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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Officials are hopeful the ban will be come into effect by the general election, expected next year....
...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....
...Speaking to the Financial Times ahead of next month’s COP28 climate summit in Dubai, IDF secretary-general Ekhosuehi Iyahen said the fund would seek to help those countries already “feeling the brunt” of...
...In a statement, James Sherwood, general manager for Bupa UK insurance healthcare management, said the company had “carefully considered” how to balance affordability for customers with the doctors’ demands...
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...The company’s shares were down more than 2 per cent in morning trading in London....
...Premiums from its general insurance division, which includes car insurance, also grew....
...“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....
...Aviva chief executive Amanda Blanc said the deal “opens up new opportunities to accelerate growth” in the group’s general insurance business....
...Employee ownership accounts for a third of Howden’s shares, alongside external minority shareholders including private-equity groups General Atlantic and Hg....
...The US Federal Deposit Insurance Corporation is working on proposals aimed at ensuring asset managers do not seek too much influence over the banks in which they hold large stakes....
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...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...
...ByteDance’s US investors include private equity company General Atlantic as well as Susquehanna International Group, Sequoia Capital and Coatue Management....
...The former US president posted a $175mn bond yesterday to prevent the New York attorney-general from collecting on a near half-billion dollar fraud judgment against him and his businesses....
...Car companies including General Motors and Ford said on Tuesday that they would work to reroute shipments to nearby ports, while Nissan said it did not expect significant disruption....
...Companies: Walt Disney shareholders vote at the entertainment giant’s annual general meeting on whether to award billionaire activist Nelson Peltz a board seat....
...Some bulk annuity providers such as Aviva and Legal & General are part of broader groups offering other types of insurance and investments but PIC, founded in 2006, is a privately owned specialist in the...
...This year it did the biggest UK deal of its kind, when general insurer RSA offloaded £6.5bn of liabilities to the group....
...ian.smith@ft.com...
...On Sunday, Portugal holds a snap general election that is likely to cement the rise of the far-right Chega or “Enough” party....
...Boots has agreed to transfer £4.8bn of pension obligations to insurer Legal & General in a deal that paves the way for a potential sale of the UK’s largest pharmacy chain by owner Walgreens Boots Alliance...
...“There’s the general public and government perception that [private medical insurance] helps out the NHS,” said one doctor, who spoke on condition of anonymity....
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