Hints and tips:
Related Special Reports
...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....
...Private capital managers use Bermudian operations to reinsure life insurance and annuity business from companies that they already own as well as from rivals....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Its share price and that of bigger rival L&G have snaked sideways for more than a year. Just trades at a 60 per cent discount to book value. Its life insurance peers are closer to parity....
...Private capital groups have swept into life insurance since the financial crisis, with firms as big as Apollo, Blackstone and KKR either acquiring life insurers — providers of annuities and other products...
...“People hear pay cheque for life, they think ‘great’. Then they hear the word annuity,” Ackerly said....
...But debt markets present a bigger opportunity than equity markets and insurance has proved to be a reliable source of fee-paying permanent capital....
...Revived by high rates The long-standing pros of annuities are certainty, simplicity and security — a known income for life....
...Zurich, one of Europe’s biggest insurers, struck a deal to sell its German legacy life insurance back book — including annuity and endowment products — to Viridium in 2022....
...The advantages of annuities are certainty, simplicity and security — the value of having a known income for life....
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...and workplace insurance products such as pensions....
...In 2019 Standard Life was fined £30mn for mis-selling annuities to customers over the phone between 2008 and 2016....
...’s life....
...Some bulk annuity providers such as Aviva and Legal & General are part of broader groups offering other types of insurance and investments but PIC, founded in 2006, is a privately owned specialist in the...
...The Office for National Statistics’ National Life tables show that for those aged 65 between 2020 and 2022, men could expect to live another 18.3 years, and women another 20.8 years....
...capital, it’s possible to buy a purchased life annuity (PLA) using a cash lump sum....
...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....
...Their demands are intended to protect retirees, widows and orphans relying on annuities and other products from the insurers....
...Canada Life reported annuity sales doubling to £441mn in the first half of the year, compared with the same period in 2022....
...My wife and I relied on our credit card insurance policies when travelling to the Middle East and North Africa to visit our family....
...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...
...— The Japanese Bid for Foreign Bonds After the End of Yield Curve Control (Brad Setser and Alex Etra) — Why do people let their life insurance lapse?...
...and bulk annuity sales....
...Insurance and savings group M&G has re-entered the bulk annuity market, taking advantage of booming conditions as companies look to offload their pension schemes to insurers....
International Edition