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16/08/2018

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that improves financial reporting for insurance companies issuing long-duration contracts, such as life insurance, disability income, long-term care, and annuities


16/08/2018

Aegon, the Dutch owner of U.S. insurer Transamerica Corp, has reported a slightly better-than-expected underlying earnings of €1.06bn ($1.21bn) for the first half of 2018, helped by cost-cutting and better margins in the Netherlands


15/08/2018

Swiss Life’s net profit has increased by 7% to CHF 561m and has reported a direct investment income of CHF 2.24bn in its latest financial results


15/08/2018

Moody’s Analytics has announced a series of appointments in its Hong Kong office, expanding the team focused on insurance modelling and analytics across the Asia-Pacific region


15/08/2018

Three insurance firms, including Admiral, could be set to face fines after ClientEarth reported them to the Financial Conduct Authority for failure to disclose climate risks in their annual reports


14/08/2018

Non-life insurance activity in Luxembourg surged by 28.73% over the first six months of 2018, impacted by the fallout from the approval of companies having chosen Luxembourg as a place of installation following the UK’s decision to leave the European Union


14/08/2018

MEAG, the asset manager of Munich Re and ERGO, and Luxcara, one of Europe’s leading asset managers for renewable energy investments, have initiated and structured a project bond to finance a wind farm in Norway


14/08/2018

German insurer Talanx has seen gross written premiums grow by 6.9% to €18.8bn, according to its latest financial results, due to a boost in its property/casualty reinsurance business


14/08/2018

Entrepreneur Sir Peter Wood is set to make £360m from selling his stake in the insurer esure, which is being bought by private equity company Bain Capital


13/08/2018

Insurance Europe has welcomed the European Commission’s consultation on its proposed InvestEU programme, which aims to bring together various EU financial instruments and expand the Investment Plan for Europe


13/08/2018

Institutional asset owners are finding it increasingly challenging to find compelling opportunities in private debt, according to new research published by Willis Towers Watson.

Adoption of private debt has become more widespread among asset owners since 2015, according to the research, but the consultancy believes that investors are placing too much focus on mid-market corporate direct lending, thereby missing out on opportunities in less competitive parts of the market which could offer greater return outcomes


10/08/2018

Legal & General (L&G) has completed £735m of pension risk transfer deals in the first half of 2018 and expects to close on a further £7bn of transactions in H2 2018


09/08/2018

Forcing firms to adopt a ‘Plan B’ around Brexit based on the worst-case scenario will result in deeper economic impacts being felt across the insurance sector, a number of senior insurance executives and policymakers have said


09/08/2018

AIG has announced that Thomas Lillelund will join as CEO of AIG Europe SA


09/08/2018

The European Insurance and Occupational Pensions Authority (EIOPA) has become a member of the Sustainable Insurance Forum (SIF), a network of insurance supervisors and regulators from around the world working together on sustainability challenges facing the insurance sector


09/08/2018

Legal & General Insurance (LGI) gross written premiums rose by 3% to £1.4bn in H1 2018 compared to £1.3bn in H1 2017 and general insurance GWP increased by 12% to £193m (H1 2017: £173m), according to the firm’s latest results


08/08/2008

Dutch life insurer Aegon has signed an agreement to sell the final substantial block of its US life insurance business to SCOR Global Life


08/08/2018

Prudential Retirement and Aviva Life and Pensions UK have agreed on a £1bn longevity reinsurance deal, as the surge in the de-risking market continues


07/08/2018

Standard Life Aberdeen has reported lower first-half profits and assets under management and administration (AUMA), citing “challenging market conditions”


07/08/2018

Mutual insurance, retirement and investment group LV= has announced a £42m half year operating profit for the six months ending 30 June 2018


06/08/2018

Munich Re has announced that it will stop offering insurance for new coal-fired power plants and mines in industrialised countries, while also ceasing investment in shares and bonds of coal companies that generate more than 30 per cent of their revenues in the coal sector


06/08/2018

In a recent report, Fitch Ratings has announced that low investment yields are the biggest challenge for the German life insurance sector, when taking into consideration the prevalence of investment guarantees and asset-liability duration mismatches


06/08/2018

Due to strong demand, the deadline for the Insurance Asset Management Awards 2018 entries has been extended until 24 August


06/08/2018

M&A within global insurance has peaked for the second time this year, despite the effects of a Brexit lag


06/08/2018

Three insurance firms, including Admiral, could be facing fines after ClientEarth reported them to the Financial Conduct Authority for failure to disclose climate risks in their annual reports


03/08/2018

German insurance firm Allianz has said that it is on track to hit its 2018 profit targets, after beating second-quarter net profit forecasts, despite taking a hit on the sale of its Taiwanese life insurance portfolio


03/08/2018

Insurance firm Phoenix Group have today announced the appointment of Nicholas Lyons as the new group chairman


02/08/2018

Aon has recently developed an Environmental, Social and Governance (ESG) rating system for buy-rated investment strategies, designed to assess whether and how well investment managers integrate responsible investment (RI) and ESG considerations


02/08/2018

The Bank of England has hiked its interest rates from 0.5% to 0.75%, only the second rise since 2009


01/08/2018

Lloyd's of London is to review all aspects of its business to ensure it is cost-competitive and responsive to both clients and members, following its $2.6bn loss and the announcement that its CEO Inga Beale is to depart in 2019


01/08/2018

Direct Line CEO Paul Geddes is to leave the insurer in the summer of 2019


01/08/2018

"Insurers have always had a particular interest in sustainable capital investments as their business model is based on long-term protection from risks, but economy and ecology cannot be mutually exclusive within this model," German trade body GDV executive committee member and chairman Jörg von Fürstenwerth has argued


31/07/2018

EIOPA has published its latest paper concerning the current macroprudential framework on the insurance sector, carrying out an initial assessment of other potential tools or measures to be included


31/07/2018

Saudi Arabia's new solvency framework introduced in 2018 is expected to drive consolidation among the country's smaller insurance companies as minimum capital requirements increase


31/07/2018

Legal and General Investment Management (LGIM) has been criticised by at least three whistleblowers who have claimed compliance failures at the firm are putting clients at risk


30/07/2018

Hiscox Group delivered a pre-tax profit of $163.6m for the first six months of 2018 (2017: $129.1m) and has grown gross written premiums strongly by 21.4% to $2,228.8, (2017: $1,836.2m)


30/07/2018

Ageas UK CEO Andy Watson has been appointed new chair of the ABI's General Insurance Council (GIC) and will also join the association's board


27/07/2018

Net inflows for French life insurance companies remained stable at €2bn in June 2018, the same value as the previous month


26/07/2018

The investment and lending policies of Japan's insurers are lagging far behind their European counterparts when it comes to bringing their businesses in line with international social and environmental standards


26/07/2018

US tax reform had a €62m hit on SCOR's net income in H1 2018, with the insurer recording a figure of €262m for the period compared to €324m


26/07/2018

The PRA has developed an approach to monitoring model drift including the analysing of the internal model SCR against certain objective measures of risk.

In its latest supervisory statement, the regulator said "the model drift ratios will be calculated at the point of model approval and re-based following a change in risk profile or major model change resulting in a material change in the SCR"


25/07/2018

Beazley’s investment returns fell by $71.4m between 30 June 2017 and the first half of 2018, its latest financial figures have shown


25/07/2018

The Global Federation of Insurance Associations (GFIA) has written to the US Treasury to call for guidance to assist insurers and their investors in complying with the Passive Foreign Investment Company (PFIC) insurance exemption, as amended by the 2017 US tax reform law


25/07/2018

The San Francisco Board of Supervisors has become the first municipal body in the US to call upon insurance companies to stop insuring and investing in fossil fuels, citing the need to address climate change and “the enormous toll climate pollution inflicts on public health and the economy”


24/07/2018

Following the publication of The Risk Dashboard – First quarter 2018 by EIOPA, the authority has said that the risk exposure of the insurance sector in the European Union (EU) remains stable


24/07/2018

Two French insurance companies, Macif and AG2R La Mondiale, are joining the growing number of companies that will no longer being investing in companies planning new coal-fired power plants


20/07/2018

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


19/07/2018

American International Group (AIG) has announced the completion of the acquisition of Bermuda-based Validus Holdings, after the insurer had secured relevant regulatory and shareholder approval


18/07/2018

Allianz Group has recently announced that it has completed the acquisition of Nigerian insurance firm Ensure Insurance, acquiring 99.03 per cent of the shares from its core shareholder Greenoaks Global Holdings Ltd


18/07/2018

Leading insurance companies are budgeting millions more than they expected in order to comply with new account standards, the International Financial Reporting Standard (IFRS) 17, which is due to take effect from 2021


17/07/2018

Leading financial intelligence firm Moody’s Analytics has recently announced that Allianz Suisse has chosen the firm to produce regulatory compliant risk-neutral scenarios for the Swiss Solvency Test (SST), and analyse how model choice and input assumptions can impact Solvency II valuations


16/07/2018

A Dutch appeals court officially approved the largest securities settlement ever reached in Europe, now allowing international insurance firm Ageas N.V./S.A. to begin payment of $1.5bn to multiple groups of institutional and individual investors from Europe and the United States (US)


