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...“The backstop [provided by the insurance sector to the world] will fail,” is what Robinson told staff at Swiss Re, one of the world’s biggest providers of cover for insurance groups....
...When her company was sold to Opengate Capital in 2010, her dream to spend more time in her studio became a reality....
...insurance and asset management business, which has been rebranded as Corebridge Financial....
...When the scheme transferred to PIC, Shaw became one of more than a million UK savers whose pension benefits are now the responsibility of a life insurance company, rather than a traditional pension fund...
...Eventually, insurance either becomes too expensive for most people, or the insurance company goes bust. The authors furnish plenty of examples, from divorce insurance to unemployment cover....
.../ From Stephen “Swifty” Warden, Toronto, ON, Canada...
...Its history is in some ways similar to the fictional small lender in the classic 1940s film, It’s a Wonderful Life....
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...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...will be affected will be influenced by a lot of scheme-specific factors, ranging from how and when they determine their funding assumptions to the amount of longevity risk they have already hedged,” said Stephen...
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