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...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....
...The point of the temporary accounting-rule change, from the National Association of Insurance Commissioners, was to shield life insurers’ capital from losses caused by rising interest rates....
...Since he took over in 2012 shareholder returns at L&G have beaten the broader UK life sector by half. Yet the stock and the sector remain unloved....
...Kathleen Donnelly KC acted for 555 sub-postmasters in a 2019 High Court case, known as Bates v Post Office, that led to revelations the company had pursued thousands of people between 2000 and 2014 with...
...Analysts said the company had put up less capital against these deals than expected....
...Tom Wilson in London...
...Wilson is relatively sanguine. “I’m not trying to hide the fact that I want to have children at some point. This is an insurance policy, but it might not work.”...
...Despite the discomfort of King George V — whose cousin the Tsar had been executed by the Bolsheviks — Labour formally recognised the Soviet Union....
...Insurance companies are creating demand for healthcare insurance, the fastest-growing category. Shares of AIA are down a tenth in the past year....
...The life insurance group is the UK’s biggest asset manager, investing more than £1.2tn for clients....
...Wilson, who is standing down at the end of the year after more than a decade in charge of the FTSE 100 insurance group, has told friends he has “one more big job” in him....
...Patricof, who is 89, was there to raise funds for Primetime Partners, an early-stage venture capital fund that invests in companies working to improve the quality of life for older people....
...That point is critical to insurance companies buying such debt, which typically must own safer assets. The funds’ bets on music rights have similarities to their wagers on commercial real estate....
...Kennedy-Wilson said in a filing on Monday that it was paying $2.4bn for 74 floating rate loans with an aggregate principal balance of $2.6bn....
...For some, the financial burden is being eased by employers who are increasingly offering funding for egg-freezing and IVF as part of their private health insurance benefits....
...The company might have hoped for a smoother ride: injuries to a number of principals, including Russian ballerina Olga Smirnova, forced casting shuffles....
...It also offered Norwegian battery company Freyra $358mn incentive package for its $2.6bn battery gigafactory....
...Legal & General chief executive Sir Nigel Wilson is to retire after more than a decade in the top job at the UK’s largest life insurer and investment manager....
...Because they were both self-employed — Lacey is a commercial insurance broker, Gary owns a small tech company — they would need to show the bank that, in addition to the 10 per cent deposit, plus all the...
...Wilson, who announced in January that he plans to retire after more than a decade in charge of the FTSE 100 insurance group, added that within the property sector, offices had become a more challenging investment...
...“I genuinely think this guy is a genius,” says Chris Brose, Anduril’s chief strategy officer, who was Senator John McCain’s principal adviser on national security, and is the company’s most senior hire from...
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