13/07/2018

The cryptocurrency market is still very much immature and anyone looking at performance within it can only describe it as having the 'yo-yo' effect. Indeed, these constant spikes and troughs make it quite a volatile asset class for institutional investors such as insurers


12/07/2018

Lloyd’s of London has recently announced the launch of its online platform, Lloyd’s Bridge, which matches insurance businesses with underwriters from the Lloyd’s market, allowing the businesses to underwrite certain policies on behalf of Lloyd’s as Lloyd’s coverholders


12/07/2018

Following the announcement of the acquisition of XL Group by AXA SA in March, the two companies have today released that the branding of the combined operations will be AXA XL, and will act under AXA


11/07/2018

Aviva has recently announced that it has completed the sale of its entire shareholding in life insurance and pensions joint ventures, Cajamurcia Vida and Caja Granada Vida to Bankia


10/07/2018

Net inflows within the French life insurance market for May 2018 were €2bn, according to the French Insurance Federation (FFA)


09/07/2018

Top executives of leading global insurance companies will meet until Wednesday at the Global Insurance Forum in Berlin, and they are more than likely to discuss the recent decision published by Swiss Re on their newly introduced coal insurance policy


09/07/2018

AXA has appointed Claudio Gienal as chief executive of AXA UK and Ireland


09/07/2018

Now in their second exciting year, the Insurance Asset Management Awards are designed to recognise outstanding achievement in the UK and global insurance investment space among insurance companies, providers and individuals


06/07/2018

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


06/07/2018

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


05/07/2018

Allianz Suisse is to use Moody's Analytics technology to produce regulatory compliant risk-neutral scenarios for the Swiss Solvency Test (SST) and to analyse how model choice and input assumptions can impact Solvency II valuations


05/07/2018

Fitch Ratings has today affirmed SCOR and Swiss Re at IFS 'AA-'; outlook stable


05/07/2018

Global insurance premiums increased 1.5% in real terms to nearly $5trn in 2017, after rising 2.2% in 2016


05/07/2018

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


04/07/2018

Credit Suisse Insurance Linked Strategies (Credit Suisse) has taken on Paul Hertelendy, who previously worked for French insurer SCOR, to the senior roles of head of reinsurance investments and deputy head of insurance linked strategies


03/07/2018

As Zurich concluded its acquisition of insurance specialist HNW, it has named Mark Peters as the new head of Oak Underwriting


02/07/2018

AIA International has finalised the acquisition of Commonwealth Bank of Australia’s (AIA) life insurance business, branded as Sovereign Assurance, in New Zealand


02/07/2018

The Unfriend Coal Campaign (Unfriend Coal) has today welcomed Swiss Re’s decision to stop reinsuring businesses with over 30% exposure to thermal coal, and has urged Munich Re to follow suit


29/06/2018

Lloyd’s of London CEO Inga Beale has announced that she will be stepping down next year after leading the global insurance and reinsurance market for five years


28/06/2018

Spanish insurer Mapfre has agreed to acquire the remaining stakes in its Brazilian non-life and life joint ventures with Banco do Brazil (BB) for €546m


28/06/2018

The Prudential Regulation Authority (PRA) has written to the chief executives of insurance firms, banks and investment firms warning them to tread carefully when investing in cryptocurrency assets, such as Bitcoin, amid fears that it could leave them exposed to money laundering terrorist financing


27/06/2018

Almost half of European insurers think Solvency II has restricted their ability to make long-term investments, with many concerned the regulation has negatively impacted their products, according to a study conducted by Insurance Europe


27/06/2018

Schroders has recently announced the appointment of former Tilney CEO, Peter Hall, as its new global head of wealth management


26/06/2018

After following ESG benchmarks for a year, Swiss Re has launched a new publication sharing their first-hand insights and key learnings from the process of implementing ESG criteria, with the group’s chief investment officer Guido Furer stating: “The empirical evidence confirms our initial findings: ESG benchmarks improve the risk- adjusted return profile over the long term


26/06/2018

Aberdeen Standard Investments (ASI) and Phoenix Group (Phoenix) have launched a private markets fund financing strategy that is tailored to Phoenix’s financial objectives as an insurer, funded with £500m of capital as it enters the market


25/06/2018

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


25/06/2018

The cost of insurance coverage for M&A deals is 39% cheaper than in 2015 due to a rise in competition among insurers and a continued growth in use of policies, according to the fourth annual Global M&A Insurance Index by JLT


22/06/2018

Following a year-long global consultation involving insurance industry leaders, mayors and key stakeholders, the insurance industry development goals for cities were launched today at the ICLEI World Congress 2018, with the goals setting the global agenda for the industry and cities in relation to economic, social and environmental sustainability


21/06/2018

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


21/06/2018

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


20/06/2018

Almost half of the global reinsurance market has now divested from coal, with Hannover Re recently informing the Unfriend Coal campaign and Urgewald that it has adopted an exclusion policy


20/06/2018

AIG and Munich Re announced today that AIG Life Ltd. (AIGLL), a UK subsidiary of AIG Life & Retirement, has agreed to acquire Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re


19/06/2018

The life insurance sector of Slovakia is seen slightly riskier than that of its peers due to the low amount of unit-linked products, at 22.3% of the market in 2017, according to latest figures published by Rating-Agentur Expert RA GmbH


18/06/2018

AXA IM intends to sharpen its operating model and focus its organisational structure to help drive future growth and protect competitiveness


18/06/2018

Aviva and RSA Insurance topped the FTSE 100 leaderboard on Monday morning after The Sunday Times stated that Allianz is looking for a large UK insurance acquisition


15/06/2018

A total of 700 approvals, including waivers, have been issued under Solvency II according to the PRA's latest annual report


15/06/2018

Life Company Consolidation Group (LCCG) is pleased to announce that it has signed an agreement with Equitable Life, under which it is proposed that Equitable Life and all of its business transfer to Reliance Life, a specialist UK run-off manager established by LCCG


15/06/2018

The life insurance segment in the Czech Republic is continuing to shrink, with GWPs having a negative growth for the fifth year in a row in 2017, decreasing by 3.8% in that year as compared to 2016, according to latest figures published by Rating-Agentur Expert RA GmbH


14/06/2018

Dutch insurer, VIVAT, has priced €300m of subordinated restricted tier 1 notes


13/06/2018

Brit has recently announced the appointment of Michael Gould to the role of Chief Operating Officer (COO)


12/06/2018

Bupa will return to membership of the ABI in January 2019


12/06/2018

The Financial Conduct Authority (FCA) has concluded its investigation of Scottish Widows, as part of its review of longstanding customers in life insurance sector, and found no grounds for taking any enforcement action


12/06/2018

Gross written premiums (GWPs) in the Hungarian insurance market were HUF 948bn in 2017, growing at an average pace of around 4.5% since 2013 and 7% y-o-y alone in 2017


08/06/2018

Groupama SA has become Groupama Assurances


08/06/2018

The Talanx Group has continued to expand its sustainability agenda in 2017 and now includes around two thirds of its primary insurance business operations in sustainability reporting


07/06/2018

Zurich CEO for Europe, Middle East and Africa Amanda Blanc will become the next chair of the ABI


07/06/2018

UK equity release mortgages (ERMs) are not generally treated as "risky assets" in Fitch Ratings' assessment of insurers' investment and asset risks as part of our rating analysis thanks to conservative loan-to-value ratios (LTVs) and limited exposure to short-term falls in property values


07/06/2018

Finance Norway, the country's association of financial institutions comprising banks, insurers, investment firms and pension providers, has developed 'The Roadmap for Green Competitiveness in the Norwegian Financial Sector'


06/06/2018

Due to the ongoing uncertainty about Britain's future relationship with the EU in relation to financial services, the Prudential Regulation Authority (PRA) has said there is 'no durable way' to implement a change around the SII risk margin for firms to be able to rely on it for pricing, capital planning and use of reinsurance


06/06/2018

General insurance firms are appearing optimistic in the level of assumed future profitability used when calculating their regulatory solvency position, PRA director for insurance supervision Anna Sweeney has said


06/06/2018

Sompo International Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance has completed the acquisition of the operating subsidiaries of Lexon Surety Group LLC (Lexon), which was first announced on 3 January 2018


06/06/2018

RSA has received licence approval for its new insurance subsidiary in Luxembourg from the regulator, the Commissariat aux Assurances (CAA)


05/06/2018

Moody’s Investors Service has upgraded its outlook for the life insurance industry in China, citing broadly moderate leverage and a reduction in the number of high-risk investments


05/06/2018

Aon has recently announced that it has become the first risk adviser and broker to sign up to the United Nations’ Principles for Sustainable Insurance (PSI)


04/06/2018

EIOPA has recently published a statement on consumer detriment resulting from policyholder exposure to contracts for differences (CFDs) and binary options


04/06/2018

Net inflows across the life insurance sector in France were a reported €2bn in April 2018, according to statistics to the French Insurance Federation (FFA)


01/06/2018

Many of the world’s biggest insurers, including AIG, Munich Re and Zurich, are “undermining” global climate goals and Indigenous rights by supporting the tar sands industry, Unfriend Coal revealed, in a recent briefing paper, Heads in the sand? The insurance industry, tar sands and pipelines


