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21/02/2019

Dutch insurance group, ACR, has seen its gross written premiums in the non-life segment rise by €435m to €3,014m, both as a result of solid organic growth of 4.7% and the acquisition of Generali Nederland (€314m)


21/02/2019

RSA Insurance Group has appointed Sonia Baxendale as non-executive director with effect from March


21/02/2019

AXA IM’s AUM amounted to €730bn as of the end of 2018, down €16bn compared to the end of December 2017, but successes have been recorded in the alternatives investment space


21/02/2019

Schroders has announced the death after a short illness of its director Bruno Schroder aged 86 on 20 February. Schroder served as a director of Schroders plc since 1963


21/02/2019

Spanish insurer, MAPFRE, has invested €35m in the first structured green bond using blockchain technology to negotiate the terms and conditions, issued by BBVA Group


20/02/2019

England's High Court has granted Aviva, the UK's second-largest insurer, its approval to transfer around £9bn (€10.35bn) in assets to a new Irish company ahead of Brexit


20/02/2019

The European Fund and Asset Management Association (EFAMA) welcomes European Securities and Markets Authority’s (ESMA) consultation on integrating sustainability risks and factors in the UCITS Directive, AIFMD and MiFID II as long as measures are consistent


20/02/2019

Institutional investors have nearly doubled their exposure to renewable infrastructure investments over the past two years, from 2 per cent to 3.6 per cent, and believe the biggest allocation increases will be made to offshore wind, solar thermal and onshore wind, according to a new study


20/02/2019

“No authorisation means no new business”, Italian regulator, Ivass, has warned insurers in preparation for a potential no-deal Brexit


20/02/2019

French insurer, SCOR, has delivered gross written premiums of €15,258m in 2018, up 7.1% compared to 2017


20/02/2019

No evidence of significant levels of harm that merit the introduction of intrusive remedies have been found in the London Insurance Market (LIM), according to the FCA, but some areas of concern remain


20/02/2019

EIOPA’s advice on insurance contract continuity ‘reduces uncertainty’ but does “not eradicate it”, according to ABI director general Huw Evans


19/02/2019

EIOPA has called upon national supervisory authorities to minimise the detriment to insurance policyholders and beneficiaries in the case of a no withdrawal agreement between the United Kingdom and the European Union.

Today, the body has issued recommendations addressed to National Competent Authorities (NCAs) providing guidance on the treatment of UK insurance undertakings and distributors with regard to cross-border services in the EU after the withdrawal of the UK from the EU without a withdrawal agreement


19/02/2019

The strategy and governance indicators of the PRI’s climate risk indicators are to become mandatory for signatories to report on from 2020


19/02/2019

Ageas UK has appointed Jonathan Price as its new chief financial officer


19/02/2019

PIB Group has acquired Optis Insurances Limited as part of its expansion into the Irish marketplace


19/02/2019

Unions and insurers have issued a joint warning about the burden of the significant increase in EU regulation on insurance workers


18/02/2019

The Apollo Funds have acquired all of the outstanding ordinary shares of Aspen for $42.75 per share in cash, representing an equity value of approximately $2.6bn


18/02/2019

The price fall on stock exchanges at the end of last year has caused the biggest loss ever in Dutch investment institutions


18/02/2019

Solvency II has largely delivered but a range of critical comments can still be made on how to improve the Directive, Associate Professor at the Economics and Business Faculty of the KU Leuven Professor Karel Van Hulle has said


18/02/2019

Central Bank of Ireland deputy governor Ed Sibley has mooted two additional areas to be included in the scope of the Call for Advice around Solvency II


18/02/2019

The importance of the cross-border insurance model for customer choice and the European economy, and the importance of consistent supervision across the EU have been emphasised by EIOPA chair Gabriel Bernardino


15/02/2019

British life insurer, Aviva, is seeking approval from the High Court of England and Wales for the transfer of assets totalling €9bn from the UK to its Irish subsidiary


15/02/2019

The Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE), along with the Insurance Sectoral Social Dialogue Committee (ISSDC), today signed a statement on the effects of regulatory requirements and compliance on employees


