Articles

Insurance

Zurich acquires QBE Latin American operations

Zurich Insurance Group has entered into an agreement to acquire the operations of Australian insurer QBE in Latin America for a total aggregate price of $409 million.   26 February 2018

Insurance

Swiss Re CEO discusses benefits of Softbank deal

Swiss Re CEO Christian Mumenthaler hinted at the benefits of a potential deal that would see Japan’s SoftBank acquiring a stake in the reinsurer during the full-year 2017 results presentation.   26 February 2018

Insurance

Singapore insurtech attracts $1m investment from France

Singapore-based insurtech UEX has raised S$1.3 million (approximately $1 million) of funding from French insurance broker Verspieren to strengthen its presence in the Singaporean market.   26 February 2018

Insurance

Standard Life Aberdeen sells £3.24bn insurance business to Phoenix

Standard Life Aberdeen is selling its insurance business to UK-based insurance services provider Phoenix Group for a total consideration of £3.24 billion.   23 February 2018

Insurance

Swiss Re reports loss in P&C, corporate solutions for 2017

Swiss Re has posted a loss in property/casualty reinsurance and corporate solutions, with life & health helping to prevent a group loss in 2017.   23 February 2018

Insurance

Allianz attempts to 'squeeze-out and delist' Euler Hermes

German insurer Allianz is launching a further tender offer for the remaining 5 percent of Euler Hermes shares held by minority shareholders that would result in a squeeze-out procedure and delisting of the trade credit insurer's shares from the Euronext Paris stock exchange.   23 February 2018

Insurance

Enstar enters $275m reinsurance agreement with Zurich

Bermuda-based Enstar Group has signed an agreement with an Australian subsidiary of Zurich Insurance Group to reinsure its New South Wales Motor Vehicle Compulsory Third Party (CTP) insurance business.   23 February 2018

Insurance

AXA sells non-life Azerbaijan operations

French insurer AXA has entered into an agreement to sell all of its insurance operations in Azerbaijan, according to a Feb. 21 press release.   23 February 2018

Insurance

RSA 2017 profit jumps despite London Market loss

UK insurer RSA has posted a jump in net profit in 2017 despite underwriting losses in the London Market.   22 February 2018

Insurance

AXA posts record 2017 profit, growth driven by health

French insurer AXA has posted a record net profit for 2017 as the health business boosts growth.   22 February 2018

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