31/05/2018

Allianz Group has recently announced that it has signed an agreement to acquire 8 per cent in Africa’s leading reinsurer, Africa Re, for $81m


30/05/2018

Amazon has recently announced its $12m investment in Acko Technologies, the parent company of Mumbai-based insurance firm, Acko General Insurance


29/05/2018

Following the European Commission’s sustainable finance proposal, Moody’s has said the “more stringent” regulatory requirements applied to asset managers offering ESG investments “will likely” raise operational and compliance costs, while also weighing on profits


29/05/2018

Standard Life Aberdeen (SLA) has proposed a return of capital of up to £1.75bn to SLA shareholders, with £1bn to be returned to shareholders by way of new B shares, the firm has said in its update regarding the sale of its UK and European insurance business to Phoenix Group


25/05/2018

Andreas Brandstetter, the CEO and chairman of Austria’s UNIQA Insurance Group, has been elected president of Insurance Europe, the European insurance and reinsurance federation, for a term of three years


24/05/2018

Brazil has made an unprecedented commitment to climate risk transparency by becoming the first insurance market in the world to declare its commitment to promoting dialogue on the recommendations of the Financial Stability Board’s (FSB) Task Force on Climate-related Financial Disclosures (TCFD)


24/05/2018

Eighty per cent of insurers believe there remains considerable uncertainty regarding regulatory requirements affecting the underwriting opinion in particular under Solvency II, according to new research conducted by Willis Towers Watson (WTW)


23/05/2018

The ABI has appointed Laurence Townley as the new chair of its Prudential Regulation Committee


23/05/2018

Lloyd’s has announced that it has received licence approval from the National Bank of Belgium for Lloyd’s Insurance Company S.A. (Lloyd’s Brussels)


22/05/2018

Zurich Insurance Group has announced the completion of its share buyback programme that was launched last month


22/05/2018

Fresh Insurance Services Group has been acquired by the UK arm of a counterpart in the US, NSM Insurance Group


21/05/2018

XL Catlin recently announced that it has expanded its global mergers and acquisitions (M&A) capacity by 20 per cent to $60m


21/05/2018

EIOPA has issued an opinion on the solvency position of insurers in light of the withdrawal of the UK from the EU, calling upon national supervisory authorities to ensure that all risks to the solvency position of insurers arising from the UK’s departure of the EU are “properly addressed”


17/05/2018

Ageas's insurance net result rose by 35 per cent to €299m versus €222m from Q1 2017 to Q1 2018, according to the firm's latest results


17/05/2018

Aspen has announced that it has submitted an application to the Central Bank of Ireland for authorisation of a new insurance subsidiary in Dublin, Republic of Ireland


17/05/2018

The PRA has today issued its policy statement on the financial management and planning by insurers


16/05/2018

Proposals around revisions to the Solvency II capital charges to incorporate Simple, Transparent, and Standardised (STS) regulation for securitisation are “not quite so encouraging” on closer inspection, TwentyFour Asset Management portfolio manager Rob Ford has said.

The forthcoming STS regulation for securitisation is designed in part to harmonise eligibility and capital charges for ABS across the wider regulatory landscape


16/05/2018

Capital adequacy is a highly important factor driving the ratings of the German life insurers, Fitch Ratings covers, with scores of between ‘strong’ and ‘very strong’


16/05/2018

Austria's life insurance sector faces a third successive year of declining premium income in 2018, albeit less pronounced than in 2016 and 2017, Fitch Ratings has said in a new report


16/05/2018

The European Insurance and Occupational Pensions Authority (EIOPA) has launched its fourth stress test for the European insurance sector aiming to assess insurers’ vulnerabilities


10/05/2018

Aviva has over £920m invested in companies developing new coal projects and operating in the tar sands industry, despite supporting the Paris Climate Agreement, Unfriend Coal has warned


10/05/2018

Lloyd’s of London (Lloyd’s) yesterday instructed its underwriters to terminate all insurance programmes that are affiliated with the National Rifle Association of America (NRA)


09/05/2018

Despite litigation threats from 12 state attorneys and one governor, Californian insurance commissioner Dave Jones has taken another “unprecedented” step to address climate risk faced by insurers, as the first US financial regulator to conduct a climate-related financial risk stress test and analysis of insurance companies’ investments in fossil fuels


09/05/2018

A majority of senior UK insurance professionals (97%) expect the new International Financial Reporting Standard (IFRS 17) to increase the complexity and cost of operating in the industry when it’s implemented, according to research from SAS


04/05/2018

Allianz has announced that by 2040, “in a step by step process”, it would have phased out both its proprietary investments in coal-based business and its insurance coverage of the sector. While divesting from the coal sector, Allianz has also pledged to reduce the carbon footprint of its business operations by 2040


03/05/2018

Standard Life Aberdeen and Phoenix Group have provided an update regarding the proposed sale of Standard Life Aberdeen’s UK and European insurance business, announcing that they are “actively progressing” with the separation and integration planning for the proposed transaction


03/05/2018

The Paris city council is calling on the world’s largest insurance companies to end support for the coal industry, reminding them of its impact on climate change and pollution that causes 23,000 premature deaths across Europe each year


02/05/2018

Life insurance firms that are seeking higher returns from illiquid assets, such as equity release mortgages or student housing, have to properly understand the risks associated, the PRA warned


02/05/2018

Lloyd’s of London (Lloyd’s) chief financial officer (CFO) John Parry has decided to leave the organisation after being with the firm for 17 years


01/05/2018

EIOPA has recently stated that the risk exposure of the insurance sector within the EU “remained stable” in its Risk Dashboard for the fourth quarter of 2017


01/05/2018

Aviva has announced that it will commence a share buy-back of its ordinary shares for up to a maximum aggregate consideration of £600m


30/04/2018

In France, net inflows for March 2018 were valued at €1.5bn among the French life insurance market, according to the French Insurance Federation (FFA)


27/04/2018

The UN has today invited insurance associations, initiatives, regulatory and supervisory authorities and their members to take part in the first-ever global survey on underwriting ESG risks in insurance


26/04/2018

The combination of strong financial markets, industry consolidation and net fund inflows helped “bolster” total management fees for Europe’s asset managers in the second half of 2017, according to a report published by Moody’s Investors Service


26/04/2018

Pool Re has announced that it has appointed GC Securities as its insurance linked securities (ILS) advisor and placement agent, following a competitive RFP


25/04/2018

Achmea has reported earning €19.35bn from gross written premiums in its 2017 annual report, with health insurance contributing the biggest amount at €13.2bn


25/04/2018

Insurance Ireland has appointed Florian Wimber as its head of European affairs and international insurance


25/04/2018

Achmea now ranks within the top three of the most sustainable insurance companies in the Netherlands


24/04/2018

Wilis Re has announced investment gains of $34.7bn in its 2017 year-end report, stating that profitability was “heavily reliant” on this sector of the business, contributing $9.7bn


24/04/2018

The implementation of the common supervisory culture, addressing risks to the internal market and to the level playing field which may lead to supervisory arbitrage as well as the supervision of emerging risks are the three main priority areas of focus for EIOPA in 2018-19


24/04/2018

Two-thirds of insurers (65%) anticipate 10-Year US Treasury yields will end 2018 above 3 per cent and 77 per cent believe the S&P 500 Index will be positive this year, according to latest research conducted by GSAM


23/04/2018

The PRA has proposed updates to the Supervisory Statement (SS) 12/15, ‘Solvency II: regulatory reporting, internal model outputs’, and SS26/15, ‘Solvency II: ORSA and the ultimate time horizon – non-life firms’ in its recent consultation paper


23/04/2018

Capita’s profit was eradicated by £850.7m worth of one-off costs, primarily from writing down the value of acquisitions made under its previous management


19/04/2018

EIOPA has today published its 2017 oversight activities report addressed to the European parliament


19/04/2018

Athora Holding Ltd has announced that it will acquire Generali Belgium S.A., the Belgium-based subsidiary of international insurance group Assicurazioni Generali S.p.A. The cash consideration for the transaction will be approximately €540m


18/04/2018

A new petition from SumOfUs, an international consumer group, is demanding that AXA Insurance immediately divests from Israeli weapons maker, Elbit Systems, arguing that the leading French insurance company is violating international law by providing financing to the Israeli weapons manufacturer


18/04/2018

European life insurers' use of derivatives will continue to expand to reduce exposure to market risks, Fitch Ratings has said


17/04/2018

The PRA's proposals around the change of position on the use of the dynamic volatility adjustment and the audit requirements for small firms have been welcomed by the Association of British Insurers


17/04/2018

Monument Re has announced that through its European subsidiary Laguna Life DAC, it has acquired a run-off portfolio of flexible premium retail life insurance contracts from Ethias, known as the FIRST A Portfolio


16/04/2018

Fitch Ratings has recently announced that the European reinsurers’ 2017 results support its view of the sectors resilience to catastrophe losses, in a new report, as capital is “typically above” companies’ target levels


16/04/2018

American International Group (AIG) has announced that Anthony Vidovich will join the company as general insurance chief claims officer, effective from 14 May 2018


13/04/2018

The European Commission (EC) has published a report on the application of Title III of the Solvency II directive, stating that, given the need for the Solvency II evaluation in 2020, only one area of the group supervision regime within Article 242(2) of the directive requires any legislative amendments at this point in time


