroness Nicky Morgan, chair of the Investment Delivery Forum, which includes groups such as Aviva and Phoenix, said the next stage for insurers would be to start pilot investment projects with local and...
...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 —...
...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....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...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....
...But Kuvare has established itself as a canny specialist in the bespoke assets that life insurers invest in. Kuvare joins a growing trend....
...HOLD: Phoenix Group (PHNX) An indifferent set of results and an unfortunate private equity stake puts Phoenix insurance under pressure, writes Julian Hofmann....
...increase this year, according to industry forecasts, even as politicians and consumer groups voice concern about the impact of rising costs on the millions of households reliant on a car for work and family life...
...Rossi, who became chief executive in late 2022, highlighted the group’s investment performance across its funds and the contribution from the life insurance business as the reasons behind the company’s recent...
...A determinedly pugnacious union achieved the first health insurance benefits in the USA for same-sex couples....
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...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”....
...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....
...to house Eurovita’s life insurance policies....
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