15/02/2019

Insurers and asset managers have written a joint letter to the European Commission and the European Insurance and Occupational Pensions Authority (EIOPA) calling on them to set an expiry date of PRIIPs derogation for multi-option products to be aligned, with the exemption of UCITS


15/02/2019

German insurance firm Allianz reported today that its operating profit for 2018 was €11.5bn, the highest income level in the firm’s history


14/02/2019

U.S. Risk Insurance Group (US Risk) yesterday announced that it has entered into an agreement to be acquired by USI Insurance Services (USI), a leading insurance brokerage and consulting firm


14/02/2019

Life insurance premiums in Luxembourg increased by 6.45% for Q4 2018 compared to Q4 2017, according to latest figures published by the Commissariat aux Assurances


14/02/2019

Property and casualty insurance firm Lancashire Holdings has announced that it will use Lloyd’s of London’s European Union (EU) subsidiary in Brussels once the UK has left the union, Reuters reported


14/02/2019

Almost half (49%) of institutional investors expect to increase their exposure to assets supporting and participating in energy transition by 2021, a new study has revealed


13/02/2019

US insurer AIG reported a net loss of $622m for the fourth quarter of 2018, compared to a net loss of $6.7bn in the prior-year quarter


13/02/2019

The new European Union directive on stewardship and long-term sustainability of companies is a shareholder obligation, according to Head of Hermes EOS Hans-Christoph Hirt


13/02/2019

Brown & Brown Metro, a subsidiary of American insurer Brown & Brown, today announced that it has acquired “substantially all” of the assets of Smith Insurance


13/02/2019

Schroders has today announced it has hired an Environmental, Social and Corporate Governance (ESG) integration specialist, focused on enhancing the firm’s ability to embed sustainability across its investment teams, allowing it to better meet its clients’ needs


12/02/2019

Premium income in the German insurance space has exceeded €200bn for the first time, Germany trade body, GDV, has said


12/02/2019

Investors are being cautioned against holding large fixed income exposure in a rising rate environment


12/02/2019

Investors across Europe are at risk of ignoring their role as responsible stewards as only 3 per cent believe their organisation already meets the requirements of the Shareholder Rights Directive II, new research from Hermes Investment Management has revealed


12/02/2019

Over 140 asset- and wealth-management firms have signed an open letter calling on global index providers to remove controversial weapons companies from mainstream benchmarks


11/02/2019

UK economic growth slowed to just 0.2% in the final quarter of 2018, while quarterly gross domestic product (GDP) growth slowed after a strong third quarter where it grew 0.6%, new data has revealed


11/02/2019

Despite the uncertainty surrounding Brexit, brokers are still preparing for growth and expansion in 2019, with this year potentially being viewed as a year of growth and development, according to the latest Aviva Broker Barometer


11/02/2019

Global insurance M&A activity is up 9 per cent in a year, latest figures have revealed.

According to Clyde & Co’s latest insurance growth report Navigating a course between uncertainty and opportunity, there were 382 completed mergers and acquisitions worldwide in the insurance sector in 2018, compared to 350 the previous year


11/02/2019

Forty-two per cent of institutional investors that already invest in renewable energy are set to increase their allocation to the asset class by 10 per cent over the next five years, according to a report by Octopus Group


08/02/2019

Net subscriptions for French life insurance totalled €22.4bn in 2018 up from €8.3bn in 2017, according to the French Insurance Federation


08/02/2019

US insurer, SCOR, has grown its P&C reinsurance premiums by 9.7% at constant exchange rates at the January 2019 renewals, from €2.9bn to €3.2bn


08/02/2019

Finding an agreed measure for impact from investment has long been an issue, but the Investment Leaders Group (ILG) has now developed a framework that could enable a revolution in consumer choice in financial services


08/02/2019

UnipolSai Assicurazioni has recorded a consolidated net profit of €948m for 2018 (€537m in 2017), according to its latest financial results