13/04/2018

In its annual sustainability report the Allianz Group has announced that it has reached a milestone by making it standard practice to include ecological, social and governance criteria, on top of financial considerations, in all insurance premium investment decisions


12/04/2018

The PRA has written to all insurance firms to “remind them that they should closely consider” Supervisory Statement (SS) 4/14 ‘Capital extractions by run-off firms within the general insurance sector’ when preparing a request for capital extraction for submission to the PRA


12/04/2018

The board of EIOPA has elected Zuzana Silberova, executive director of the Financial Market Supervision Department at the Czech National Bank as a new member of the Management Board from 3 June 2018, replacing National Bank of Slovakia director of regulation Julia Cillikova


11/04/2018

La Financière Responsable (LFR) and Mapfre Group have recently announced and celebrated their decision to enter into a strategic partnership at the Spanish embassy in Paris


11/04/2018

Today is the last chance to register for the first Insurance Asset Management Club meeting to be held tomorrow at The Lamb Tavern, Leadenhall Market


11/04/2018

The PRA has set out its proposed expectations of what firms should consider in their internal model and model change applications when seeking approval to apply the dynamic volatility adjustment (DVA)


11/04/2018

The PRA has set out its proposal to amend the rule that requires the external audit of parts of the Solvency and Financial Condition Report (SFCR), under Rule 2 of the External Audit part of the PRA Rulebook


10/04/2018

Allianz is providing financing of €75m and $25 million, both over 12 years, as EAIF’s (Emerging Africa Infrastructure Fund) first insurance-investor


10/04/2018

The PRA has announced new regulated fees and proposals for 2018/19, alongside its business plan, published yesterday


10/04/2018

French insurance companies showed resilient profitability both in P&C, despite large catastrophe losses, and life, supported by strong flows to unit-linked products, according to Fitch Ratings


10/04/2018

The UK’s financial system is “under almost constant cyber-attack” according to a senior Bank of England official, with the regulator planning to introduce new standards for financial firms’ cyber security


09/04/2018

The PRA has set out its strategic goals for the next year, which include having in place “robust prudential standards” comprising the post-crisis regulatory regime and ensuring that firms are adequately capitalised


09/04/2018

The FCA's new rules applicable to the £8trn UK asset management sector, requesting asset managers to act in the best interests of the investors in their funds, will increase active managers' operating and compliance costs and their fees will decline, Moody's has said


06/04/2018

Asset management campaigner Gina Miller has criticised the new rules imposed by the FCA that are designed to help reduce the costs for end investors and improve transparency


06/04/2018

Aegon's estimated SII ratio amounted to 201% on 31 December 2017, up from 157% at the end of 2016


05/04/2018

Willis Towers Watson has announced the transfer of its UK insurance investment solutions group (IISG) to the company’s insurance consulting and technology group (ICT) UK life business


05/04/2018

The FCA has published its final rules following a previous consultation, around a requirement for fund managers to make an annual assessment of value, as part of their duty to act in the best interests of investors


04/04/2018

Swiss Re has announced a group SST (Swiss Solvency Test) ratio of 269%, allowing the firm to maintain its “industry leading” capital position


04/04/2018

Capital flows need to be re-oriented so insurance companies can lead greater investment in long-term equity assets and infrastructure, but regulation must facilitate this, High-Level Group on Sustainable Finance chair Christian Thimann has said


03/04/2018

Lloyd’s new coal divestment policy affects 2.5% of the market it oversees, which has left its groups to continue business as usual with £77.5bn exposed to climate risk, warned NGOs that support the Unfriend Coal campaign after receiving the information from Lloyd’s


03/04/2018

French life insurance net inflows for February 2018 were €1.7bn, according to the French Insurance Federation


29/03/2018

Royal London Group is planning to change to an internal Solvency II model which it plans to seek approval for in 2019


29/03/2018

Phoenix Group has announced that it has invested £27m in the Walney Extension Project to assist with the construction and operation of the enlarged offshore wind farm, which is situated 45 miles north of Liverpool


29/03/2018

The PRA has today clarified how it will authorise and supervise third-country insurance branches and has set out its expectations on when a subsidiary would be more appropriate than a branch for a third-country insurer wishing to carry out insurance business in the UK


28/03/2018

LV= announced a £158m profit following a transformational 2017, a significantly stronger performance compared to the £12m loss posted in 2016


28/03/2018

EIOPA has today published its consultation linked to corrections and amendments of the implementation of technical standards on reporting and disclosure, stating that the improvements will “improve” the understanding of the current requirements


27/03/2018

“The evolution of financial markets does not justify a change in the cost of capital” in the insurance space according to EIOPA chairman Gabriel Bernardino


27/03/2018

“Care must be taken to avoid setting excessive capital requirements” under Solvency II, Insurance Europe has said


26/03/2018

Companies that have passed RLAM’s sustainable investment criteria returned 10.2% per annum over the past five years, a total of 62.1%, compared to a 9.5% annual return from the FTSE 100, according to analysis by Royal London Asset Management, which suggests that “investing sustainably can outperform the market"


23/03/2018

As of the end of March 2018, EIOPA will apply the updated representative portfolios for the calculation of the volatility adjustment to risk-free interest rates, as announced on 18 December 2018


23/03/2018

A number of tools and measures already inherent within the Solvency II framework, which could mitigate any systemic risks for insurers, have been identified by EIOPA


22/03/2018

Vienna Insurance Group (VIG) has announced a before-tax profit of €443m, a significant increase of 8.8% over the previous year


22/03/2018

Insurance Europe has recently published updated country fact sheets for Argentina, Brazil, India, Indonesia and Turkey, highlighting a number of protectionist measures in these jurisdictions that impact and limit reinsurers within the EU


21/03/2018

Lloyd’s of London (Lloyd’s) has announced a huge pre-tax loss of £2bn in its 2017 results; the first loss that the firm has experienced in six years, despite earning almost £4bn more in gross written premiums than in 2016


21/03/2018

The EU has ruled out government demands for special treatment for the UK financial sector


20/03/2018

Business groups have welcomed the agreement over the Brexit transition period, but they have urged negotiators to tackle the challenge faced with agreeing on a future trading relationship


19/03/2018

The Amundi Planet Emerging Green One (EGO) fund has been successfully launched, creating the world’s largest targeted green bond fund focused on emerging markets. The fund, which closed at $1.42bn, is expected to deploy $2bn into emerging markets green bonds over its lifetime, as proceeds are reinvested during seven years


19/03/2018

The Exiting the European Union Committee (the committee) has recently made recommendations with regards to the draft withdrawal agreement, among fears that a Brexit deal “covering everything” cannot be negotiated by October 2018, the deadline set by the UK and the EU


16/03/2018

Phoenix Group has announced a “strong” set of results for 2017, including cash generation of £653m, almost a £200m increase over 2016’s results. As a result of this, the group is expecting to achieve between £1bn and £1.2bn in cash generation for the two year period between 2017 and 2018


15/03/2018

Generali has announced a “record high” net profit of over €2.1bn for 2017, a growth of 1.4% over the previous year, as a result of its improvement in the operating and non-operating results.


15/03/2018

More than 90,000 people are calling on Generali to end its support for coal


15/03/2018

Prudential is set to separate from M&G Prudential to create two separately-listed companies


13/03/2018

Hannover Re Group has posted a net profit of €958.6m for 2017, despite the industry being “dominated” by a remarkably large volume of natural catastrophe losses. The firm generated a net profit of €1.17bn in 2016


13/03/2018

Insurance Europe recently issued a position paper to highlight the fact that “more efforts to harmonise VAT in the EU are needed”, particularly in the Financial Services sector


12/03/2018

Tens of thousands of Irish people could potentially be left with invalid insurance policies taken out with UK insurers in the event of a hard Brexit next March


12/03/2018

Deutsche Bank AG has set the price range for shares offered in the planned-IPO of DWS between €30.00 to €36.00 per share


12/03/2018

French life insurance premiums were estimated to be at €13.3bn in January 2018, a vast increase over the £11.3bn posted in January 2017, according to latest statistics from the French Insurance Federation


12/03/2018

Tighter conduct regulation may slow the rapid premium growth in Russia's life insurance sector, Fitch Ratings has said in a new report


09/03/2018

Insurance M&A levels increased in the second half of 2017 for the first time in two years, according to research conducted by law firm, Clyde & Co


09/03/2018

David Thorburn has resigned from the Prudential Regulation Committee (PRC) with a view to returning to the private sector


09/03/2018

Canopius has today announced the completion of its acquisition by a private equity consortium led by Centerbridge, which includes private investment firm Gallatin Point Capital LLC


08/03/2018

Aviva’s general insurance net written premiums have risen by 11% to £9,141m, its latest financial results have revealed


08/03/2018

Insurance Europe has today announced its welcoming of the European Commission’s Action Plan on financing sustainable growth. The firm “strongly supports” the Commission’s objectives of financing a more sustainable world


07/03/2018

Legal & General has announced an after tax profit of £1,902m, a 50% growth over 2016’s £1,265m, in their 2017 results released today


07/03/2018

Rating agencies including Moody's have unanimously decided to place AXA’s ratings on a negative watch following the news of its planned acquisition of XL Group for $15.3bn


