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Top related persons:
Valentina Za - 2 Jeremy Hunt - 1 Hunt - 1 Aon - 1 Delfas - 1 Huw Jones - 1 Sachin Ravikumar - 1 Jane Merriman - 1
Top related locs:
Britain Eurovita Highland Europe Milan Italy London
Top related orgs:
Thomson - 3 British Private Equity - 2 Venture Capital Association - 2 MILAN - 2 Insurance - 1 British Business Bank - 1 Pensions - 1 Germany's Allianz - 1

Search resuls for: "British Private Equity"


5 mentions found


☆ Britain tells pension funds change needed to improve returns
  + stars: | 2023-10-25 | by ( Huw Jones | ) www.reuters.com   time to read: +2 min
The government wants to persuade pension schemes to invest some of their funds in infrastructure as well as startups and green technology. Ten companies have now voluntarily committed to invest 5% of their pension funds, or about 50 billion pounds in total, in unlisted companies by 2030. "I think we have got too many pension funds in this country, and I do want to see an industry where we end up with fewer, larger funds," Hunt told an event to take stock of the initiative. He said he wanted to see larger funds with the confidence to invest in growth companies. Delfas said fewer, larger and well run schemes were needed, and it was time to consolidate pension funds that lack expertise, scale and appetite to deliver better returns to savers into funds that do.
Persons: Jeremy Hunt, Hunt, Aon, Delfas, Huw Jones, Sachin Ravikumar, Jane Merriman Organizations: Insurance, British Private Equity, Venture Capital Association, British Business Bank, Pensions, Thomson Locations: Britain
☆ Italy's top insurers, banks strike Eurovita rescue deal
  + stars: | 2023-07-01 | by ( Valentina Za | ) www.reuters.com   time to read: +2 min
MILAN, June 30 (Reuters) - Italy's top four insurers and Germany's Allianz (ALVG.DE) have agreed a multi-billion euro rescue deal for Eurovita, industry supervisor IVASS said on Friday after months of work to broker an accord which also involves 25 banks. Earlier this year, Eurovita became the first Italian insurance company to be placed under special administration, after running into trouble due to higher interest rates. Insurers Generali (GASI.MI), Intesa Sanpaolo Vita (PST.MI), Poste Vita (PST.MI), UnipolSAI (US.MI) and Allianz will set up a new company that will take on Eurovita life insurance policies. To prevent the five insurers from being hit by redemptions once the ban is lifted, banks that sold Eurovita the products are participating in the rescue. The lenders will provide financing to repay Eurovita customers who redeem their policies, while holding the underlying bonds to maturity and neutralising any losses.
Persons: IVASS, Eurovita, redemptions, Intesa, Vitale &, Gatti Pavesi Bianchi, Valentina Za, Alvise Armellini, Alexander Smith Organizations: MILAN, Germany's Allianz, Allianz, Banco, Credit Agricole, Thomson Locations: Eurovita
☆ Nearly half of startups backed by some of the UK and Europe's top VC funds have zero women on the board, trailing bigger firms
  + stars: | 2023-06-28 | by ( Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com   time to read: +3 min
Almost half of startups backed by top UK and European VC firms lack female board members, data shows. It means startups trail the 350 biggest listed UK firms, which hit 40% female board representation. Startups, though often promising to disrupt the status quo, are well behind larger firms when it comes to female leadership. Nearly half of startups currently backed by top UK and European venture capital firms lack any women on the board, new figures show. The data comes from 16 VC firms in the UK and Europe and covers 450 companies in their portfolios.
Persons: ESG_VC, Henry Philipson, Philipson, Michelle You, there's Organizations: European, Molten Ventures, Beringea, MMC, British Private Equity, Venture Capital Association, Investors Locations: Highland, Europe
☆ Exclusive: Italy prosecutors investigating Cinven-owned Eurovita - sources
  + stars: | 2023-06-22 | by ( ) www.reuters.com   time to read: +1 min
MILAN, June 22 (Reuters) - Prosecutors in Milan have opened an investigation into Eurovita, a small life insurer which has been placed under special administration by Italian authorities after running into trouble, two people with direct knowledge of the matter said. Italy is currently trying to orchestrate an industry rescue for Eurovita, which is owned by British private equity fund Cinven. The sources said that, at the moment, nobody was under investigation in the probe and no possible crime had yet been identified. The probe has been opened by the department of Milan prosecutors' office in charge of financial crime, the sources said. Reporting by Emilio Parodi in Milan and Pablo Mayo Cerquiero in London; Additional reporting and writing by Valentina Za; editing by Alvise ArmelliniOur Standards: The Thomson Reuters Trust Principles.
Persons: Cinven, Emilio Parodi, Pablo Mayo, Valentina Za, Alvise Organizations: MILAN, Prosecutors, Pablo Mayo Cerquiero, Thomson Locations: Milan, Italy, London
☆ Cinven seeks deal for Eurovita to meet demands to raise $250 million in capital
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +2 min
MILAN, Sept 20 (Reuters) - Italy's insurance watchdog has told life insurer Eurovita to quickly boost its capital reserves by around 250 million euros ($250 million), prompting its owner British private equity firm Cinven to seek a sale, sources said. Three sources close to the matter said Cinven, which last year unsuccessfully attempted to sell Eurovita, was again working with advisers Deutsche Bank and Citi to find a buyer. Italian daily MF reported earlier this month specialist life insurer Athora was eyeing Eurovita, after it entered the Italian market last year with the acquisition of mid-sized player Amissima Vita. Like other Italian insurers, Eurovita has seen premiums shrink during the pandemic. Demands by IVASS for insurer Cattolica to raise capital eventually led to its takeover by bigger rival Generali.
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