Banks and insurers should start preparing for a hard Brexit as the deadline to the UK’s withdrawal from the EU nears, the Financial Conduct Authority (FCA) said yesterday.
With only eight months to go before Brexit – 29 March 2019 – the regulator said it was making plans and urged businesses to bolster their own preparations and be ready for a “no deal” scenario
Generali’s agreement to sell 89.9% of Generali Leben to Viridium reinforces expectations that disposal of closed funds will be a growing theme in the German life insurance market, with run-off deals expected to grow to €180bn, Fitch Ratings has said.
The transaction would be the largest run-off deal in Germany to date, covering traditional-business reserves of about €37bn
Insurers should take a stand against coal expansion and refuse to insure a new 660MW coal plant in the Czech Republic, NGOs supporting the Unfriend Coal campaign have argued
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Italian insurer Generali is to sell 89.9 per cent of its German life insurance unit Generali Leben to Viridium in a deal that would value the company at up to €1bn
The majority of insurers intend to make acquisitions that could transform their organisations for the future, rather than “merely” enhancing their current business and operating models, according to a recent survey conducted by KPMG International
Monument Re has acquired a run-off portfolio of linked and traditional business from Metlife Europe, initially through reinsurance to Monument Re, followed by the transfer of the portfolio to its European subsidiary Laguna Life upon receipt of court approvals
The Solvency Capital Requirement ratio for the median company is 223% for the life and 207% for the non-life insurance sectors, with the overall insurance sectors showing robust results in 2017, EIOPA has said