Hints and tips:
Related Special Reports
...Life insurers, particularly those linked to private equity groups, have pushed deeper into asset-backed securities in pursuit of investments that are a good match for their long-term liabilities but offer...
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...More than 10,000 members of the Debenhams pension plan were transferred to the UK’s pension protection scheme in 2019, following the collapse of the 240-year-old retail group....
...The events, executives say, amount to the biggest challenge yet to private capital groups’ foray into the life insurance sector....
...Total returns for the group’s shares have underperformed the Stoxx 600 insurance sector by a third over the past three years....
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...This could be covered with a life insurance policy for this period only, since a policy for a fixed term is generally cheaper than a whole-of-life policy....
...Partnering with Dai-ichi Life would give the company access to its 160,000 corporate clients while the insurer also plans to help with expanding the group’s international footprint....
...The group has hailed recent momentum in the US, where it says it has sold record numbers of individual life insurance policies this year while cumulative volume from bulk pension deals since 2015 has passed...
...Private capital groups such as Apollo, KKR and Brookfield have swept into the life insurance sector since the financial crisis, buying insurers and reinsurers or striking asset-management partnerships....
...Axa’s new strategy and bet on rising commercial insurance prices marks a shift from the group’s last three-year plan, which focused on building up health insurance sales....
...groups....
...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....
...“Giving teachers the right resources is key — Flic’s lesson plans, detailed maths explanations and engaging social media-style videos have transformed young people’s understanding of this crucial life skill...
...Separately the government said it would continue to ‘explore’ reforms that would allow workers to have a pension ‘pot for life’....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...The root of the problem was, as with so much in life, Twitter, as the social media cesspit X was known at the time....
...The stock of China Life Insurance, the largest, has risen about a fifth in the past year to trade at 6.5 times forward earnings according to S&P Global....
...But with scant revenues and a questionable business plan, TMTG looks like a rightwing meme stock combined with the classic pathologies of the Spac bubble....
...Whether you drive a Beamer or a banger, the soaring cost of motor insurance may have caused you to gasp when your policy came up for renewal. I lost a day of my life searching for cheaper cover....
...Tom Guy, managing director of Etc at BT Group, told the Financial Times the company was taking near end-of-life assets to use them for the “next generation of services with EV”....
...Last month, the company announced a plan to cut £150mn of costs by the end of next year, as Bird stepped up his efforts to restore the group’s fortunes....
...Nubank began life as a zero-fee credit card managed by a mobile app and through rapid growth has expanded into a full-service banking offering, with everything from current accounts to investments and insurance...
...Around us, business meetings were in full swing with groups of (mainly) men in crisp white shirts and V-necks talking quietly over pots of coffee....
International Edition