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...But it warned the industry last year that relying on funded reinsurance could create a “systemic vulnerability” for the sector, in the case of reinsurers failing and the original life insurers having to...
...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...
...So-called superfunds have emerged as a cheaper option for employers looking to offload pension plans without paying a premium for a full insurance buyout....
...Almost 10 per cent — $850bn — of the US life insurance industry’s assets were owned or managed by private equity firms by the end of 2021, the IMF said....
...such as life sciences and insurance....
...a part of the group’s success in the past . . ....
...Your father’s executors are responsible for administering his will and the trustees appointed in respect of the Standard Life trust are responsible for administering it....
...One adviser to private capital groups said the Eurovita episode meant it was “one step forward, three steps back” for private equity’s standing with regulators after years of trust-building....
...But as DD’s Antoine Gara reports in this deep dive, the industry is dominated by a small group of dealmakers who cut their teeth competing on arcane deals in the US in the early and mid-2000s when the asset...
...“To be continued,” chair Gruenberg said as he closed the public session of its meeting. Industry groups contend there is no need to change the current system....
...A quarter of employers who hire staff on zero-hours and other flexible contracts do so in order to cut their wage bill, according to a study that will fuel calls for reforms to boost workers’ rights....
...A proposed shake-up of the UK’s pension market to give millions of workers the right to choose a retirement “pot for life” risks leaving savers worse off, industry leaders and unions have warned....
...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....
...Industry groups argue tougher regulation could raise compliance costs and lower demand and liquidity for bank stocks if the new rules make it harder for investors to take large stakes....
...The Federation of Small Businesses and Make UK, which represents manufacturers, say that the national insurance burden on employers should be reduced and aligned with the increase in the National Living...
...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...
...The group, which is one of the world’s biggest insurers and offers broader financial services including banking, reported operating profits down a fifth at Rmb118bn ($16bn) last year, in results released...
...services industry has swung to historic lows....
...Private equity groups such as Blackstone expect that falling interest rates will spur an increase in dealmaking that will allow the industry to exit $3tn of unsold private company investments....
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
...the chair of the Federal Deposit Insurance Corporation has warned....
...which is owned by MassMutual, one of America’s biggest life insurers....
...According to the Health Transformation Alliance, a co-operative of American employers seeking cheaper healthcare, the use of anti-obesity drugs among its members was 64 per cent higher in 2023 than in 2022...
...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....
...The Sony-backed group plans to keep Benefit One listed and it has already agreed to buy Pasona’s stake in the subsidiary....
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