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Insurance
Dutch NN Group has reached an agreement to acquire Aegon's life insurance business in the Czech Republic and Aegon's life insurance and pension businesses in Slovakia for a total consideration of €155 million. 16 August 2018
Insurance
Specialist insurer QBE North America, a unit of Australia’s QBE Insurance Group, has agreed to sell its personal insurance business to Safeco Insurance, a Liberty Mutual Company. 16 August 2018
Insurance
Connecticut-based startup Tremor Technologies has launched a risk placement marketplace for reinsurance protection. 16 August 2018
Insurance
Brit Global Specialty USA (BGSU) has affirmed its commitment to the US Yacht market after media reports saying that Brit Global Speciality, Lloyd’s syndicate 2987, ended its yacht insurance business lines. 15 August 2018
Insurance
Bermuda-based Aspen Insurance Holdings has granted its group chief financial officer Scott Kirk with a retention award in the amount of $2 million. 15 August 2018
Insurance
Fosun International vice president Li Tao has been appointed as chairman of the board of directors of Hong Kong-based Peak Reinsurance Company. 15 August 2018
Insurance
UK motor insurer Admiral Group grew profits and turnover in the first half of 2018 as its core business delivered. 15 August 2018
Insurance
Insurance Australia Group (IAG) has increased insurance profit by 10.8 percent year on year to A$1.41 billion ($1.02 billion) in its 2018 financial year on lower expenses. 15 August 2018
News
Reinsurers have embraced third-party capital through instruments like sidecars, collateralized reinsurance, and catastrophe bonds and the retrocession market increasingly depends on this convergence capital, a new report by S&P Global Ratings states. 15 August 2018
Alternative Risk Transfer
Lloyd’s agencies want insurance-linked securities (ILS) as a permanent re/insurance market fixture, according to a survey by the Lloyd’s Market Association (LMA). 14 August 2018
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