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Insurance
The former chief financial officer Rory O’Connor and two former actuaries of RSA Insurance Ireland have admitted misconduct and agreed to fines and other sanctions following the conclusion of the Financial Reporting Council’s (FRC) investigation into financial irregularities at the company in respect of the year ended 31 December 2012 and relevant prior periods. 22 February 2017
Insurance
French reinsurer SCOR is sitting on a pile of excess capital worth as much as €200 million and could end up with the same amount again if a reorganisation of its different legal entities goes to plan. 22 February 2017
Insurance
Profits dipped at SCOR in 2016 in what was an otherwise solid set of results for the French reinsurer, which continued to grow largely thanks to contributions from its Global Life unit while its Global P&C business also expanded its footprint in the US. 22 February 2017
Insurance
Property/casualty insurer Chubb has appointed Adrian Matthews to the role of chief operating officer (COO) for Continental Europe, based in Paris. 20 February 2017
Insurance
Broker Willis Towers Watson has entered into exclusive negotiations with French aviation brokerage OAAGC to acquire its team and book of business. 20 February 2017
Insurance
Italian insurer Assicurazioni Generali has acquired 510 million of ordinary shares of Italian bank Intesa Sanpaolo, equal to 3.04 percent of its overall share capital to block a potential takeover move. 20 February 2017
Insurance
German insurer Allianz is convinced of its reorganisation of the life business which is under pressure due to a low interest rate environment, especially in Germany where insurers have offered guaranteed returns to clients that are now difficult to meet. 17 February 2017
Insurance
Germany’s insurance giant Allianz expects its 2017 operating profit to match the €10.8 billion it earned in 2016, according to its results press release. 17 February 2017
Insurance
January renewals evidence that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings said. 16 February 2017
Insurance
NN Group, a Dutch insurance and asset management company, has appointed Satish Bapat as CEO of NN Investment Partners and as a member of the group's management board. 16 February 2017
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