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...The pair had partnered in a multibillion-dollar unsolicited takeover attempt of annuity specialist American Equity Investment Life, which the latter fended off....
...Three years ago, the outlook seemed grim for the UK’s financial mutuals and co-operatives — organisations owned by their customers....
...In a lawsuit filed last week, Atlantic Coast Life Insurance and Sentinel Security Life Insurance, part of US insurance group A-Cap, asked a New Jersey court to stop AM Best from “issuing the rating it has...
...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 company agreed last month to acquire Kuvare Asset Management for $750mn, extending its reach into the life insurance sector, a market coveted by many private investment groups....
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...It is the second big transaction by a private capital-backed firm to take on long-term life insurance business that has failed in recent months....
...which is owned by MassMutual, one of America’s biggest life insurers....
...Both Blackwater and PwC said one reason for mutual fund managers’ change of heart was the rapid rise of actively managed ETFs in the US....
...Barings said that in early March more than a dozen employees resigned for Corinthia, alongside global private finance co-heads Fowler and Adam Wheeler....
...the private equity house, who co-led the strategy....
...So while the work exhibited in these spaces is often available for sale should someone inquire, the goal, says Joshua Schaedel, co-founder of The Fulcrum, is “no, never make any money”....
...Bhalla is set to depart as chief executive of American Equity Investment Life when its $4bn sale to Brookfield Reinsurance closes in the coming days. The deal clinched him a $55mn bonus....
...We are pleased to reveal the winners of the FT Innovative Lawyers North America Awards 2023, celebrating innovation in the legal industry....
...The score is co-composed and sung by Nicki Wells, whose slightly gloopy, vox-humana vocals are beefed up by Ashish Gangani, Faraz Ahmed and Hiren Chate....
...Private capital groups such as Apollo, KKR and Brookfield have swept into the life insurance sector since the financial crisis, buying insurers and reinsurers or striking asset-management partnerships....
...The retreat of some banks from the lending market has prompted businesses which began life as buyout firms, including Blackstone and KKR, to develop large private credit arms....
...But even in the new world of shareholder activism and governance pressure, no deal trumps the shock and disbelief that rippled across corporate Japan last week when Dai-ichi Life Insurance suddenly threw...
...This year, the legal operations team at Liberty Mutual launched a programme that pairs its staff with lawyers to improve processes or apply new technologies in specific areas of the business....
...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....
...The firm’s ties to A-Cap, an insurance group led by chief executive Kenneth King, have also raised concerns....
...’s life....
...The case studies below featuring the most innovative legal teams in North America highlight examples of their work in the following areas: Legal team operations Outside counsel management Sustainability...
...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....
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