Articles
Insurance
Dutch insurer Delta Lloyd expects to receive the regulatory approval for the company’s €2.5 billion takeover by its competitor NN Group in the second quarter of 2017 but warns on the risks of the deal. 22 March 2017
Insurance
Reinsurers are particularly exposed to the UK’s decision to lower the Ogden personal injury discount rate by far more than expected, which is boosting victims’ compensation and the need for reserves, impacting the profitability of the business. 21 March 2017
Insurance
Re/insurer QBE Australia and New Zealand has appointed Jon Fox as the executive general manager (EGM) of claims, and Andrew Corbett as general manager of its fully owned subsidiary Elders Insurance. 21 March 2017
Insurance
In a letter to Treasury Secretary Steven Mnuchin, four insurance industry trade bodies in the US including the Reinsurance Association of America have reiterated their strong support for the Covered Agreement that was recently negotiated by the US and EU that resolved significant prudential insurance and reinsurance matters. 21 March 2017
Insurance
US-based RMC Group, an insurance, risk management and actuarial consulting firm, has opened new offices in the UK to expand its presence in the European market. 21 March 2017
Insurance
German insurer Hannover Re has reached an agreement to acquire the entire share capital of the UK holding company Argenta, which owns Lloyd’s managing agent Argenta Syndicate Management and Argenta Private Capital as well as pro rata share of the Lloyd's Syndicate 2121. 20 March 2017
Insurance
Hannover-based Talanx, which operates in insurance and reinsurance, grew its net profit by 23.6 percent to €907 million in 2016, helped by lower than expected large losses. 20 March 2017
Insurance
In its response to the Capital Markets Union (CMU) consultation, lobby group Insurance Europe has called on the European Commission to work on changes to the Solvency II framework. 20 March 2017
Insurance
Despite a soft market, large European cedants have slowed down the pace at which they are buying reinsurance, according to AM Best. 20 March 2017
Insurance
Insurance assets for sale in the UK due to Solvency II and demand for acquisitions in Asia Pacific (APAC) are set to drive M&A activity in 2017, according to accounting and advisory firm KPMG. 17 March 2017
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