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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Ingosstrakh said it maintains higher standards on vetting clients than many rivals....
...It has also rebranded another subsidiary, MSI Europe, as MSIG UK to help build up its position in the company market outside of Lloyd’s and reduce the unit’s traditional reliance on serving Japanese clients...
...“Current plans place far too much reliance on metering and behaviour change to meet that challenge,” Eustice told the Financial Times....
...Private capital managers use Bermudian operations to reinsure life insurance and annuity business from companies that they already own as well as from rivals....
...Canary Wharf has pushed to diversify its estate to reduce its reliance on offices, adding life sciences tenants and building out its retail, leisure and hospitality portfolio....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...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...
...A group of Nestlé shareholders has filed a resolution ahead of its annual meeting next month demanding the world’s biggest food company reduce its reliance on unhealthy products and arguing that the health...
...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 life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...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....
...We want company, but instead of meeting a friend we fire off a tweet. We want something to read, but rather than picking up a book, we doomscroll. Instead of a good movie, TikTok....
...increase this year, according to industry forecasts, even as politicians and consumer groups voice concern about the impact of rising costs on the millions of households reliant on a car for work and family life...
...Laura Hughes, its manager for general insurance policy, said the government should “guarantee that flood prevention and resilience measures are considered in all planning decisions and building standards...
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...The point of the temporary accounting-rule change, from the National Association of Insurance Commissioners, was to shield life insurers’ capital from losses caused by rising interest rates....
...to house Eurovita’s life insurance policies....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...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....
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...The campaign is backed by a group of more than 50 leading scientists and clinicians, including three Nobel Prize winners, who are calling on high value donors and philanthropists to fund life-saving research...
...In 2019 Standard Life was fined £30mn for mis-selling annuities to customers over the phone between 2008 and 2016....
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