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...Australia’s prudential regulator made one of its key supervision priorities this year the “availability, affordability and sustainability” of insurance....
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...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...
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...In a speech earlier this year, the Bank of England’s Prudential Regulation Authority, which oversees insurance companies, called for moderation “in the face of considerable temptation” to do deals....
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...The concentrated nature of some insurance markets may have exacerbated concerns about uninsurability if companies pulled back from certain risks....
...Globally, insurance companies manage assets of about $44tn, according to the International Association of Insurance Supervisors....
...Higher rates wiped almost $7bn from the company’s “embedded value” last year. Embedded value is a key metric in insurance. It is also controversial....
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...“At the same time, a growing segment of the riskier leveraged loan market is being swept into private credit, beyond the purview of prudential regulators.”...
...But hospitals, insurance companies and others are creating roles to navigate and harness the disruptive technology, The New York Times writes....
...Thomas Franczyk, a former New York state judge, said his interpretation of the decision was that as of Wednesday, “none of these entities can continue to do business as such”, referring to businesses owned...
...The pair joined the FT’s Helen Thomas to discuss the City’s woes, given a growing list of companies have abandoned London stock listings or are working on plans to delist their shares in favour of a destination...
...Ultimately, the power has shifted back towards regulators like the Prudential Regulation Authority, which last year was overruled on crucial insurance rules by a government wanting to plant its Brexit dividend...
...The designation would hinge on FSOC’s determining that “material financial distress at the company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the company...
...Data compiled by NAIC shows CLO holdings of insurers have surged to more than $200bn, though that figure represents only about 3 per cent of the aggregate investment portfolio of the companies in the insurance...
...Many of SVB UK’s clients have deposits under the £85,000 threshold covered by the financial insurance scheme. Additional reporting by Rob Smith and Owen Walker...
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...“The EU is implementing Basel III in a way that these requirements apply to all banks — that provides an additional layer of safety in the prudential regulation of EU banks,” said Dombrovskis....
...According to one company’s estimates, the aggregate risk margin held by the life insurance sector may have roughly halved between the end of 2021 and the third quarter of this year....
...It owns an insurance company, Athene, that has generated a swelling tide of fees and transformed the group — best known for leveraged buyouts — into a giant lender....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
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