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...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....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...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....
...“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....
...A body representing global insurance regulators has called for “enhanced supervision” of private capital-owned life insurers, citing potential “conflicts of interest” and “increased risk-taking”....
...“similarities” between the sales pitch that was used then and Corinthia’s success in attracting an entire team of senior executives from Barings, which is owned by MassMutual, one of America’s biggest life...
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...But we got there in the end and here it is now, for your wintertime pleasure, and as a little insurance policy for us against losing this recipe again....
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...’s life....
...Barings said that in early March more than a dozen employees resigned for Corinthia, alongside global private finance co-heads Fowler and Adam Wheeler....
...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....
...He approaches co-worker Román (Esteban Bigliardi) and talks him into a deal: if he hides the money, Morán will cut him in....
...International stockists on Wine-searcher.com Follow @FTMag to find out about our latest stories first and subscribe to our podcast Life and Art wherever you listen...
...Robinson, a life-long golfer, joined Chenault and some others for two back-to-back rounds at the Augusta National course two years ago....
...Hugh Verrier, White & Case cyber security & data protection King & Spalding access to justice & civil rights Morgan, Lewis & Bockius energy transition Pillsbury Winthrop Shaw Pittman healthcare & life...
...This means that offloading liabilities, and the assets backing them, to insurance companies is becoming a viable option for more businesses....
...and 18th centuries, women’s corsets in Paris were exclusively made by men; husbands laced their wives into them both as assertion of the brute force needed to whittle the waist down, and as an apocryphal insurance...
...Contact Rothschild & Co Zeus Capital for more information. Or, y’know, don’t....
...The rising price of the life insurer comes as its overall assets have more than doubled to $158bn since 2020, causing its book value to rise....
...Carbon capture, for instance, requires a CO₂ price of more than €100/tonne to stack up. Hydrogen may well be higher than that. Imperfect markets are a fact of life....
...(Some platforms offer protection via insurance, for example, and barriers to entry for big-ticket rentals, such as a required number of positive user reviews.)...
...Claer Barrett is the FT’s consumer editor and author of the FT’s Sort Your Financial Life Out newsletter series; claer.barrett@ft.com; Instagram @ClaerB...
...Actis has promoted Neda Vakilian, head of the firm’s investor solutions group, and Davi Carvalho Mota, director of its long life infrastructure strategy, to partners....
...The L&G transaction came on the same day that Rothesay, a UK life insurer, agreed to take on £4bn of the pension liabilities of the Co-operative Group, whose operations span supermarkets to funeral services...
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