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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...In a statement, James Sherwood, general manager for Bupa UK insurance healthcare management, said the company had “carefully considered” how to balance affordability for customers with the doctors’ demands...
...Private capital managers use Bermudian operations to reinsure life insurance and annuity business from companies that they already own as well as from rivals....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...The so-called pensions lifeboat takes over the assets and liabilities of failed companies’ pension schemes....
...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...
...Shah’s previous business Health IQ, a life insurance broker which used AI, filed for bankruptcy last year after rising interests hit its ability to meet debt payments....
...This was the company’s second accident at Courchevel: in 2017 another PC-12 hit the embankment before the start of the runway, damaging a wing and wheel....
...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 —...
...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....
...Its share price and that of bigger rival L&G have snaked sideways for more than a year. Just trades at a 60 per cent discount to book value. Its life insurance peers are closer to parity....
...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....
...It would be preferable if I could store my personal data and port it myself between insurers, rather than it being secured (at best) in one company’s database....
...Drone companies cite possible uses in defence, safety, transport, insurance and retail. But healthcare may be the way to win regulatory hearts and minds....
...for work and family life....
...This evokes memories of the long-running, and very expensive, payment protection insurance scandal. Any lenders funding motor finance should worry about how this problem could mushroom....
...But even in the new world of shareholder activism and governance pressure, no deal trumps the shock and disbelief that rippled across corporate Japan last week when Dai-ichi Life Insurance suddenly threw...
...It’s not a shock that corporate debt markets are healthy right now — economic growth is rolling along and rates markets are no longer pricing in recession, reducing companies’ incentive for waiting — but...
...Policymakers and regulators have started paying more attention to the particular risks presented by the flood of PE investment into life insurance....
...Barings, a subsidiary of US life insurer MassMutual, filed on Monday for a temporary restraining order and preliminary injunction against Corinthia Global Management in a North Carolina court....
...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...PIC and CVC declined to comment. Reinet did not immediately respond to a request for comment. The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...Flights in and out of Tokyo’s Haneda airport continue to face cancellation and delays following a fatal accident between a Japan Airlines aircraft and a smaller plane on the runway earlier this week....
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