08/02/2019

The French government has issued a number of emergency measures for insurance contracts to take effect on the UK withdraws from the EU without an agreement concluded in accordance with article 50


07/02/2019

Chubb saw profits tumble to $355m for the fourth quarter of 2018, down more than 75% compared with the same period last year, as property insurance losses exceeded expectations


07/02/2019

Beazley posted a profit before tax figure of $76.4m in its 2018 results, published today, down from its 2017 figure of $168m, which it has blamed on natural disasters and a poor investment environment


07/02/2019

Swiss insurer Zurich has reported a business operating profit of £3.5bn in its 2018 results, an increase of 20% on its 2017 operating profit figure


07/02/2019

The European subsidiary of American insurance giant Travelers has recently been granted a license by the Central Bank of Ireland to open a new, wholly owned insurance subsidiary in Dublin, ahead of Brexit


07/02/2019

Talanx Group achieved a net income of €703m in 2018, an increase of 4.9%


06/02/2019

The European Parliament and European Union (EU) member states have reached a political agreement for simpler rules for over-the-counter (OTC) derivatives, which will reduce costs and regulatory burdens


06/02/2019

Lloyds of London has appointed David Duclos to serve as non-executive chairman of its global network


06/02/2019

German re-insurer Hannover Re has increased its premium volume in traditional property and casualty reinsurance by 15.4% on a currency-adjusted basis to €6.4bn


06/02/2019

Signatories to the Principles for Responsible Investment (PRI) reached 2,232 in 2018, a 21 per cent increase on the previous year


06/02/2019

EIOPA is to put sustainability as a central theme in its strategic thinking for 2019-2021, and will examine how best to include sustainability considerations in supervisory and regulatory frameworks


05/02/2019

Despite ongoing uncertainty surrounding Brexit, US insurance trade groups say the covered agreement reached between the US and UK remains on track and is a key step to ensure business continuity after the UK has departed from the European Union (EU)


05/02/2019

French reinsurer Scor’s chief executive officer (CEO) Denis Kessler has promised to release a strategic plan that would set new targets for the company, in a move to assuage an activist fund that questioned his role in a failed takeover process


05/02/2019

RSA UK & International has appointed its former chief financial officer (CFO) Scott Egan as its new chief executive officer (CEO) with immediate effect


05/02/2019

Insurance firm Royal London has received approval to transfer more than £1bn worth of assets to Ireland as it ramps up its Brexit contingency planning


04/02/2019

The Financial Conduct Authority (FCA) has today published new rules and guidance to improve the quality of the information available to consumers about the funds they invest in


04/02/2019

Lloyd’s of London has announced the appointment of Burkhard Keese as its chief financial officer (CFO), with effect from 1 April 2019


01/02/2019

Covéa has cancelled its earlier plan to acquire property and casualty reinsurer SCOR saying that “a transaction with SCOR is no longer part of its strategic options”


01/02/2019

The risk exposure of the European Union insurance sector remains stable overall, according to EIOPA’s updated risk dashboard based on the third quarter 2018 data


01/02/2019

Solvency II does not represent an obstacle to the integration of sustainability risks, according to Insurance Europe’s response to a consultation on EIOPA’s draft technical advice on the integration of sustainability risks and factors in the delegated acts under Solvency II and the Insurance Distribution Directive (IDD)


31/01/2019

French insurers’ increasing focus on health insurance is credit positive as the market gives them an opportunity for business growth and earnings diversification with limited risk, Fitch Ratings revealed in a new report


31/01/2019

Swedish insurer Folksam has invested in a Nordic-Baltic “blue” bond protecting water resources and a Swedish green bond for sustainable housing


30/01/2019

The French Insurance Federation (FFA) and the German Insurance Association (GDV) have expressed their support in the creation of the Franco-German economic area with common rules


30/01/2019

MPs have voted to eliminate the possibility of the UK leaving the EU without a deal


30/01/2019

The International Association of Insurance Supervisors’ (IAIS) proposal for a new “holistic framework” for identifying and managing systematic risk in the insurance sector currently lacks sufficient clarity, according to Insurance Europe


