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...Life insurers, particularly those linked to private equity groups, have pushed deeper into asset-backed securities in pursuit of investments that are a good match for their long-term liabilities but offer...
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Some of the most influential independent record groups — Beggars Group, the company behind Vampire Weekend and Adele; Secretly, which houses acts including Phoebe Bridgers and Bon Iver; and Partisan Records...
...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....
...More than 10,000 members of the Debenhams pension plan were transferred to the UK’s pension protection scheme in 2019, following the collapse of the 240-year-old retail group....
...UL Solutions, a Chicago-based safety testing and certification group, is pushing ahead with plans for one of the largest initial public offerings of the year despite a mixed reception for recent listings...
...Total returns for the group’s shares have underperformed the Stoxx 600 insurance sector by a third over the past three years....
...The events, executives say, amount to the biggest challenge yet to private capital groups’ foray into the life insurance sector....
...Insurance group Zurich’s sale of a $20bn life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure...
...This could be covered with a life insurance policy for this period only, since a policy for a fixed term is generally cheaper than a whole-of-life policy....
...A few weeks ago, a friend was about to have life-saving brain surgery in Boston when her operation was suddenly cancelled. The reason?...
...Partnering with Dai-ichi Life would give the company access to its 160,000 corporate clients while the insurer also plans to help with expanding the group’s international footprint....
...The group has hailed recent momentum in the US, where it says it has sold record numbers of individual life insurance policies this year while cumulative volume from bulk pension deals since 2015 has passed...
...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....
...Axa’s new strategy and bet on rising commercial insurance prices marks a shift from the group’s last three-year plan, which focused on building up health insurance sales....
...Such instant messaging has even been credited with lowering noise in open-plan offices by moving incidental chatter online....
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
...Corinthia said that Weightman’s only link to the group was a previous relationship with 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....
...Leqembi slowed cognitive decline by 27 per cent compared with the placebo group in a phase 3 trial....
...The root of the problem was, as with so much in life, Twitter, as the social media cesspit X was known at the time....
...Separately the government said it would continue to ‘explore’ reforms that would allow workers to have a pension ‘pot for life’....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...Some wanted to limit working hours in order to offset increases in the hourly minimum wage, and others sought to spend less on non-wage benefits such as sick pay, pension contributions and national insurance...
...The ebullient Jean-Charles Boisset of Burgundy arrived at Raymond in 2009, Chanel Inc bought St Supéry in 2015 and the next year the Tesserons of Ch Pontet Canet in Bordeaux bought Robin Williams’ winery...
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