Articles
News
Pressure on the reinsurance operations and investment income are increasingly weighing on Munich Re’s results, but the new CEO Joachim Wenning says that there is not much he can do about the main factors behind it as they are beyond the company’s control. 9 August 2017
News
Profits plummeted at Munich Re in the second quarter of 2017 but the world’s biggest reinsurer said it was still well on track to reach its 2017 profit guidance of between €2 billion €2.4 billion. 9 August 2017
Insurance
Former Cooper Gay CEO Toby Esser is set to acquire a majority stake in independent London broker AFL, sources told Intelligent Insurer. 8 August 2017
Alternative Risk Transfer
Solidum Partners, the Switzerland-based investment firm that specialises in helping companies issue private cat bonds, has facilitated the issuance of the first insurance-linked security (ILS) whereby the traditional settlement system has been replaced with the use of blockchain. 8 August 2017
Insurance
The London Market Group (LMG) said on Aug. 8 that it introduced an online service that converts the contents of a paper Market Reform Contract (MRC) – the policy wording – into consistent electronic data that can then be ingested by the carriers’ own systems. 8 August 2017
Insurance
Aon Groep Nederland has entered into an agreement to acquire Unirobe Meeùs Groep (UMG) from Aegon for €295 million. The transaction is expected to close in the fourth quarter of 2017. 8 August 2017
Insurance
Thomas Bradley, the chief financial officer (CFO) of Allied World Assurance Company Holdings, has left the company following its $4.9 billion acquisition by Canadian P&C re/insurer Fairfax Financial Holdings. 7 August 2017
Insurance
The new UK insurance group The Ardonagh Group which combines Towergate, Autonet, Chase Templeton, Ryan Direct and Price Forbes may be sold or listed on the stock exchange, the CEO reportedly told The Telegraph in an Aug. 6 report. 7 August 2017
News
Swiss Re is seeking opportunities to grow its life reinsurance business as it shrinks its property/casualty operations, waiting for the soft market to ease. 4 August 2017
Insurance
Allianz Group and Liverpool Victoria Friendly Society (LV=) will launch a joint venture that will create the third biggest personal lines insurer in the UK thanks to a deal that values LV=’s general insurance at more than £1 billion. 4 August 2017
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