29/01/2019

EIOPA has called for improvements to the assessment of the propriety of board members and qualifying shareholders of insurance companies


29/01/2019

Bermuda-based (re)insurers continue to be tested by challenging market conditions, including heightened catastrophic losses and diminishing competitive advantage resulting from U.S tax reform, according to Fitch Ratings


25/01/2019

The Investment Association (IA) has today announced the launch of the first industry-wide consultation on sustainability and responsible investment


25/01/2019

The Treasury Committee has today launched a new inquiry into the future of the UK’s financial services, once it has departed from the European Union (EU)


25/01/2019

Britain and Switzerland have struck a deal allowing insurers to trade freely between the two countries post-Brexit, Britain’s finance ministry has said.

The agreement will replicate the effects of the EU’s insurance agreement with Switzerland.
British finance minister Philip Hammond, and Swiss Confederation president Ueli Maurer, signed the agreement at the World Economic Forum in Davos, Switzerland


24/01/2019

The International Accounting Standards Board (IASB) met yesterday, Wednesday 23 January, and proposed amending key aspects of IFRS 17 Insurance Contracts


24/01/2019

Aon has recently appointed Colin Dutkiewicz as the global head of life for its reinsurance solutions business


24/01/2019

A report from De Nederlansche Bank (DNB) has revealed that the Dutch financial sector is exposed to environmental and social challenges, in addition to climate-related risks


24/01/2019

The Bank of England (BoE) has said it is “broadly on track” with its efforts to prevent European Union (EU) banks and insurers from relocating their UK branches post Brexit


23/01/2019

Luxembourg’s regulators granted 80 new licences for banks, management companies, alternative asset managers, insurers and investment firms in 2018, demonstrating it is the ‘go-to-hub’ for financial institutions operating on a cross-border basis in the European market


23/01/2019

The world’s largest insurance brokers have refused to rule out support for the giant Carmichael coal mine in Australia, despite growing opposition to the project among insurers and financial institutions, according to Unfriend Coal


22/01/2019

The US Federal Reserve is to try and leverage its upcoming proposal on insurance capital requirements in an effort to make an international plan more suitable for the US market, Fed Governor Randal Quarles said


22/01/2019

India’s insurance sector is set to mark strong growth due to the country’s economy and evolving regulatory regime, Moody’s Investors Service has said


21/01/2019

Phoenix Group Holdings has the most defensive life insurance stock and offers one of the safest dividend yields amid concerns a hard Brexit will lead to a recession, according to Barclays


21/01/2019

The world’s insurers have teamed up with the UN and the WWF to create a pioneering insurance industry guide to protect the planet’s most special places


18/01/2019

The European Insurance and Occupational Pensions Authority (EIOPA) has issued a Call for Evidence to collect information from market participants on the integration of sustainability risks and factors in the prudential assessment of assets and liabilities for insurers and (re)insurers


17/01/2019

Allianz, AXA and Swiss Re are among the brands to have received most praise from NGOs in 2018, on account of their efforts on climate change


16/01/2019

Insurers have slammed the atmosphere of uncertainty following the UK government’s defeat in Parliament on its proposed Brexit deal yesterday


15/01/2019

Swiss Re has recently announced it expects a combined claims burden from natural catastrophes and large man-made disasters of $2.9bn for 2018, while, as an industry, insurers will lose $81bn as a result of natural disasters


15/01/2019

Environmental, social and governance (ESG) performance has been positive since 2014, following a mobilisation of investors which has had an impact on supply and demand, according to new research by Amundi


14/01/2019

Market sentiment is holding up among insurers in the UK amid general falling sentiment among the rest of the financial services industry


14/01/2019

Law firm Slater and Gordon has swiped former Aviva executive Angus Eaton, who will take the position of managing director of consumer legal services, while also becoming the firm’s chief risk officer and chair of its risk management committee


11/01/2019

Insurers are now expected to disclose how they are to address climate risks, a new report has revealed


