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Insurance
Bermuda-based Monument Re has acquired the full ownership of Aspecta Assurance International Luxembourg, a life insurance undertaking based in Luxembourg with branches in Germany, Italy and Spain, according to a Jan. 30 press release. 31 January 2018
Insurance
The new international accounting standard for insurance contracts from 2021, IFRS 17, could temporarily increase the cost of capital for European insurers, Fitch Ratings said in a Jan. 26 note. 29 January 2018
Insurance
QBE Business Insurance has appointed Maths Stanser as market manager for the Nordics to drive growth in the region. 29 January 2018
Insurance
Allianz Legal Protection (ALP) and JLT Specialty have created Omnium, a specialist after the event (ATE) insurance solution for insolvency practitioners (IP’s). 29 January 2018
Alternative Risk Transfer
PGGM, the Dutch pension fund manager overseeing assets of nearly €200 billion ($248 billion), is looking to increase its allocation to insurance-linked securities (ILS), according to a Jan. 26 Reuters report. 29 January 2018
Insurance
Chubb has made changes within its senior leadership team following a strategic cooperation agreement with PICC Property & Casualty Company of China. 29 January 2018
Insurance
Lloyd’s chief financial officer has mooted the idea that brokers should reduce the commission they make on business placed in the market as a way of reducing the overall cost of using Lloyd’s. 26 January 2018
Insurance
Losses due to wind from winter storm Friederike will range between €1.3 billion and €2.6 billion, according to catastrophe modelling firm AIR Worldwide. 26 January 2018
Insurance
Swiss Re's Global Business Solutions unit in India has signed a memorandum of understanding (MoU) with country’s National Insurance Academy (NIA), to collaborate as a technical partner on its academic activities and programmes. 25 January 2018
Insurance
The German branch of Mapfre Global Risks has poached an expert in engineering insurance from Allianz Global Corporate & Specialty. 25 January 2018
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