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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...The regulator has also demanded that insurers notify it of any significant funded reinsurance transactions....
...Industry title Insurance Insider previously reported Aspen was planning a US IPO....
...The so-called pensions lifeboat takes over the assets and liabilities of failed companies’ pension schemes....
...“The BMA would not approve any transaction that the [insurance company’s home] regulator does not support,” said the BMA....
...Wander declined to comment. 777 said A-Cap was one of a number of lenders to the firm and its portfolio companies, and it remained “confident in its ability to fund both the [Everton] transaction and the...
...“Highly regulated banks were unable or unwilling to do certain types of transactions due to their capital requirements while insurance groups were drowning in cash during the era of ultra-low interest rates...
...However, lawyers for Builder.ai and its chief executive said Duggal founded Nivio’s parent company without Dhoot, and that Dhoot was given the title of co-founder in approximately 2007 or 2008 for support...
...The firm collapsed in March 2021 after it failed to renew its insurance cover....
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...The WaMu transaction demonstrates why the largest banks should not be completely excluded from bidding....
...The two companies have hired advisers who have been discussing a cash and stock deal for more than a month. They hope to get the transaction agreed before the end of the year, the people said....
...The restrictions set out by the Federal Deposit Insurance Corporation on Thursday would apply to any takeover that created a bank with more than $50bn in assets, and increase for any deal above $100bn....
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance company, according to people familiar with the matter....
...Experts predict hundreds of billions of pounds of liabilities will transfer from company balance sheets to insurance companies as part of a multiyear shift that will redraw the UK’s retirement landscape....
...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....
...The sale is expected to be the first in a series of transactions to reduce its risk-weighted assets....
...Last year, UK insurer Hiscox unveiled its own AI model, which it built in collaboration with Google, a move hailed as the first in the London insurance market....
...He confirmed the heavily trailed 2p cut in national insurance contributions, a shake-up of the “non-dom” tax regime and the creation of a “British Isa” to encourage investment in UK-listed companies....
...Her take is political: she critiques the ruthlessness of the “wellness” industry, and sees the body mass index as essentially a scam by insurance companies....
...Under the terms of the transaction, Nationwide will pay 218p in cash for each share of Virgin Money and a final dividend of 2p, the companies said on Thursday....
...It sponsored a series of financing transactions designed to keep the company afloat,” the asset manager wrote in court papers citing its “good faith”....
...The US Federal Deposit Insurance Corporation is working on proposals aimed at ensuring asset managers do not seek too much influence over the banks in which they hold large stakes....
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