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...He said the sector needs to “bring to bear” broader forms of insurance capital including from pension funds and sovereign wealth funds through a growing insurance-linked securities market....
...If required, an international fund — maintained by seaborne oil importers — can also be called upon to make a contribution of up to about $1bn....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...If Greensill Bank needed to claim on its credit insurance, Greensill Capital would allegedly advance funds to BCC which would then pay that amount to Greensill Bank within five days....
...Grosvenor said funds for the lending business would come from “organic growth” and “strategic sales around the periphery of the [London] estate”....
...“All EU regulators are really down on PE fund owners right now,” said one insurance executive....
...Rather than the federal government dipping into its funds, Neal said, it would be “far better for the insurers to stand up and say hey, let’s actually begin to deal with all of this”....
...Insurance executives have also highlighted the risk of a misalignment of interests between the long-term nature of this insurance business and the shorter timeframe of ownership through a PE fund, rather...
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...Global financial supervisors are increasingly focusing on the risks arising from the shadow banking sector, which includes pension funds, family offices, trading houses and insurance firms....
...The finance chief of Italy’s biggest insurer has expressed concerns about potentially conflicting interests when life insurance companies are owned by private equity funds, as anxiety grows about the consequences...
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...The Association of British Insurers’ Investment Delivery Forum, set up to facilitate the promised investments, on Monday said new public-private partnerships that use taxpayer funds would reduce risks....
...This offers customers up to £10,000 to fund resilience measures when they repair their properties. Holiday and caravan parks have been left submerged by days of heavy rainfall....
...Rossi, who became chief executive in late 2022, highlighted the group’s investment performance across its funds and the contribution from the life insurance business as the reasons behind the company’s recent...
...LIU had intended to use the funds to invest in Lloyd’s of London, the world’s oldest insurance market....
...Shadow chancellor Rachel Reeves claimed earlier on Wednesday that the Conservatives would fund the NIC abolition by “cutting state pensions or cuts to the NHS”, an argument that Labour is expected to use...
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...Portfolios of private assets are being dumped by so-called defined benefit pension schemes — funds offering members a set amount in retirement — as they try to prepare themselves for a buyout by an insurance...
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...This means that offloading liabilities, and the assets backing them, to insurance companies is becoming a viable option for more businesses....
...One critical sticking point is the “retention”: the level of losses that insurers agree to fund before reinsurance kicks in....
...Prime Minister Rishi Sunak’s government nevertheless went on to reduce national insurance in March, on top of cuts already made in November and a business taxation overhaul....
...Not the bit about GA being a home-run investment, which is true to date; the bit about selling PE funds to insurance clients....
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