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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...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....
...So-called superfunds have emerged as a cheaper option for employers looking to offload pension plans without paying a premium for a full insurance buyout....
...The company has chosen not to issue tokens in the US amid a crackdown on digital assets in the country, led by the Securities and Exchange Commission....
...“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....
...As always, email me at scott.chipolina@ft.com....
...“Peltz brings no additive skills to the Board, doesn’t understand our business and has no plan to create shareholder value,” the company wrote in a letter to shareholders on Monday....
...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....
...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....
...are facing lawsuits for violating securities laws and illegally accessing US customers....
...“I should plan for a long life,” he says. He hopes eventually to pass on a substantial amount to both his children and grandchild, he adds....
...closely, ahead of plans to introduce an independent regulator to the game....
...company....
...insurance and annuities subsidiary....
...About 20 states have also set up defined contribution plans for workers at small companies and the self-employed....
...Insurance companies are creating demand for healthcare insurance, the fastest-growing category. Shares of AIA are down a tenth in the past year....
...On Wednesday, Scott Nuttall, co-chief executive of KKR, conceded that returns for large public companies such as KKR are often mixed....
...However, it remains unlikely that shipping companies will return to the Suez Canal, security experts say. 4....
...In January 2023 he announced he would be taking it to a shareholder vote but walked back the idea after Iger initiated a turnaround plan for the ailing company....
...While he tells people he never plans to retire, he has also emphasised Millennium’s transition into a firm with shared leadership....
...Security guards are posted at each of its street entrances (my taxi driver guesses the company has “something to do with the government”)....
...But hospitals, insurance companies and others are creating roles to navigate and harness the disruptive technology, The New York Times writes....
...Thousands of companies, including big names such as Microsoft, have been removed from a validation process for failing to submit sufficiently ambitious climate plans....
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