07/03/2018

Around 3,500 insurance companies were active in Europe in 2016, a decline of 2.5% in comparison to the numbers illustrated in 2015, according to the latest figures released by Insurance Europe


06/03/2018

The total claims and benefits paid to customers by European insurers increased by 0.7% reaching a total of €963bn in 2016, following a 2.4% growth in 2015, according to latest Insurance Europe figures published today


06/03/2018

The total investment portfolio managed by Insurance Europe’s member companies grew 5.6% in 2016 to €10,112bn


05/03/2018

“Avoiding moral hazard is key to increasing climate adaptation”, Insurance Europe has said in its response to the European Commission’s consultation on the evaluation of the EU's strategy on adaptation to climate change


05/03/2018

Alpha Insurance A/S has ceased writing new business and placed into liquidation


05/03/2018

The UK government is “not looking for passporting” in financial services, Prime Minister Theresa May has said


05/03/20/8

The first Insurance Asset Management Club meeting for CIOs and other club members is to be held at The Lamb Tavern, Leadenhall Market, on 12 April, from 4.30pm to 7pm


05/03/2018

French insurer, AXA, has bought Bermuda-based XL Group for $15.3bn to create what it said would be a world leader in property and casualty insurance


02/03/2018

EIOPA has launched a call for expression of interest to select new members of its Insurance and Reinsurance Stakeholder group (IRSG) and its Occupational Pensions Stakeholder Group (OPSG)


02/03/2018

The PRA intends to set up a new, insurance-focused sub-committee of its Practitioners Panel


02/03/2018

BNP Paribas Asset Management has announced the details of its tobacco exclusion policy


02/03/2018

German insurer Generali is considering selling its €40bn life insurance portfolio to Athene Holding Ltd and Viridium Group


01/03/2018

Sustainable insurance agendas and developments in Brazil, North America and Morocco have all been welcomed by the UN Environment’s Principles for Sustainable Insurance Initiative programme leader Butch Bacani


01/03/2018

EIOPA has submitted its second and final set of advice to the European Commission on the SCR standard formula, with the aim of ensuring a proportionate and technically robust, risk-sensitive and consistent supervisory regime for the insurance sector


01/03/2018

The UK insurance sector has grown by over 10 per cent since the introduction of Solvency II, whilst returns on equity have remained steady at above 9 per cent for larger insurers, PRA CEO Sam Woods has said.


01/03/2018

The PRA has issued over 700 approvals and waivers under Solvency II, its CEO Sam Wood has said


27/02/2018

Seventy-eight per cent of companies in the insurance and long-term savings industry have a diversity and inclusion strategy, with 74% having an executive sponsor for diversity and inclusion according to latest ABI research


27/02/2018

The European Commission’s recognition of the need to maintain EIOPA as a stand-alone authority responsible for both prudential and conduct of business supervision has been welcomed by Insurance Europe, but improvements need to be made around EIOPA's current governance structure, the federation said


26/02/2018

Three days remain for readers to make the most out of the £100 discount to join the Insurance Asset Management Club


26/02/2018

The government must stop over complicating a transitional deal and agree a straightforward transitional now, ABI director general Huw Evans stated


26/02/2018

Aberdeen Standard Investments is setting up a new EU base in Dublin to mitigate the fallout of Brexit


26/02/2018

Environmental organisations have written to Lloyd’s, the world’s oldest insurance company, calling for it to take action on “risky” coal business, in a letter released today


23/02/2018

The chairman of Standard Life Aberdeen is to step down within two years of helping to create one of Britain’s biggest fund managers in an £11bn merger


23/02/2018

Swiss Re’s full-year net income declined to $331m in 2017


23/02/2018

Aviva has announced the sale of its entire shareholding in life insurance and pensions joint ventures Cajamurcia Vida and Caja Granada Vida to Bankia, for a total consider-ation of €202m (£178m)


22/02/2018

RSA Group sees its premium income rise by 4% to £6.7bn; SII ratio ups to 163%


22/02/2018

AXA IM has seen solid growth of +14% on a reported basis in underlying earnings at €257m and robust third-party net new money inflows of €9.3bn


22/02/2018

Generali has announced plans to divest €2bn from coal, as part of its climate change strategy, but is not following AXA, Zurich and SCOR in restricting underwriting


21/02/2018

The weighted average SCR ratio of insurers across Europe is 236% for Q2 2017


21/02/2018

Ageas’s group SII ratio was up from 191% at the end of 2016 to 196% for FY17, according to the Belgian insurer’s latest results, well above the 175% target


20/02/2018

The FCA has today announced that it is seeking views on how technology can make it easier for firms to meet their regulatory reporting requirements and improve the quality of the information they provide


20/02/2018

Traditional insurance is not systemically risky and systemic risk from individual insurers can only originate from a very limited number of activities undertaken on a large scale in the wrong conditions, according to Insurance Europe’s response to the International Association of Insurance Supervisors' (IAIS) pre-consultation on an activities-based approach (ABA) to systemic risk


20/02/2018

The Central Bank has issued a direction to CBL Insurance Europe instructing it to cease writing business with immediate effect, until further notice


19/02/2018

The discovery of errors in Aegon's asset management operations in the United States has led the firm to take a €85m provision in Q4 2017 for a potential settlement


19/02/2018

Only a few days remain for readers to make the most out of the £100 discount to join the Insurance Asset Management Club


19/02/2018

A secret life insurance merger plan between Lloyds Banking Group and Standard Life Aberdeen has reportedly fallen apart after advanced talks


16/02/2018

Allianz is not considering further exclusions in the field of coal insurance, according to the firm’s investment management head Günther Thallinger


16/02/2018

Allianz’s 2017 total revenues rose 3% to €126.1bn and a Solvency II capitalisation ratio of 229% at end-2017 was recorded compared to 218% at end-2016


15/02/2018

Eight UK insurers are being pressed to join the government’s gender balance initiative


15/02/2018

Dutch insurer NN Group’s net results have increased to €700m from €148m in Q4 2016, mainly driven by higher capital gains and revaluations and the higher operating result of €345m, up 22.3% from Q4 2016, driven by the contribution of the Delta Lloyds businesses


15/02/2018

Scottish Widows and Lloyd’s Banking Group's wealth businesses have terminated over £100bn worth of partnership agreements with Standard Life Aberdeen


14/02/2018

An agreement to delay the transposition deadline and application of new rules on insurance distribution has been confirmed today by EU ambassadors on behalf of the Council of the European Union


14/02/2018

​EIOPA has published a new set of statistical information on the European insurance sector based on Solvency II regulatory reporting


14/02/2018

A coalition of 57 investors worth $2.4trn including a number of insurers is pushing for alternative protein sources, and has produced a report, Plant-based profits, to lay out the concept


13/02/2018

AXA IM has announced its intention to consolidate its European liability driven investment (LDI) teams, bringing its capabilities under one unit covering the UK, France and the Netherlands


13/02/2018

A new framework in the insurance space is needed to maximise capital-adjusted returns, relying on strategy and analytics to help build and maintain balanced portfolios, J.P. Morgan Asset Management has said


13/02/2018

AXA’s Responsible Investment (RI) initiatives and policies “cannot be imposed” on third-party clients, the group has said, in response to a paper published by Unfriend Coal criticising insurers’ involvement with Polish coal companies


12/02/2018

The Financial Reporting Council is urging insurers to provide information to the European Financial Reporting Advisory Group (EFRAG) on the expected impact of IFRS 17 in the European Union, and its effects on reporting


12/02/2018

EIOPA should not interfere where SII internal models have already been approved and it should not have the power to provide quasi-binding opinions on individual internal model approvals on its own-initiative, but only upon request from an NCA or the supervised entity, Insurance Europe has said


09/02/2018

Zurich has recorded a £151m business operating loss for 2017 for UK general insurance


09/02/2018

Beazley recorded a combined ratio of 99% in 2017 up from 89% in 2016 and a strong investment return of 2.9% up from 2.0% in 2016, according to its latest financial results


09/02/2018

Two position papers around Brexit transitional arrangements and adequacy assessments have been issued by Insurance Europe


08/02/2018

A template for future trade agreements with non-EU countries is being proposed by the Association of British Insurers (ABI), helping to pave the way for UK-based insurers to expand their operations to new countries


08/02/2018

The principle of “freedom of investment” should be incorporated in the International Association of Insurance Supervisors’ (IAIS) consultation on revisions to Insurance Core Principles (ICP) 15 (Investment), Insurance Europe has argued


08/02/2018

The Bank of England’s MPC has voted unanimously to maintain the Bank Rate at 0.5%


08/02/2018

European insurers have invested more than €1.3bn in Polish coal companies and have signed at least 21 contracts underwriting existing operations and new developments since 2013


07/02/2018

EIOPA has developed a macroprudential framework specifically designed for the insurance sector as part of its consideration to the way in which systemic risk is created and/or amplified in the industry


07/02/2018

The PRA has issued a supervisory statement setting out its approach to strengthening individual accountability in insurance addressing UK Solvency II insurance firms and third country insurance branches within the scope of rules transposing the SII Directive


