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...In a lawsuit filed last week, Atlantic Coast Life Insurance and Sentinel Security Life Insurance, part of US insurance group A-Cap, asked a New Jersey court to stop AM Best from “issuing the rating it has...
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Another union figure expressed disappointment that the New Deal no longer includes a pledge to use public procurement to “support good work” by directing contracts to companies that recognise trade unions...
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...She proposed a range of solutions including tightening building rules, creating national and EU-wide schemes to share risks, and drawing more deeply on reinsurance markets....
...It is the second big transaction by a private capital-backed firm to take on long-term life insurance business that has failed in recent months....
...The steep rise in the cost of home insurance in the US and elsewhere can be traced, in part, to a move two years ago by P&C reinsurers to increase the price of cover against natural catastrophes and toughen...
...“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....
...Meanwhile, organisations such as the National Association of Insurance Commissioners (NAIC) and the IMF have raised warning flags about hard-headed financial investors mixing themselves up in the retirement...
...Buffett takes a firmly hands-off approach to Berkshire’s businesses, but makes an exception for insurance, which spans Geico, the National Indemnity Company, and vast reinsurance operations, including Gen...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...The area of private medical insurance that has seen the strongest growth has been in the number of people taking out personal cover, according to a survey by Statista Consumer Insights, a research company...
...But a less-followed risk is adding to unease at companies offering life and health insurance: scientists’ warnings, and research findings, that a warming climate is causing an increasing number of excess...
...The private medical insurance sector is booming, with the number of people covered by health insurance hitting 5.8mn in 2022, according to the latest industry data — the highest level since 2008....
...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 union] campaigns on ‘look at what Ford got’,” Belcher said. “They’ve really been pushing $40 [an hour] and free health insurance.”...
...Importantly, FCI I never participated in the origination of any life insurance policy....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Its life insurance peers are closer to parity. One investor concern is the capital-hungry nature of bulk annuity business....
...“The fact that improvements in life expectancy are stalling and that the gap in healthy life expectancy between the richest and poorest is growing is shocking.”...
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...“President Biden and the union are saying all kinds of things. Basically, they are concerned about job security and national security....
...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...
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
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