11/01/2019

Proposals to link EIOPA’s budget more closely to its actions, with increased scrutiny from the European Parliament and the Council of the EU, and to maintain a minimum of 35 per cent of EIOPA’s funding from the European Commission have been welcomed by Insurance Europe deputy director general Olav Jones said


10/01/2019

The European Insurance and Occupational Pensions Authority (EIOPA) published today its first Report on Costs and Past Performance of insurance and pension products following a request of the European Commission to the European Supervisory Authorities (ESAs) to periodically report on costs and past performance of retail investment, insurance and pension products


10/01/2019

French insurer AXA has said it will handle its international risk and reinsurance through an Irish unit as a result of Brexit, Reuters has reported


09/01/2019

Marsh & McLennan Companies, (MMC) has announced the pricing for six different bonds to fund the takeover of Jardine Lloyd Thompson (JLT) worth $5.6bn


09/01/2019

Internal models remain the most accurate measure of insurers’ risks, the best driver of good risk management and the most appropriate basis for comparing risks between companies, according to a group of Europe’s largest reinsurers


08/01/2018

Net inflows for the French life insurance market in November 2018 were €2.7bn, the French Insurance Federation (FFA) revealed


08/01/2019

Allianz, insurance-linked securities (ILS) and reinsurance linked investment manager Nephila Capital and broker ReSurety have again collaborated to deliver a wind farm proxy revenue swap product to transfer risks and support cash flows related to a new wind farm construction project


07/01/2019

Throughout 2019, institutional investors, excited by the prospect of greater regulatory clarity, are going to drive “considerable expansion” of the cryptocurrency market in 2019, according to deVere Group founder and chief executive Nigel Green


07/01/2019

LV= has recently appointed former Aviva retirement specialist Clive Bolton as managing director for life and pensions, subject to regulatory approval


07/01/2019

Rothesay has approached Swiss Re about the possibility of acquiring ReAssure, Swiss Re’s UK unit that manages life insurance policies, for £3.5bn, Sky News has reported


04/01/2019

The Financial Reporting Council (FRC) should be replaced with an independent statutory regulator, accountable to Parliament, with a new mandate, new clarity of mission, new leadership and new powers, a new report has argued


04/01/2019

French insurance group Apicil is to take over Luxembourg life insurance company OneLife


03/01/2019

Chubb European Group has redomiciled its business from London to France


03/01/2019

QBE European Operations has implemented its post-Brexit plans, after its Part VII transfers came into effect on 1 January 2019 following High Court approval


03/01/2019

Insurance company Athora has acquired Belgian insurer Generali Belgium from Italian insurance major Assicurazioni Generali for €540m


02/01/2019

The Hanover Insurance Group has completed the sale of Chaucer Holdings Limited, the major portion of its Lloyd’s international specialty business, to China Reinsurance Group


02/01/2019

AIG Life Limited, a UK subsidiary of AIG Life & Retirement, has completed the previously agreed acquisition of Ellipse, a specialist life, critical illness and income protection provider in the UK, from Munich Re


02/01/2019

Generali Group has completed the acquisition of an additional 23.5 per cent state in its Future Generali insurance joint ventures (JVs) in India with Future Group


21/12/2018

The Bank of Nova Scotia (Scotiabank) has announced it is selling its pension and insurance business in the Dominican Republic to Grupo Rizek for an undisclosed amount


21/12/2018

Direct Line Group has appointed AIG Life as the insurer behind its protection products in the UK’s first direct-to-consumer life insurance partnership


21/12/2018

The Financial Services Compensation Scheme (FSCS) has recently confirmed that the unrated Danish insurance firm Qudos Insurance was declared bankrupt on 20 December 2018


20/12/2018

Lloyd’s of London has named Sonja Rottiers as the chief executive of its Brussels subsidiary from February, while also acting as the firm’s regional director for Europe, Middle East and Africa


20/12/2018

The Central Bank of Ireland has issued a €3.5m fine to RSA Insurance Ireland (RSAII) for regulatory breaches in relation to large loss claims and accounting irregularities from 2009 to October 2013