06/02/2018

Munich Re's P&C reinsurance business reported a €476m loss for the full year 2017, compared with €2.03bn profit in 2016, due to fourth quarter natural catastrophe losses


06/02/2018

Unless action is taken when the UK departs from the EU, a wide range of financial contracts between UK and EU counterparts could cease to be serviceable, in particular in insurance and derivatives, according to FCA chief executive Andrew Bailey


06/02/2018

The European Commission has announced a proposal to postpone the application date of the Insurance Distribution Directive from Friday 23 February 2018 to Monday 1 October 2018


05/02/2018

General insurance firms actuarial function reports need improvements made to them to be fully compliant with Solvency II and to ensure the actuarial function work drives improvements across all relevant areas


05/02/2018

HM Treasury has paused the transposition process of the Insurance Distribution Directive (IDD) until the European Parliament Council can confirm the application delay of the IDD


05/02/2018

UK life insurers are more optimistic than they were three months ago, reporting volumes of business well above normal in the three months to December, according to the latest CBI/PwC financial services survey


02/02/2018

The Allianz Renewable Energy Fund 2 (AREF2), managed by Allianz Global Investors, a diversified active investment manager, has acquired stakes in seven wind farms in France from the German utility company STEAG GmbH


02/02/2018

Allianz Group and Liverpool Victoria Friendly Society (LV=) have completed the first stage in the creation of their joint venture and strategic partnership through the planned sale of 49 per cent stake in LV=’s UK General Insurance businesses (LV=GI) to Allianz Group


02/02/2018

Net inflows for December 2017 were €0.5bn


01/02/2018

A new model that will simplify how claims within the London market are handled has been launched today in an effort to improve client service and streamline claims agreement across the London market


01/02/2018

The written preparation of the bill on the recovery and resolution of insurers will take place in the House of Representatives of the Netherlands today


01/02/2018

French insurers are emphasising their commitment to long-term savings, the principal instrument for financing the economy, according to the French Insurance Association


01/02/2018

The German insurance sector exceeded its own forecasts in the past financial year with all three business lines achieving better results than expected one year ago


01/02/2018

Insurance Asset Management Europe, the leading media brand to specifically target the needs of chief investment officers at insurers and the asset managers that serve them across Europe, is pleased to announce the launch of the Insurance Asset Management Club


31/01/2018

The High-Level Expert Group’s recommendations that the EU’s SII regulatory framework for insurers needs adjustments, that an EU taxonomy should be developed for sustainable finance and that the supply of suitable sustainable assets in which to invest needs to be increased have all been welcomed


31/01/2018

Several challenges and barriers remain around the identification, measurement and assessment of sustainability/ESG factors in business models and investment strategies of institutional investors, Insurance Europe has warned


31/01/2018

Insurance companies are increasingly seeking investments that offer both attractive returns and make efficient use of capital. A growing number are recognising the valuable role that real estate debt – specifically senior mortgages on commercial property – can play within a core fixed income portfolio – and the multiple benefits it can offer large-scale investors with longer investment horizons and capacity to accept illiquidity.


30/01/2018

EIOPA’s draft advice on its 2018 review of Solvency II places an “unjustified focus and effort on areas that were not mandated by the Commission - such as interest rate risk and proposals on the Loss Absorbing Capacity of Deferred Taxes”, Insurance Europe has argued


30/01/2018

The risk exposure of the insurance sector in the European Union is stable, according to EIOPA’s latest Risk Dashboard, with improvements in solvency ratios mainly driven by the increase in eligible own funds


30/01/2018

Insurers are being swept along in a period of ‘new normalisation’ in fixed income investing, characterised by lower yields, low inflation and renewed central bank intervention, a new study has found


24/01/2018

Bermuda's major (re)insurers will report elevated combined ratios for 2017, averaging around 108%-109%, including more than 20 percentage points from catastrophe losses, Fitch Ratings has said


23/01/2018

Talanx has agreed to acquire 99.4 per cent of the shares in Liberty Sigorta A.S., the Turkish non-life subsidiary of US-based Liberty Mutual Group


22/01/2018

American International Group has announced it has entered into a definitive agreement to acquire all outstanding common shares of Validus Holdings, a provider of reinsurance, primary insurance and asset management services


22/01/2018

Lloyd’s of London is the latest firm to announce that it plans to stop investing in coal companies


19/01/2018

ClimateWise, a group of 28 leadership insurance industry organisations, has appointed Aon Benfield International executive chairman Dominic Christian as chair


19/01/2018

AG2R La Mondiale has placed two subordinated debt issues worth $710m as part of its ongoing SII reinforcement program


17/01/2018

Aviva has appointed Rob Townend as MD of Aviva UK General Insurance


17/01/2018

One third of continental European insurance companies expect to increase investment portfolio allocations to real estate and infrastructure in the next three years, according to a new report, Insurers Present Challenges and Opportunities for Asset Managers, from Greenwich Associates


15/01/2018

MiFID II is credit negative for Europe’s asset management industry as it will accentuate the move to cheaper passive funds, intensify competition and drive sector consolidation, a report published by Moody’s Investors Service has said


12/01/2018

A number of regulatory reporting changes designed to reduce the burden for SII firms and mutuals whilst maintaining the PRA’s ability to meet its statutory objectives have been proposed by the regulator in its latest consultation paper


10/01/2018

The multitude of new tasks and powers to be assigned to EIOPA according to the will of the EC “do not bring any apparent added value” and the proposed internal reorganisation of the supervisory body is “going in the wrong direction”, German trade body, GDV, has said


10/01/2018

German insurers are incurring losses of up to €5bn every year due to insurance fraud committed by the Calabrian mafia, according to the German trade body, GDV


10/01/2018

Institutional investors looking to reap returns in the real estate market should explore long-income portfolios and ones where the income is indexed to inflation to deliver and optionality, LGIM Real Assets has said


09/01/2018

An analysis of 29,000 ESG incidents that took place from 2014 to 2016 has identified the industries that are most involved and how analysis of these incidents can be integrated into portfolio strategy, including industry tilts, beta analysis and security selection, as well as corporate engagement processes


09/01/2018

French life insurance market net inflows for November 2017 were -€0.5bn


08/01/2018

MS Amlin has announced that a new Bermuda-domiciled special purpose reinsurer, Viribus Re, has been created to provide collateralised capacity support for MS Amlin Syndicate 2001’s global reinsurance portfolio in 2018


05/01/2018

Insurers should move from listed to private markets within an asset class to keep the overall level of market risk the same, Mercer has said


05/01/2018

Insurers must plan for Central Bank actions in 2018 to make the right investment approaches, Mercer has said


05/01/2018

The Financial Conduct Authority has appointed Charles Randell CBE as its new chair


04/01/2018

MS Amlin has announced that Simon Beale, MS Amlin’s chief underwriting officer, will succeed Charles Philipps as CEO on 1 April 2018


04/01/2018

FCA director of life insurance and financial advice Linda Woodall has stepped down from her role


04/01/2018

EIOPA has issued an Opinion on service continuity in light of the withdrawal of the United Kingdom from the European Union


03/01/2018

EIOPA is calling for consistent supervisory practices on internal models including a dynamic volatility adjustment


03/01/2018

The added cost transparency and ban on commissions for independent financial advisers as a result of today’s MiFID II implementation will encourage greater use of low cost passive funds among retail clients, supporting the growth of ETFs among institutional investors, according to Moody’s vice president and senior analyst Marina Cremonese


02/01/2018

Insurers should continue to seek higher returns by allocating more to illiquid investments, real assets and alternatives in 2018, J.P. Morgan Asset Management has said


02/01/2018

Failure to time the fixed income markets and liquidity risk are two of the main risks for insurers in 2018, according to Vladimir Zdorovenin, strategy and analytics, global insurance solutions, J.P. Morgan Asset Management


15/12/2017

German insurer Gothaer’s net return is expected to be 4.4 per cent for the 2017 financial year with the group’s solvency ratio at the end of September hitting 243%


15/12/2017

UNIQA Insurance Group is now using a partial internal model instead of the standard approach under Solvency II to determine its quantitative capital requirement in property and casualty insurance


14/12/2017

The major overhaul of insurance accounting that will be triggered by IFRS 17 is unlikely to directly affect insurers' ratings, because the economic substance of their balance sheets will not change, Fitch Ratings says


14/12/2017

Twelve Dutch banks, insurance companies, asset managers and pension providers have developed a methodology for measuring the carbon footprint of their investments and loans


14/12/2017

AXA is to quadruple its original green investment target to reach €12bn by 2020


14/12/2017

UK long-term insurance companies showed a net investment of £3bn in Q3 2017, with general insurance companies showing net investment of £2bn in the same period, according to the ONS


13/12/2017

Between 1 January 2016 and 7 December 2017, the PRA approved 26 complete model change applications, with all being assessed within six months and the regulator taking an average of just under four months to reach a decision


13/12/2017

Talanx is acting as lead manager for a double-digit group of institutional investors coordinating €832m of senior bond financing to the Borkrum Riffgrund 2 offshore win farm


13/12/2017

A number of concerns around the EC’s proposal on new obligations for intermediaries to report cross-border tax planning arrangements have been declared by Insurance Europe


13/12/2017

More than 30 insurance and reinsurance associations from across the globe have signed the International insurance and reinsurance industry 2017 Appeal on climate change


13/12/2017

Deutsche Asset Management has hired Michele Gaffo to lead the asset manager’s insurance coverage globally


11/12/2017

Dutch insurers’ strong capital positions and improving operating efficiency means they are well positioned to cope with the pressures of low interest rates and limited organic growth in 2018


11/12/2017

Conflicts of interest arising from monetary incentives and remuneration between providers of asset management services and insurers identified in the unit-linked market must be prevented from adversely affecting the interests of consumers, EIOPA has said in its latest Opinion following up on its Thematic Review published on 26 April 2017


07/12/2017

The UK general insurance sector in aggregate, and regulated firms at an individual level, are resilient to those scenarios within the regulatory threshold of Solvency II, but potential areas for improvements remain around exposure management, post loss planning and accounting.


