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...Mitsui chief executive Shinichiro Funabiki told the FT last month that the group had decided to focus its growth plans on London, and MS Amlin in particular, because of the city’s “history and expertise”...
...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...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....
...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....
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...My wife was not entirely pleased when I told her I was applying, but now that she understands my true motive, she is wholly behind the plan....
...Lloyds is two years in to a £4bn, five-year investment plan to diversify its income away from mortgages towards income streams less dependent on interest rate changes including wealth management and insurance...
...Chief executive Sam Altman and chief operating officer Brad Lightcap gave presentations to executives from the film industry giants, said multiple people with knowledge of the meetings, which took place...
...The events, executives say, amount to the biggest challenge yet to private capital groups’ foray into the life insurance sector....
...Direct Line shareholders should be wary given Ageas’s poor performance in recent years thanks to its overexposure to unfashionable guaranteed life contracts....
...Insurance executives have also highlighted the risk of a misalignment of interests between the long-term nature of this insurance business and the shorter timeframe of ownership through a PE fund, rather...
...— 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?...
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...Brussels-based Ageas said a deal would strengthen its position in the European market and help it rebalance towards non-life insurance business....
...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....
...“All EU regulators are really down on PE fund owners right now,” one insurance executive told the FT....
...Employers are not obliged to pay into a pension plan chosen by their workers....
...Policymakers and regulators have started paying more attention to the particular risks presented by the flood of PE investment into life insurance....
...Unicredit’s deal-hungry chief executive Andrea Orcel might even be encouraged to buy another insurance business....
...Rossi, who became chief executive in late 2022, highlighted the group’s investment performance across its funds and the contribution from the life insurance business as the reasons behind the company’s recent...
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...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....
...which is owned by MassMutual, one of America’s biggest life insurers....
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