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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...The insurers, which offer life insurance and annuity products to families across America, accused the rating agency of a “fixation” with 777 Re, the Bermuda reinsurer linked to the Miami investment group...
...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...
...The so-called pensions lifeboat takes over the assets and liabilities of failed companies’ pension schemes....
...In full-year results on Wednesday, the life insurance and asset management group reported a 45 per cent rise in new business profit — a measure of expected earnings from newly sold products — to $3.1bn,...
...Insurance group Prudential’s new business profit rose by about 45 per cent to $3.1bn last year, as its core business in Hong Kong continued to recover from the impact of coronavirus restrictions....
...“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....
...PE-backed insurance blow-ups attract scrutiny in Europe It’s “one step forward, three steps back”, said one adviser to private equity on the impact of Italian life insurer Eurovita’s collapse last year...
...has a great deal of art, and America has a great deal of money.”...
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...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....
...The push comes ahead of a planned government consultation in early 2024 to design “a new framework for encouraging the establishment and growth of captive insurance companies in the UK” announced in November...
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...That includes pension funds, asset managers, clearing houses and insurance companies....
...Fink noted that public equities and bonds now accounted for 70 per cent of financing for non-financial companies in the US, the highest proportion in the world....
...which is owned by MassMutual, one of America’s biggest life insurers....
...America is, after all, about the pursuit of life, liberty and happiness....
...to the port and any loss of life....
...When an AI-powered doctor tells you that you’re just being hysterical, the AI-powered insurance company is unlikely to disagree....
...Future of Asset Management North America Hosted by the Financial Times, in collaboration with Ignites and FundFire, Future of Asset Management North America is taking place on September 27-28 at etc.venues...
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...White said the materials underlined the relationship between Lloyd’s and the African Company of Merchants, a key slave-trading venture, and revealed the role of several members of the governing committee...
...In today’s America, too few of those who are most at risk have any way of finding that out....
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