07/12/2017

Around 70% of German life companies applied to use transitional measures on technical provisions for their SII reporting, Fitch Ratings has said


06/12/2017

Swiss Re has agreed to purchase 1.1 million life policies from L&G for £650m


05/12/2017

The Bank of England secretly wrote to the High Court to alert them about an expected deluge of applications from insurers looking to mitigate the legal uncertainty Brexit poses to their policies


05/12/2017

Quantitative tightening in the US and the moderation of quantitative easing in Europe, along with growing dispersion within credit markets, is creating opportunities for active managers to generate returns for investors, according to CQS chief executive Michael Hintze


01/12/2017

The winners of the first Insurance Asset Management Awards 2017 were announced last night at a gala ceremony in London


29/11/2017

Talanx AG has successfully placed a hybrid bond with a volume of €750m


29/11/2017

The Financial Conduct Authority has issued a statement of objections to four asset management firms: Artemis Investment Management, Hargreave Hale, Newton Investment Management and River & Mercantile Asset Management


28/11/2017

Legislation is needed from both the UK and the EU to preserve cross-border contracts for insurers, the Bank of England has said in its latest report highlighting the Brexit threat to the insurance industry


28/11/2017

Net inflows in the French life insurance market were €1.8bn for October 2017, according to the French Insurance Federation.


27/11/2017

Improved pricing for London market insurers in 2018 may not be enough to relieve the pressure on their underwriting results from high expenses and lower reserve releases, Fitch Ratings has said


27/11/2017

Aviva is planning a £1bn share buyback plan, according to The Sunday Times


24/11/2017

The acceleration of the pace of change in business models, especially in life insurance, with the move towards contracts with lower and more flexible guarantees and pure unit-linked products “deserves further reflection from a regulatory perspective”, EIOPA chair Gabriel Bernardino has said


23/11/2017

AXA has stated that it believes the UN Sustainable Development Goals are creating opportunities for impact investing


23/11/2017

Zurich Insurance Group has announced that it will be doubling its impact investments and it will also set innovative new impact targets – possibly the first private-sector investor to introduce impact targets for its investment portfolio


21/11/2017

Global non-life premiums are forecast to grow by at least 3% annually in real terms in the next two years, and life premiums by 4%, according to Swiss Re


21/11/2017

More improvements are needed to remove unnecessary prudential barriers and to increase sustainable asset pipelines in the insurance space, Insurance Europe has argued


20/11/2017

Lloyd’s Corporation has announced it is implementing a coal exclusion policy as part of its responsible investment strategy for the Central Fund


20/11/2017

Legal & General has provided close to £300m of long-term acquisition debt in support of Danish pension funds, PKA and PFA consortium’s approximately £2bn purchase of 50% of Walney Extension from Ørsted (the former Dong Energy)


20/11/2017

Natixis Global Asset Management has changed its name to Natixis Investment Managers to better highlight its multi-affiliate business model and the strengths the firm brings to its clients


16/11/2017

Insurers across Europe are increasing their exposures towards lower credit rating quality fixed income securities and invest more into non-traditional asset classes such as infrastructure, mortgages, loans and real estate according to EIOPA’s latest investment survey


16/11/2017

Generali Investments has announced its decision to adsorb the costs related to external research, instead of charging them separately to its end clients


15/11/2017

The German insurance market needs rules on which to base an orderly transfer of contracts to UK customers post-Brexit, according to the German Insurance Association, GDV


15/11/2017

Zurich will no longer insure coal projects and is divesting from existing projects


14/11/2017

BNP Paribas Asset Management has created the multi-asset, quantitative and solutions investment group to achieve its objective of streamlining its organisational structure and enhancing its range of investment solutions


14/11/2017

Aviva has today announced that it has reached an agreement to acquire Irish insurer Friends First for a cash consideration of €130m


13/11/2017

Stripping out transitional measures from German life insurers' Solvency II ratios shows a wide disparity in results and highlights the challenge that especially many smaller firms face in achieving regulatory requirements in a low interest rate environment, Fitch Ratings has said


10/11/2017

Beazley’s total investment return for the nine months to 30 September 2017 was $116.4m (€100.09m, or 3.2% annualised, compared to $89.0m (€76.4m) or 2.6% annualised


10/11/2017

The Prudential Regulation Authority is seeking feedback on a draft supervisory statement setting out expectations of firms regarding the application of the SII matching adjustment within the calculation of the SCR


09/11/2017

The PRA is seeking views on a draft supervisory statement on effective financial management and planning by insurance firms and groups


09/11/2017

Dutch insurer, Aegon, has seen its SII ratio increase by 10% compared with the last quarter to 195%


08/11/2017

The Financial Conduct Authority has today launched a market study to assess how competition is working in the wholesale insurance broker sector


08/11/2017

MAPFRE is to enter into a strategic partnership with French investment boutique La Financière Responsable (LFR), to bring together the latter's proprietary tools and expertise in SRI/ESG management with the Spanish insurance giant's long-term commitment to corporate social responsibility


07/11/2017

EIOPA has published a second consultation paper on the SII review process, with the aim to ensure a proportionate and technically robust, risk-sensitive and consistent supervisory regime for the insurance sector and to propose possible simplifications


07/11/2017

Generali's group investments, asset and wealth management business unit is gearing up with a reorganisation around three main structures, as part of its plans to create the largest European multi-boutique insurance and asset management platform and to be a leading provider of investment solutions for European insurance companies and individual savings products


06/11/2017

The International Association of Insurance Supervisors (IAIS) has today announced a unified path to convergence of group capital standards in furtherance of its ultimate goal of a single ICS that achieves comparable outcomes across jurisdictions


06/11/2017

UK insurance companies are reasonably well matched on interest rate risk from an ALM perspective so a move in interest rates should, theoretically, have a “limited impact” on their capital position, J.P. Morgan Asset Management portfolio manager, global insurance solutions Bryan Wallace has said


02/11/2017

RSA Insurance Group has seen its group premium income rise by 8% YTD to £5,077m


02/11/2017

The matching adjustment (MA) remains critical for annuity insurers, despite today's BoE's interest rate rise, AXA IM insurance solutions strategist Chris Price has said


01/11/2017

The PRA has today published its final approach and expectations in relation to the authorisation and supervision of Insurance Special Purpose Vehicles (ISPVs)


01/11/2017

Investors such as insurers, pension funds and sovereign wealth funds are now addressing diversity and inclusion, with diversity moving up asset owners’ agendas in order to improve decision making, to attract and retain talent, and to innovate and compete, according to a recent report undertaken by New Financial


31/10/2017

Registration is now open for Insurance Asset Management Europe's first Sustainability Summit, which brings together experts in the field of sustainable investment


31/10/2017

The LMA, working together with the IUA, has concluded a transaction with DXC Technology for the provision of bureau services that will save the Lloyd’s and London market £100m over the next five years


31/10/2017

EIOPA has recommended a number of simplifications and improvements to the calculation of capital requirements in the Solvency II Delegated Regulation


30/10/2017

Assets under management of insurance companies globally will increase by an estimated $9trn between 2016 and 2020, and by $6.3trn between 2020 and 2025, according to latest figures published by PwC


30/10/2017

SII internal models are 'by and large' consistent with the sovereign risk approach taken for similar, non-sovereign instruments, EIOPA has said


27/10/2017

The Prudential Regulation Authority should have a pragmatic discussion with the UK insurance industry focusing on the scope for amendments and increased proportionality in the implementation of the Solvency II Directive, a Treasury Committee report has outlined


25/10/2017

The Prudential Regulation Authority has launched a proposal to make improvements to the Solvency II regime, less than two years after its implementation


24/10.2017

UK insurer, Legal & General's principal balance sheet businesses have executed a record £1.1bn of real asset disposals in 2017 to date, of which approximately £1bn has been to international investors


23/10/2017

"Careful active management around market liquidity, beta exposure and name selection must be carried out if insurance company investment strategies are to mitigate the ratings downside as the credit cycle begins to turn," J.P. Morgan Asset Management co-head of quantitative research Bhupinder Bahra and portfolio manager, global insurance solutions Bryan Wallace have said


23/10/2017

Insurers are becoming more interest in senior secured loans as they provide higher risk-adjusted returns in comparison to high yield bonds, new research has shown


19/10/2017

The disclosure of the sensitivity of insurers' SCR coverage ratios to changes in market and other key variables, is the most important priority among investors and analysts


