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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...A significant part of the Signa group debt was provided by non-bank financial companies such as Dortmund-based insurer Signal Iduna, a midsized company with 12mn customers, mainly in health and life insurance...
...insurer Phoenix Group....
...Over the past two decades, holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent, while holdings of fixed income have surged...
...Much of Phoenix’s growth historically has come from acquisitions, adding closed books of life insurance business to its own operations....
...A determinedly pugnacious union achieved the first health insurance benefits in the USA for same-sex couples....
...There are of course other important announcements due this week, not least a steady flow of results, probably best described as a smorgasbord, from retailers and drugmakers to technology companies and insurance...
...What will Medicare, US health insurance for those over 65, pay for? Pearl didn’t come cheap: without insurance, insulin pumps and supplies cost thousands of dollars....
...Since he took over in 2012 shareholder returns at L&G have beaten the broader UK life sector by half. Yet the stock and the sector remain unloved....
...Before most people knew what a camera was, the V&A was already amassing photographs....
...The company has had corporate governance issues in the year — 49.5 per cent shareholder Kostyantin Zhevago sells the company spare parts, insurance, advertising and other services, racking up $23mn in related-party...
...Life insurance is supposedly a stable and predictable business. But Just Group has been buffeted by a blizzard of policy and regulatory changes since it floated in 2013....
...Comerica has pledged $17bn, or 98 per cent, of its securities holdings to other lenders, including the Fed, according to Federal Deposit Insurance Corporation data....
...When the scheme transferred to PIC, Shaw became one of more than a million UK savers whose pension benefits are now the responsibility of a life insurance company, rather than a traditional pension fund...
...Insurance Life insurers are big holders of bonds, which they use to back liabilities such as pension obligations. Their share prices were hit hard following the collapse of SVB....
...Ono has set an example by attaining the coveted and, until recently, elusive position of the CEO of an established Japanese company. Sakie T Fukushima is the former CEO of Korn/Ferry Japan....
...Big life insurers such as Aviva, Phoenix, Pension Insurance Corporation and Just Group also use Capita to administrate services such as pension payments and communications with savers....
...Rothesay Life for deals....
...Mike Eakins, chief investment officer of Phoenix Group, the insurance company, said it is aiming to invest up to £40bn in sustainable assets, adding that a green covered bond market would help them access...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Earlier this month, it announced the £248mn acquisition of Sun Life UK, a life insurer closed to new business....
...Life’s exposure to faster-growing cities such as Austin, Phoenix and Raleigh is another attraction. More than 60 per cent of its facilities are in burgeoning sunbelt states....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...Family life and professional life were mixed together, which meant we shared so much. That’s what I miss the most.”...
...“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....
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