Hints and tips:
Related Special Reports
...“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....
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...performance data shared with the Financial Times....
...The cache of shipping files, seen by the Financial Times and the Danish media group Danwatch, reveals a number of Russian vessels travelling from the Baltic are relying on insurance that can be easily voided...
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...On the regulatory side, the forum said it was considering what it called a “sandbox” idea, where the industry and its regulator, the Bank of England’s Prudential Regulation Authority, could “discuss and...
...After the financial crisis struggling banks sold or spun off insurance units: the UK’s RBS (now NatWest) spun off Direct Line; ING of the Netherlands listed insurer NN....
...Analysts at Bank of America said the deal should not worsen the outlook for capital returns at Aviva....
...the Financial Services Compensation Scheme between 2015 and 2022....
...Prudential’s new business profit growth in this segment has been brisk. Moreover, Chinese investors are using insurance to diversify assets. But caution is warranted....
...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....
...According to an index from insurance broker Marsh, global commercial insurance rates rose in the final three months of last year, the 25th straight quarter of increases....
...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...A 2020 Financial Times investigation revealed that Wyelands had channelled depositors’ money into GFG. The biggest backer of the group of companies was the now-collapsed Greensill Capital....
...It had also seen some examples of companies paying out 70 per cent of the premiums in commission to third parties involved in selling the add-on insurance....
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...The mechanics of the NAIC’s rule change (as described by Barclays, Bank of America, regulators, industry groups and various other sources) are . . . not especially simple....
...Speaking to the Financial Times, David Howden, founder and chief executive of insurance and reinsurance broker Howden, predicted the price of business cover would flatten this year as the supply of insurance...
...The analysts at Employ America have also highlighted auto insurance’s role in the recent gap between the CPI and the Fed’s favoured PCE indicator — and reckon that part of the gap could very possibly narrow...
...The outcome of the consultation will provide a crucial test of the commitment of the government and the Bank of England to support the UK financial sector’s competitiveness after Brexit....
...the 2008 financial crisis....
...Prudential officials predicted, on a call with analysts last week, a $200mn “restructuring charge” in the fourth quarter while they continue to try to increase the assets under management of PGIM, the insurance...
International Edition