20/12/2018

Ten of the world’s foremost insurers have reportedly announced they will not provide support to develop the controversial Carmichael coal mine in Australia, following in the footsteps set by many global financial institutions, the Unfriend Coal campaign has revealed


19/12/2018

Direct Line Group has indicated its interest in buying Legal & General’s (L&G) home and contents cover division, which was recently put up for sale, Sky New has reported


18/12/2018

Global reinsurance firm Swiss Re has estimated that natural catastrophes and man-made disasters will cost the insurance industry approximately $79bn in 2018, marking the fourth highest annual industry loss on its sigma records


18/12/2018

JLT Re has signed an insurtech partnership with Pact Insurance to offer products to the emerging digital auto insurance market


17/12/2018

Legal & General (L&G) is currently planning to divest its general insurance business, three years after a previous auction was called off, in a deal that could fetch more than £300m, Sky News has reported


17/12/2018

Following the publication of the results from the European Insurance and Occupational Pensions Authority’s (EIOPA) 2018 Insurance Stress Test, Insurance Europe deputy director Olav Jones emphasised the “strength of Europe’s insurance industry”


14/12/2018

A total of 42 (re)insurance companies reported an aggregate Assets over Liabilities (AoL) ratio of 109.5% and a pre-stress SCR coverage of 202.4% in the pre-stress (baseline) situation according to EIOPA’s latest 2018 Insurance Stress Test


14/12/2018

The IASB has voted to propose to amend IFRS 17, the insurance contracts Standard issued in May 2017


13/12/2018

EIOPA has today published its report on the Evaluation of the Structure of Insurance Intermediaries Markets in Europe confirming that the European insurance intermediation market is now characterised by a very wide diversity of local distribution channels and different definitions adopted at the national level


13/12/2018

The US Department of the Treasury and the Office of the US Trade Representative (USTR) have announced they intend to sign a bilateral insurance agreement with the UK, which should provide “regulatory certainty and market continuity” after Britain leaves the European Union (EU)


13/12/2018

The European Commission’s consultation on its draft proposals for the 2018 review of the Solvency II Delegated Regulation has raised a number of concerns voiced by Insurance Europe


10/12/2018

Following the decision from Qudos Insurance to enter liquidation, the European Insurance and Occupational Pensions Authority (EIOPA) has expressed its support of the order issued by Danish regulator Finanstilsynet


10/12/2018

A group of 11 insurance associations from across the globe have written a joint letter to the International Accounting Standards Board (IASB) chair Hans Hoogervorst calling for a two-year delay to International Financial Reporting Standard (IFRS) 17, which covers insurance contracts


07/12/2018

Interim solutions and contingency planning with respect to derivatives and insurance claims are reducing some significant risks a "no-deal" Brexit would present to the European financial services sector, Fitch Ratings has said in a new report


07/12/2018

Insurance companies urged to publicly rule out support for Australian coal mine


05/12/2018

UK-based RSA Insurance Group has received approval from the High Court of England and Wales to transfer its European business to its Luxembourg branch ahead of Brexit


05/12/2018

Dutch insurer ASR has recently agreed to acquire Loyalis from pensions administrator APG in a deal worth €450m


05/12/2018

Zurich Insurance is on track to achieve its financial targets for the 2017-2019 period, it announced in a statement on Wednesday ahead of its investor day


04/12/2018

Net inflows for French life insurers in October 2018 were €2.5bn


04/12/2018

Insurers around the world should receive fair regulatory treatment, according to their nature, scale and complexity, a conference of mutual and cooperative insurers will hear at the second joint AMICE-ICMIF regulatory event taking place in Paris today


03/12/2018

The book value of German life insurers’ capital investments increased to just over €905bn in 2017 despite the low interest rates, according to the German trade body, GDV


03/12/2018

Insurance companies are taking unprecedented action against the coal industry, ending insurance for coal companies, mines and power plants and excluding coal from $6trn of investments, Unfriend Coal’s second annual scorecard on the industry has revealed


30/11/2018

The UK leads Europe for sustainable and responsible investment (SRI) according to data from Eurosif, Europe’s sustainable and responsible investment membership organisation


