News
Insurance
US-based property/casualty insurer The Hanover Insurance Group has appointed Bryan Salvatore as executive vice president and president of specialty. 26 May 2017
Alternative Risk Transfer
The ILS market is seeing a boom in activity in 2017. Bill Dubinsky, managing director & head of ILS at Willis Towers Watson, casts an eye over the year so far. 25 May 2017
Insurance
The boards of CF Corporation and Fidelity & Guaranty Life (FGL) approved a definitive merger agreement under which CF Corp. will acquire FGL for a total of approximately $1.84 billion, plus the assumption of $405 million of existing debt. 25 May 2017
Insurance
The introduction of IFRS 17, the new international accounting standard for insurance contracts, is the biggest shake up of insurance reporting for decades as it will impact profit, equity and volatility, as well as reserving and financial reporting processes, according to industry experts. 18 May 2017
Insurance
Global insurance mergers and acquisitions (M&A) transaction activity dropped in 2016 across all sectors, according to a study by Conning. 17 May 2017
Insurance
Insurers based in the UK are creating new entities in the EU to ensure access to the market after Brexit, but the move is set to involve low numbers of staff, Standard & Poor’s suggested in a May 16 briefing in London. 17 May 2017
Insurance
UK insurer Liverpool Victoria Friendly Society (LV=) has confirmed in a statement that it has recently received approaches from a number of parties regarding possible strategic transactions relating to its general insurance operations. 15 May 2017
Insurance
American International Group (AIG) is planning to name former company executive Brian Duperreault as its new chief executive, the Wall Street Journal reported late on May 10. 11 May 2017
Insurance
Switzerland-based Zurich Insurance Group has booked a charge of $289 million as a result of the UK’s decision to change the Ogden personal injury discount rate. 11 May 2017
Insurance
Ratings agency S&P Global Ratings has downgraded Dutch insurer NN Group due to the financial resources used to acquire its competitor Delta Lloyd which are reducing its capital buffers. 11 May 2017
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