Legal & General
Increasing FDIC’s powers could penalise senior debt holders
David Knutson, senior research analyst at LGIMA, says granting the FDIC powers to determine the priority of creditors’ claims in failing financial institutions would be a costly mistake.
The FSA's Retail Distribution Review: What price retail advice?
What price advice?
Legal & General creates CRO role
UK insurer promotes group financial controller to oversee risk management
Volatility drives UK products towards growth
FTSE and growth products are popular as rising volatility makes income products difficult to structure
Solvency II to push annuity providers to gilts
Fitch analysts say demand for corporate bonds could drop as Solvency II forces UK insurers to opt for gilts
Escape from Solvency II - insurers consider the offshore option
Many UK insurers faced with growing regulatory pressure are seeking a move offshore to escape the forthcoming Solvency II regulations and the high capital charges they bring. But do lower capital charges equal lower standards for consumers? Blake Evans…
An unhealthy interest
The rise of impaired annuity providers at the start of the decade prompted a migration of the least healthy annuitants away from traditional providers, skewing their mortality assumptions and capital reserves. But as mainstream annuity providers use an…
RH Donnelley LCDSs settle in line with analyst expectations
An auction to cash-settle loan credit default swaps (LCDSs) referencing North Carolina-based commercial search firm RH Donnelley produced a recovery rate of 78.125%. Auctions to cash-settle LCDSs on two of the firm's subsidiaries, Dex Media East and Dex…
Legal advice
Legal & General is enjoying success in the retail UK market with its capital-guaranteed bond series. However, as signs emerge that customers are looking beyond the FTSE to emerging markets, the company's product offering could diversify away from vanilla…
Legal & General makes two senior hires in fixed income
London-based Legal & General Investment Management (L&G IM) has made two senior appointments to its active fixed-income team.
The game of life
UK life insurers have faced a new regulatory regime in the aftermath of the guaranteed annuity options disaster, which has led them to rethink their use of derivatives. Nicholas Dunbar talks to four leading life companies