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...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...He had previously posted a separate bond to cover another $5mn verdict won by Carroll last year. The $91.6mn bond was underwritten by a subsidiary of the Chubb corporation....
...Established in 1879, the company employs more than 43,000 people selling general and life insurance products and boasts a near-$50bn equity market value....
...“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....
...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...
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...the chair of the Federal Deposit Insurance Corporation has warned....
...The PE insurance company subsidiaries sell annuities, that is, contracts by which individuals exchange a lump sum for a certain level of income over a certain period of time, sometimes the rest of the individual...
...Federal Deposit Insurance Corporation....
...Barings, a subsidiary of US life insurer MassMutual, filed on Monday for a temporary restraining order and preliminary injunction against Corinthia Global Management in a North Carolina court....
...That bond was underwritten by a subsidiary of the Chubb corporation....
...Lloyd’s said the agreement with Chinese insurance company Ping An, which has owned the building for a decade, will allow it to continue its renovation of workspaces and make further refurbishments, including...
...The UK insurance industry has urged ministers to adopt a light-touch regulatory regime for so-called captive insurance companies to encourage hundreds of businesses to bring these subsidiaries onshore and...
...Barings, a subsidiary of US life insurer MassMutual, filed legal action on Monday following the departure of more than 20 of its most senior executives to upstart rival Corinthia Global Management, which...
...It covers profits from subsidiaries with Federal Deposit Insurance Corporation-insured deposits, and includes JPMorgan’s earnings from commercial and retail banking, and parts of its investment banking and...
...Imagine the tab for a proper mess. If deposit runs are a fact of life, we had better find ways to slow them down before the entire system comes crashing down in the blink of a digital eye....
...The writer is a former chair of the US Federal Deposit Insurance Corporation and author of the ‘Money Tales’ books I am a former financial regulator. I also write children’s books....
...“One of these days, some life insurance company is going to get whacked on their private credit . . . You can have a run on a life insurance company.”...
...Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, warned of “significant downside risks to the banking industry”....
...of Athene, Apollo’s life insurance and annuities subsidiary....
...One of these days, some life insurance company is going to get whacked on their private credit . . . You can have a run on a life insurance company.”...
...In securities filings this week, US oil company Chevron disclosed a potential hang-up for its pending $53bn all-stock acquisition of smaller rival, Hess Corporation....
...News round-up Axel Springer strikes landmark deal with OpenAI over access to news titles (FT) Apollo plots £5bn takeover of Pension Insurance Corporation (Sky News) Bain Capital buys controlling stake...
...SVB Financial Group has sued the US Federal Deposit Insurance Corporation in a bid to recover $1.9bn in cash that the regulator has kept since it took over the group’s banking subsidiary in March....
...Still, new legislation such as the Economic Crime Act has gifted him more powers, such as the ability to prosecute companies for failing to prevent fraud by employees and subsidiaries....
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