Articles

Insurance

Newline Group launches Brexit hub in Germany; appoints CEO

London-based specialty insurer Newline Group has launched its new European Union insurance hub in Cologne, following authorisation from the German Federal Financial Supervisory Authority (BaFin).   2 April 2019

Insurance

Moody’s warn no-deal Brexit likely to damage UK life insurers capital, growth and profit

Ratings agency Moody’s has warned that a no-deal Brexit is likely to damage the capital, growth and profit of UK life insurers in the short to medium term, in its latest report for investors.   1 April 2019

Insurance

Monument Re acquires Ireland-based Inora Life from Societe Generale

Bermuda-based reinsurer Monument Re has signed a definitive agreement to acquire Inora Life DAC from French financial services company Societe Generale.   28 March 2019

Insurance

Norway's Norsk Hydro cyber attack losses estimated at $40m; AIG named as lead insurer

Norwegian aluminium and renewable energy company Norsk Hydro, which suffered a severe ransomware attack last week, has estimated that total losses from the incident have already reached 300-350 Norwegian crowns (nearly $40 million).   27 March 2019

Insurance

Ship insurer UK P&I Club gets green light for Dutch Brexit hub

UK P&I Club, a provider of protection and indemnity insurance to the international shipping community, has received approval from the Dutch financial regulator to establish a Brexit subsidiary in Rotterdam.   27 March 2019

Insurance

AXA hires Merrill Lynch's chief European economist

French insurer AXA Group has appointed Gilles Moëc as new group chief economist, reporting to AXA Investment Managers CEO Andrea Rossi.   27 March 2019

Insurance

SCOR says CIAM's claims 'unfounded, misleading'; backs CEO Kessler

French reinsurer SCOR has called on its shareholders to reject the draft resolution of its activist investor CIAM that suggested its CEO Denis Kessler be removed from the company's board of directors.   26 March 2019

Insurance

CIAM urges SCOR to end Kessler's combined CEO and chair roles

French investment management firm CIAM, which holds 0.94 percent stake in SCOR, has submitted a draft resolution asking the reinsurer to oust its long-serving chief executive Denis Kessler from the company's board of directors at the next general meeting on April 26.   26 March 2019

Insurance

EU regulator approves Marsh-JLT merger; date set for final completion

The European Commission has approved Marsh & McLennan Companies' (MMC's) acquisition of re/insurance broker Jardine Lloyd Thompson Group (JLT), conditional on the divestment of JLT's global aerospace practice.   25 March 2019

Insurance

Liberty confirms new headquarters in Luxembourg ahead of Brexit

Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has confirmed it has opened its new headquarters in Luxembourg city.   21 March 2019

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