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NN Group and Delta Lloyd have reached a conditional agreement under which NN Group will buy Delta Lloyd for €5.4 per share which equates to €2.5 billion. The companies said the deal has been driven by competitive market conditions and the capital requirements of Solvency II. 23 December 2016
Insurance
While the UK vote to leave the EU has shocked London with its large internationally-oriented financial services sector, it also may create some opportunities for the insurance industry. 22 December 2016
Insurance
Italian insurer Assicurazioni Generali has completed an innovative deal through the issuance of insurance-linked securities (ILS) that provides it with €225 million of protection from bond investors against the deterioration of the loss ratio of its motor third party liability portfolio. 22 December 2016
Insurance
Cunningham Lindsey, a provider of claims management services, has appointed a new chief executive in Malaysia. 22 December 2016
Insurance
Pro Global Insurance Solutions has agreed to sell Pro Services, its outsourcing and consulting business which represents the majority of its trading activities, to focus on supporting the growth of Asta, third party managing agency at Lloyd's. 22 December 2016
Insurance
Grupo Mexicano de Seguros (GMX), the Mexican property/casualty insurer, has been upgraded by AM Best, partly because of improved underwriting practices and its reinsurance programme. 22 December 2016
Insurance
Six firms have been chosen as technology development partners on the so-called Pensions Dashboard, a project managed by the Association of British Insurers (ABI), which will create the first online service allowing people to see all their pension savings in one place. 22 December 2016
Insurance
AM Best has upgraded the financial strength rating of Arab Insurance Group (Arig) to A- (Excellent) from B++ (Good). The outlook of the rating has been revised to stable from positive. 22 December 2016
Insurance
The British Insurance Brokers’ Association (BIBA) has introduced a free online facility for its members that will help with due diligence if they choose to use unrated non-life insurers. 22 December 2016
Insurance
Andrew McKee, the chief executive officer of MS Amlin Underwriting at Lloyd's, is set to leave the company on Dec. 23. 21 December 2016
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