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Insurance
UK insurer Aviva has announced the sale of its 50 percent shareholdings in life insurance and pension joint ventures Unicorp Vida and Caja España Vid, as well as its retail life insurance business Aviva Vida y Pensiones, to Santalucía. The total consideration of the transaction is €475 million. 10 May 2017
Insurance
Novae Group enjoyed substantial growth driven largely by US excess and surplus lines in the first quarter of 2017 despite exiting a number of casualty lines of business where it has deemed rates unsustainable. But it also warned that these would still hit its profitability this year. 10 May 2017
Insurance
Bermuda-based property/casualty re/insurer XL Group said on Sept. 19 that it decided to move its principal European Union insurance company, XL Insurance Company, from the UK to Ireland in 2018 in response to Brexit. 19 September 2017
Insurance
Tokio Marine Group has revealed its plan to set up an insurance company in Luxembourg for writing European business after Brexit. 6 September 2017
Insurance
Randall and Quilter Investment Holdings (R&Q) said on Oct. 30 that it has reached an agreement with ProSight Specialty Insurance (ProSight) to novate the management of Syndicate 1110 (S1110) to R&Q Managing Agency Limited (RQMA). 30 October 2017
Insurance
China’s internet-only ZhongAn Online Property and Casualty Insurance plans to add life insurance and other healthcare products to the range of policies it offers to accelerate growth after going public in Hong Kong, Reuters reported on Sept. 17. 18 September 2017
Insurance
As carriers reassess their priorities and refocus on making underwriting profits, the use of technology and data science will become key to achieving this, and give companies with these capabilities an advantage, Pina Albo, chief executive of Hamilton Insurance Group, told Baden-Baden Today. 24 October 2018
Alternative Risk Transfer
The buyer for UnipolSai Assicurazioni, one of Italy’s largest insurers, has said he will not be pressing reinsurers for the lowest possible conditions in this renewals as he prefers to establish long-term strategic partnerships with a much smaller panel of reinsurers. 13 September 2016
Insurance
Cyber threat continues its upward trend globally, ranking 2nd in the Allianz Risk Barometer in 2018 compared to the 15th place five years ago. 16 January 2018
Insurance
Bluefin, a leading UK insurance broker, has extended its long-term loss recovery insurance services partnership with Lorega, a UK managing general agent (MGA) and assistance specialist, across its middle market commercial business. 2 June 2016
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