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Insurance
German insurer Allianz will acquire a chunk of the Property and Casualty (P&C) insurance business of Italy’s UnipolSai, for €440 million. UnipolSai is a subsidiary of insurer Unipol, which achieved €1.1 billion of premiums in 2013. 17 March 2014
Insurance
2013 proved to be a weak year for deal flow in the insurance industry—particularly in risk-bearing sectors, according to a new study by Conning, with transaction numbers down 6.7percent compared with 2012 and the aggregate deal values down 55.3 percent. 14 March 2014
Insurance
Law firm Kennedys has strengthened its international corporate insurance practice with the appointment of Michael Skrbic as a partner in the London office. 14 March 2014
Alternative Risk Transfer
Munich Re has completed a $100 million cat bond that will provide it with coverage for three seasons of per occurrence protection for named storms affecting the US and for cyclones affecting Australia. 13 March 2014
Insurance
Argo International, the Lloyd’s insurer and member of Argo Group, has expanded its D&O team. Tim Finch joins from Nexus Financial Products as an underwriter. 13 March 2014
Insurance
Italian insurance group Generali has posted its best results for six years following a fundamental restructuring of its operations. Last year represented the first year in a three-year turnaround plan it has initiated designed to rebuild its profitability and capital solidity. 13 March 2014
Awards
With some 14,000 unique responses already gathered, the first stage of the annual Global Reinsurance Survey being conducted by the Intelligent Insurer in-house research team will shortly close. 13 March 2014
Insurance
Capita Insurance Services has hired a director of business development. 13 March 2014
Insurance
Broker Miller has hired a downstream energy specialist. 13 March 2014
News
Generali Real Estate, a real estate company formed in 2012 by Italian insurer Generali, has appointed Christian Delaire as CEO. 12 March 2014
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