30/11/2018

Insurance investors globally have seen their return expectations plummet as concerns over rising levels of equity market volatility and risk weigh on their portfolios, Schroders Institutional Investor Study 2018, An Insurance Focus, has found


30/11/2018

The winners of the Insurance Asset Management Awards 2018 were announced last night at a gala ceremony at the De Vere Grand Connaught Rooms, London


29/11/2018

The EC is “really missing an opportunity” around the review of insurers’ Solvency II regulatory framework, to unlock capital that insurers could be using to boost Europe’s economy, Insurance Europe has argued


29/11/2018

The French life insurance sector has had its outlook revised to stable from negative, as Fitch Ratings expects sustained net flows, improving business mix and margins, and low, well-managed interest rate risk to support life operating performance in 2019


29/11/2018

The Italian life insurance sector outlook remains negative for 2019 as insurers’ high sensitivity to Italian government bond spreads could outweigh on their capitalisation and profitability, Fitch Ratings has said


28/11/2018

EIOPA has today published for consultation its draft technical advice on possible amendments to the delegated acts under Solvency II and the Insurance Distribution Directive (IDD) concerning the integration of sustainability risks and factors


28/11/2018

Saudi Arabia’s changing regulatory landscape is expected to incentivise M&A activity in its insurance sector and drive consolidation among smaller firms, Fitch Ratings has predicted, with several deals already announced in 2018


27/11/2018

The SCR ratio of EEA insurers at an aggregated level is now 220%, according to EIOPA’s latest European Insurance Overview


27/11/2018

The German life insurance sector outlook has been revised to stable from negative, reflecting the progress made by major insurers in adapting to the twin challenges of persistent low interest rates and the introduction of Solvency II


27/11/2018

Aviva has invested in the world’s biggest wind farm, putting £400m of funds into the Hornsea project 1 that includes 174 giant turbines in the North Sea off the coast of East Yorkshire


26/11/2018

AXA has extended its climate change policy to its recently-acquired XL division, which will result in a negative impact on its revenues


26/11/2018

The UK life insurance sector outlook is stable, as supportive long-term trends outweigh near-term uncertainties, Fitch Ratings has said


23/11/2018

Over half of the UK’s leading life insurance companies expect to increase their spending on actuarial consultants over the next year, research by Barnett Waddingham has found


22/11/2018

Four European insurers are continuing to support plans to expand Poland’s coal industry, according to research from the Unfriend Coal campaign released today, as the country prepares to hose the UN Climate Summit next month


22/11/2018

German non-life insurers are likely to continue raising their premium rates in 2019, in a bid to maintain profitability while facing increasing costs per claim and dwindling investment returns, Fitch Ratings has said


21/11/2018

Lloyd’s of London (Lloyd’s) today announced that its chief operating officer (COO) Shirine Khoury-Haq has decided to leave the organisation, after almost five years of service


21/11/2018

Discussing the relationship between sustainable finance in the pensions and insurance space at the European Insurance and Occupational Pensions Authority (EIOPA) annual conference, European Commission chairman said most of the industry understands sustainable finance but does not invest enough to combat issues


20/11/2018

The ongoing California wildfires are expected to become one of the costliest wildfire catastrophe-insured loss events for the property and casualty insurance industry, and will most likely negatively impact the fourth-quarter earnings of firms with material property exposure in the state, Fitch Ratings has said


20/11/2018

EIOPA chairman Gabriel Bernardino has announced that Solvency II will be reviewed to "secure its future", allowing the directive to adapt to market conditions


19/11/2018

Folgate Insurance has partnered with MS Amlin for its relaunch in December, allowing the firm to offer greater capacity to the broker market


15/11/2018

American International Group (AIG) and The Carlyle Group have created a new reinsurance firm, Fortitude Re, formerly known as DSA Re


14/11/2018

Global insurance regulators have proposed to suspend the publication of their list of systematic insurers who must comply with stricter capital rules, Reuters has reported


