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...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...Established in 1879, the company employs more than 43,000 people selling general and life insurance products and boasts a near-$50bn equity market value....
...“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....
...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”....
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...But we got there in the end and here it is now, for your wintertime pleasure, and as a little insurance policy for us against losing this recipe again....
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...’s life....
...Barings said that in early March more than a dozen employees resigned for Corinthia, alongside global private finance co-heads Fowler and Adam Wheeler....
...A-Cap controls life insurers based in Utah and South Carolina. A-Cap chief executive Kenneth King late last month told insurance agents that AM Best’s downgrade was unwarranted....
...Hugh Verrier, White & Case cyber security & data protection King & Spalding access to justice & civil rights Morgan, Lewis & Bockius energy transition Pillsbury Winthrop Shaw Pittman healthcare & life...
...Robinson, a life-long golfer, joined Chenault and some others for two back-to-back rounds at the Augusta National course two years ago....
...and 18th centuries, women’s corsets in Paris were exclusively made by men; husbands laced their wives into them both as assertion of the brute force needed to whittle the waist down, and as an apocryphal insurance...
...This means that offloading liabilities, and the assets backing them, to insurance companies is becoming a viable option for more businesses....
...Contact Rothschild & Co Zeus Capital for more information. Or, y’know, don’t....
...The rising price of the life insurer comes as its overall assets have more than doubled to $158bn since 2020, causing its book value to rise....
...Carbon capture, for instance, requires a CO₂ price of more than €100/tonne to stack up. Hydrogen may well be higher than that. Imperfect markets are a fact of life....
...(Some platforms offer protection via insurance, for example, and barriers to entry for big-ticket rentals, such as a required number of positive user reviews.)...
...Claer Barrett is the FT’s consumer editor and author of the FT’s Sort Your Financial Life Out newsletter series; claer.barrett@ft.com; Instagram @ClaerB...
...The L&G transaction came on the same day that Rothesay, a UK life insurer, agreed to take on £4bn of the pension liabilities of the Co-operative Group, whose operations span supermarkets to funeral services...
...Musicians saw their opportunity, too, with artists like Stevie Nicks and Shakira taking advantage of the bullish mood to sell their life’s work at eye-watering prices....
...“One of these days, some life insurance company is going to get whacked on their private credit . . . You can have a run on a life insurance company.”...
...The Japanese are still the champions of longevity, with life expectancy of 86 for people aged 60 in 2019....
...Including mortgage payments, mortgage insurance and property taxes, he pays $3,500 per month more today than what he spent on rent at the family’s last home....
...As JC Flowers & Co’s Chris Flowers told mainFT this week: “Too many people have piled into private credit and it has a special feature that a chunk of it is funded with life insurance assets . . ....
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