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Insurance
The Lloyd’s Market has made good progress in preparing for Solvency II. But despite some £400 million having been invested so far, more work is needed to ensure it secures model approval, believes Luke Savage, director of finance and operations.   4 July 2014
Insurance
Xchanging, the business process, procurement and technology services provider, has acquired all the European operations of the US-headquartered insurance software business Agencyport Software for £64.1 million.   4 July 2014
Insurance
The Central Bank of Ireland has appointed Sylvia Cronin, a former AXA executive, as the director of insurance supervision.   4 July 2014
Insurance
European economies faced $3 billion of economic losses following severe thunderstorms in June, according to Impact Forecasting.   4 July 2014
Insurance
BT has offloaded £16 billion of its pension scheme’s liabilities into the insurance sector in what is believed to be the largest longevity swap transaction to date.   4 July 2014
Insurance
Zurich Insurance Group has agreed to sell its Russian retail business to OLMA Investment Group as it focuses on building corporate business in the region.   3 July 2014
Insurance
Xchanging, the business process, procurement and technology services provider, has agreed to buy insurance software business Total Objects for a potential total of up to £21 million.   3 July 2014
Insurance
AXA UK’s chief executive officer (CEO) has been voted in as chairman of the Association of British Insurers (ABI) for a two year term.   3 July 2014
Insurance
R&Q has appointed Andrew Matthews, formerly of Aon, as managing director of R&Q Insurance Management (Gibraltar), previously known as R&Q Caledonian.   3 July 2014
News
The reinsurance sector saw significant rate reductions at the mid-year renewals as excess capital continues to chase muted demand, according to Willis Re.   2 July 2014

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