News / UK and world by Press Association July 11, 2019, 10:19 am Send us a story Sign up to our Daily newsletter Life insurance business ReAssure failed to live up to its name on Thursday as bosses pulled a highly lucrative stock market listing due to lack of interest. Parent company Swiss Re said it would scrap plans to start trading shares in ReAssure after it became apparent the valuation of up to £3.3 billion was too high. Shares had been set at a range of 280p to 330p but Swiss Re’s finance chief John Dacey said: “While we firmly believe that the long-term interests of ReAssure are best served by a more diversified shareholder base, there has been no pressing need for Swiss Re to divest shares at a price that we consider to be unrepresentative of ReAssure’s value and future prospects.” The biggest sticking point appears to be caution from institutional investors, who have been burnt previously by new companies listing and … [Read more...] about Insurance giant ReAssure pulls £3.3bn listing over weak demand
1 million life insurance policy
TAKING care of the pennies so the pounds took care of themselves was a discipline I’m sure most mothers knocked slowly into each of our heads. My mother was no different. On a regular basis, I run the cost of my life insurance through a comparison to ensure I’m paying the least for my cover that I should be, or that I am maximising the cover for the premium I’m paying. Most households have their mortgage and cost of living insured against, but disturbingly, 8.5 million breadwinners in the UK have no life insurance at all leaving the UK under insured by £263bn. I can’t imagine the desperation of a family having lost a loved one and breadwinner who can’t afford to pay off their mortgage and are then faced with repossession and eviction. Life insurance dates back as far as 100BC when Roman soldiers put money into a pot to pool risk to protect surviving families in the event of death. It took a few wrong turns with the unscrupulous insuring someone they … [Read more...] about Tax free life insurance or 55% tax?
By all accounts, the Whitakers were a perfect family living in a community outside of Houston, Texas. That was all shattered on Dec. 10, 2003, when the family of four was gunned down as they entered their home. Tricia Whitaker, a retired teacher, and her 19-year-old son, Kevin, died from their injuries. The dad, Kent, survived as did their son, Bart. "I think, "Oh my God, he shot all four of us,'" Kent Whitaker told "48 Hours" correspondent Peter Van Sant. The investigation into the shooting revealed an intricate plot and a ruthless conspiracy to eliminate three of the four Whitaker family members. The mastermind of the plot? Bart, who hated his family and wanted their money. In 2007 he was tried and convicted of hiring the hit man to kill his family and hurt him, too, to cover up the crime. He was given the death penalty. This is where most cases end; not this one. Since his son was convicted, and to the disbelief of some, Kent Whitaker has fought to save Bart from being executed. … [Read more...] about Texas man targeted by a hitman fights for the life of the person who ordered the murder – his son
By Stacy Cowley and Emily Flitter Published 2:45 pm PST, Friday, December 28, 2018 FILE — Patrons use ATMs at a Wells Fargo bank in New York, Sept. 7, 2017. Wells Fargo agreed to pay $575 million to resolve investigations by all 50 states and Washington, D.C., that began after federal regulators revealed in September 2016 that employees had for years opened millions of unauthorized bank accounts in customers’ names. (Devin Yalkin/The New York Times) less FILE — Patrons use ATMs at a Wells Fargo bank in New York, Sept. 7, 2017. Wells Fargo agreed to pay $575 million to resolve investigations by all 50 states and Washington, D.C., that began after federal ... more Photo: DEVIN YALKIN;Devin Yalkin / New York Times Photo: … [Read more...] about Wells Fargo agrees to pay $575 million to resolve state investigations
SECTIONS Search E-edition Home Customer Service Site Information Contact Us About Us Herald Store RSS Feeds Special Sections Advertise Advertise with Us Media Kit Mobile Mobile Apps & eReaders Newsletters Social Facebook Twitter Google+ Instagram YouTube News Sections News South Florida Miami-Dade Broward Florida Keys Florida Politics Weird News Weather National & World Colombia National World Americas Cuba Guantánamo Haiti Venezuela Local Issues Crime Education Environment Health Care In Depth Issues & Ideas Traffic Sports Sections Sports Blogs & Columnists Pro & College Miami Dolphins Miami Heat Miami Marlins Florida Panthers College Sports University of Miami Florida International University of Florida Florida State University … [Read more...] about More than 20 DeSantis campaign donors now advise him on important policy decisions