19/10/2017

Disclosure of financial information by insurers was inadequate and inconsistent thus reducing the attractiveness of the insurance sector to investors, the Prudential Regulation Authority has said


18/10/2017

AXIS Capital has received clearance from all applicable regulators, including the European Commission, and finalised the completion of its acquisition of Novae


18/10/2017

The investment community needs to be more engaged with the UN Sustainable Development Goals according to a new report from PwC


17/10/2017

German insurer, Nuernberger Insurance Group’s capital adequacy is set to remain in S&P Global Ratings ‘BBB’ category despite its build-up of capital being “somewhat limited” due to the persisting very-low yield environment, the ratings agency has said


17/10/2017

The ECON Committee of the European Parliament has called for a delay of the application date of the Insurance Distribution Directive


16/10/2017

Admiral, one of the UK’s leading insurers, is to use the Moody’s Analytics Economic Scenario Generator for market risk calculation as part of its SII internal model


16/10/2017

French insurer, AXA, has been approached by a number of firms including BNP Paribas and Natixis to seal a merger deal for its asset management arm, but continues to see the business as a strategic asset


16/10/2017

The FCA has today launched its new asset management authorisation hub


13/10/2017

The trustees of the IFRS Foundation have confirmed the appointments of several organisations and their representatives to the IFRS Advisory Council


13/10/2017

Investor law firm, Grant & Eisenhofer, has launched a new ESG institute to tackle big-picture legal, social and economic issues around ESG investing


12/10/2017

The IASB has today issued amendments to IFRS 9 Financial Instruments and to IAS 28 Investments in Associates and Joint Ventures to aid implementation


11/10/2017

The government is "alive to the risk that the UK's withdrawal could in some cases create legal uncertainties as to the status of existing cross-border insurance sold under passporting arrangements", Chancellor Philip Hammond has said


11/10/2017

Institutional investors face significant challenges in adopting a sustainable approach, despite a majority recognising its importance


10/10/2017

EIOPA's regulation should be strengthened with a mandate to act more intrusively when it detects signals of risks of cross-border failures among insurance companies, EIOPA chairman Gabriel Bernardino has argued


10/10/2017

EDHEC has called on regulators to take measures against the risks of investment in so-called listed-infrastructure


10/10/2017

Just five global jurisdictions in the insurance space have reported life insurer insolvencies due to the low interest rate environment, despite insolvency risk remaining a great issue within the overall insurance market, new figures have revealed


10/10/2017

Leading insurers including Allianz, AXA and Generali, in cooperation with Ocena and UNEP PSI, have agreed to no longer underwrite illegal, unreported and unregulated fishing


09/10/2017

Zurich Insurance is nearly halfway to its goal of saving $1.5bn by 2019, as it closes in on cutting costs by $700m as part of its end of year target


09/10/2017

The volume of German life insurance portfolios will "increase significantly" over the next five years, with a growing proportion of this business transferred to run-off specialists, Fitch Ratings has said


09/10/2017

Institutional investors including insurers are expected to increase their factor allocations to 18% by 2022, new research has revealed


09/10/2017

Swiss Re has reached agreement with Japanese insurance group, MS&AD, for an investment into ReAssure, its closed book business, of up to £800m


09/10/2017

Dutch insurer, ASR Group, has completed the first major Restricted Tier 1 deal


29/09/2017

Insurers will continue to seek out opportunities in less liquid sectors such as whole loans (both commercial and residential) and private credit despite the regulation and capital regulated challenges of such investments, according to BlackRock’s global head of FIG portfolio management Jeff Jacobs


29/09/2017

Generali is to put Generali Leben into run-off


28/09/2017

Lloyd’s of London has recorded a profit of £1.2bn for H1 2017, a 16% drop from the £1.4bn recorded for the same period in 2016


28/09/2017

Insurers’ efforts to improve the profits they generate from investment have focused on reducing investment-related fees and expenses, improving capital efficiency by narrowing the mismatch between assets and liabilities and various changes in asset allocation


28/09/2017

The majority of insurers believe that allocating capital to private market assets will be a critically important tool to help improve returns going forward, according to BlackRock's Global Insurance Report 2017


28/09/2017

Non-investment steps to improve insurers' profitability have helped "only modestly" and are now "mostly exhausted", according to BlackRock's latest Global Insurance Report 2017


27/09/2017

Insurers looking to operate in the EU after Brexit will be scrutinised for any attempts to game the system, EIOPA has said


26/09/2017

AXIS is to complete its acquisition of Novae Group in two phases, following consultation with the European Commission


25/09/2017

UK life insurers are feeling more optimistic than they did three months ago, reporting strong volumes of business in the three months to September, latest figures published by the CBI/PwC have said


25/09/2017

The addition of ESG factors to credit ratings would exacerbate the already lingering issue that current Solvency II legislation increases the dependency on credit rating agencies and leads to excessive costs for insurance companies


25/09/2017

A secondary market of sustainable assets should be developed so insurers can become more strongly involved in this area, AMICE has said


25/09/2017

Institutional investors including insurers who incorporate robust sustainability ratings into their capital allocation decisions can expect to gain a 'double dividend': supporting sustainable business while earning returns equivalent to or higher than the broader market, research has shown


25/09/2017

Angela Merkel's election win to cement a fourth term as German chancellor is a positive for the country's economic market and the capital markets, Allianz CIO Andreas Gruber has said


22/09/2017

A greater number of EU countries should issue government bonds that are sustainable as they would "probably be considered as an attractive investment with low risk" for many life and non-life insurance companies, AMICE has advised


22/09/2017

The EU and the US have signed the bilateral agreement on insurance and reinsurance today, the European Commission has announced


22/09/2017

BNP Paribas Cardif is to double its green investments by 2020, with an emphasis on green bonds


21/09/2017

A "closer analysis" of EIOPA's powers over SII internal models must be carried out before the EC implements its supervisory propositions announced yesterday


21/09/2017

The International Accounting Standards Board has today confirmed the membership of its IFRS 17 Transition Resource Group, established to support implementation of the new Standard issued in May 2017


21/09/2017

The CMA has published details today on the areas that it proposes to examine as part of its investigation into investment consultancy


20/09/2017

EIOPA is to have a stronger role in promoting convergence in the validation of the internal models that some large insurance companies use to calculate requirements on solvency capital


20/09/2017

The International Association of Insurance Supervisors latest paper on the regulation and supervision of mutual and cooperative insurers is an important step forward in recognising that different types of insurers need to be regulated in a way which is appropriate to their structure and their relationship with their policy holders according to the ICMIF and AMICE


20/09/2017

Non-life insurers' GWP in the UK for 2016 Q4 YTD were just under €80bn according to latest figures published by EIOPA


19/09/2017

XL Group has chosen Dublin for its main EU insurance carrier operations as a result of the Brexit vote in the UK


19/09/2017

Nordea has facilitated the issuance of a $350m green bond for the Folksam Group


19/09/2017

Aon, RSA and Zurich along with more than 100 businesses are urging the government to seek a three year transitional period after Brexit to avoid a "cliff-edge" for business


19/09/2017

The new capital rules for EU infrastructure investments are "unlikely" to have a meaningful impact on insurers' capital allocations to the asset class, S&P Global Ratings has said


18/09/2017

The Insurance Asset Management Awards 2017 shortlist has been revealed


18/09/2017

A 76% increase in the number of mergers and acquisitions insurance policies between H1 2017 and H1 2016 has been reported in the latest JLT Specialty Global M&A Insurance IndeX


18/09/2017

"No artificial intelligence in the world would be able to make heads or tails from insurance accounting information that is in many cases inherently flawed," IASB chairman Hans Hoogervorst has said


18/09/2017

The government must act fast and come up with a range of proposals to preserve stability and certainty in respect of insurance contracts that straddle 'Brexit day', Treasury Committee chair Nicky Morgan has said


18/09/2017

The solvency ratios of the Dutch life and non-life sectors came out at around 170% at 2016 year-end, well above the legal standard of 100%


15/09/2017

AXA IM is reportedly under review by its insurer parent company, AXA Group, for a potential merger


15/09/2017

Total premiums received in respect of life business in Ireland during 2016 were €40.2bn according to Milliman


14/09/2017

The Financial Conduct Authority (FCA) has referred the investment consultancy market on to the Competition and Markets Authority (CMA) using a Market Investigation Reference (MIR)


14/09/2017

The IASB has today issued guidance on how to make materiality judgements


14/09/2017

The importance of insurance assets is reducing as a proportion of overall assets under management according to research published by the Investment Association


13/09/2017

ASR Nederland is to acquire the shares in Generali Nederland for €143m


13/09/2017

Deutsche Asset Management today announced it is to absorb the cost of external research for clients under the new MiFID II directive, which will take effect in 2018


12/09/2017

Aberdeen Standard Investments will absorb all research costs to coincide with the new MiFID II legislation which comes into effect on 3 January 2018


12/09/2017

The International Accounting Standards Board has today published for public consultation proposed narrow-scope amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors


11/09/2017

Chubb intends to locate its European Union headquarters in France if the United Kingdom leaves the EU as expected in March 2019


11/09/2017

AmTrust at Lloyd’s has applied to Lloyd’s for approval to combine its three fully aligned non-life Lloyd’s syndicates under management