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Zurich Insurance Group has completed the acquisition of ANZ’s life insurance business OnePath Life in Australia for A$2.85 billion ($2 billion), becoming the country’s largest retail life insurer. 3 June 2019
Insurance
Rating agency AM Best has revised the outlook of Cayman Islands-based reinsurer Greenlight Capital Re to negative from stable, expressing concern over its "negative underwriting performance". 3 June 2019
Insurance
Tasker Insurance Group (TIG) has acquired specialist broker Hobbs Broking (Hobbs Associates) as part of strategy to further accelerate its growth plans. 3 June 2019
Insurance
Universal Property & Casualty Insurance Company (UPCIC) has expanded the top of its reinsurance tower for a single Florida event to $3.28 billion (an increase of $134 million) as part of Universal Insurance Holdings’ 2019-2020 reinsurance programmes, effective June 1, 2019. 3 June 2019
Insurance
Organisations are increasingly looking at ways to get more value out of their captive insurance vehicles, whether that be through diversifying their portfolios in areas such as third-party risk and cyber, or simply retaining more risk. 3 June 2019
Alternative Risk Transfer
William Dubinsky, managing director & head of ILS at Willis Towers Watson Securities, takes a look at model clarity and other issues facing the ILS market. 31 May 2019
Insurance
Allianz is acquiring the remaining 51 percent of Liverpool Victoria Friendly Society's (LV='s) general insurance business that it does not already own, for up to £578 million, and taking full owndership of Legal & General Insurance for £242 million, to become the second largest general insurer in the UK. 31 May 2019
Insurance
Re/insurance broker Aon has entered into a commercial partnership with insurtech start-up CoverWallet, an online platform helping small businesses to understand, buy and manage insurance, in Australia. 31 May 2019
Insurance
Aspen Re president and chief underwriting officer and managing director of the Americas, Emil Issavi, is leaving the re/insurer to join specialty insurance services business Ryan Specialty Group (RSG). 31 May 2019
article
Cat bonds protecting sovereign risk present a relatively simple solution for governments and investors, but they are not free from complexities. The greatest of these is the design of the trigger, according to Clive O’Connell, partner, head of insurance and reinsurance at McCarthy Denning. 30 May 2019
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