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...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
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...Kathleen Donnelly KC acted for 555 sub-postmasters in a 2019 High Court case, known as Bates v Post Office, that led to revelations the company had pursued thousands of people between 2000 and 2014 with...
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...It is, of course, Sir Steve Webb, the former pensions minister, now a partner at Lane Clark & Peacock. Welcome to the podcast. Steve WebbThanks, Claer. A pleasure to be with you....
...Royal Insurance merged with Sun Alliance in 1996. Turning to the 2023 list, HSBC bought the Midland Bank in 1992....
...As rising interest rates reduce projected liabilities, it has become more economic for the companies that stand behind DB schemes to transfer the risk of funding them to insurance companies....
...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....
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...“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....
...This came as a relief for CD Peacock’s Steven Holtzman, who took over the running of the company from his father, Seymour, last year....
...His business Berkshire Hathaway is sitting on a float of $165bn from its insurance segment. Buffett is at present lukewarm on public company takeovers....
...Jonathan Camfield, partner at the pension consultant Lane Clark & Peacock said that “in significant part, this reflects the unique nature of the UK defined benefit pensions market.”...
...As of Friday, the league was working to finalise a revised scheme for its knockout games later this month. Meanwhile, Hamlin’s condition was improving at a Cincinnati hospital....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...From the peacock-blue tiles of the stair hall (a stuffed peacock perches on the mezzanine to amplify the colour) to the gold underneath the stairs and the delicate monochrome mosaic floors, this is an introduction...
...Hundreds of UK companies could face demands for larger cash injections from their retirement schemes after cracks formed in pension funds’ hedging strategies during last month’s crisis in the country’s debt...
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...that forced companies to put their pension deficits on to their balance sheets....
...The first photographer in the 60-year history of the Pirelli calendar to shoot it three times – in 1996, 2002 and 2017 – Lindbergh has been shown in museums around the world including the V&A, Centre Pompidou...
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