14/11/2018

The International Accounting Standards Board (IASB) has voted to push back the implementation of IFRS 17 for one year to 1 January 2022


13/11/2018

UN Environment’s Finance Initiative (UNEP FI) announced today a partnership with 16 of the world’s largest insurers, to develop a new generation of risk assessment tools designed to allow the insurance industry to better understand the impacts of climate change on their business


13/11/2018

Lloyd’s of London, an insurance and reinsurance market, has launched its new subsidiary in Brussels in order to obtain uninterrupted access to European Union (EU) markets following the UK’s departure from the union next year


12/11/2018

The parent company of Ireland-based CBL Insurance Europe and CBL Insurance in New Zealand, CBL Insurance, has been put into liquidation by the Auckland High Court


09/11/2018

The Treasury Committee has today announced a probe into vulnerable customers and how they are served by the financial services industry


09/11/2018

Generali’s announced today that it will stop insuring the construction of new coal mines and plants, while also no longer accepting coal companies as new clients


08/11/2018

Institutional investors are investing more in private credit, accounting for 70 per cent of the market’s capital, an investor survey shows


08/11/2018

Registration is now open for the 2019 Sustainability Summit, which offers pension funds, insurance companies, charities and corporates the chance to learn and network alongside their peers


07/11/2018

It appears as though the Spanish insurance sector has good prospects for profitable growth, in contrast to most other major European insurance markets, Fitch Ratings has announced in a new report


07/11/2018

The shareholders of JLT have approved the deal for Marsh and McClennan Companies (MMC) to purchase the broker for $5.6bn (£4.3bn)


07/11/2018

Generalli and Vienna Insurance Group (VIG) have signed a €365,000 contract to insure a recently finished 660MW coal power plant in the Czech Republic, undermining international action to tackle climate change, the Unfriend Coal campaign has recently revealed


06/11/2018

Insurance and reinsurance broking group and advisory firm Willis Towers Watson (WTW) is shutting down its securities mergers & acquisitions (M&A) advisory unit, as it is understood that this business as its own individual unit no longer fits the strategic direction of the group


06/11/2018

European insurers have welcomed changes implemented by the International Association of Insurance Supervisors (IAIS) to its proposals for a common framework (ComFrame), despite arguing that additional guidance is needed


05/11/2018

A total of 124 insurance undertakings from the United Kingdom and Gibraltar with cross-border business in EEA 30 jurisdictions have no or insufficient contingency plans in place to ensure service continuity in case of a withdrawal without an agreement between the UK and the EU


05/11/2018

Significant improvements are still required for the global Insurance Capital Standard (ICS) version 2.0 to correctly reflect insurers’ business models, while also correctly identifying and measuring the risks faced by insurers, argued Insurance Europe


02/11/2018

Price comparison site Compare the market may be keeping the cost of home insurance premiums artificially high, according to the Competition and Markets Authority (CMA), therefore potentially breaking competition law


01/11/2018

The UK has reportedly struck a deal with the EU on post-Brexit financial services


01/11/2018

Insurers in North America expect future investment returns to fall short of their internal targets with 77% expecting to struggle to meet target investment returns, according to a survey published by Aberdeen Standard Investments (ASI)


31/10/2018

The PRA has today set out its proposals to amend Supervisory Statement (SS) 3/15 ‘Solvency II: the quality of capital instruments’, involving an expectation that insurers will deduct the maximum tax charge generated on write-down, when including items listed in Articles 69(a)(iii) and (b) of the Solvency II Regulation (the ‘Solvency II Regulation’) or certain items approved under Article 79 of the Solvency II Regulation to be recognised as restricted Tier 1 own funds (rT1) in their own funds


31/10/2018

The Financial Conduct Authority (FCA) has today set out the issues it will focus on as part of a market study into how general insurance (GI) firms charge their customers for home and motor insurance


31/10/2018

Total European direct gross written insurance premiums totalled €1,213bn in 2017, a rise of 4.7% on 2016, with life premiums growing 5% to €710bn, P&C 4.4% to €371bn and health 3.9% to €132bn, according to latest figures published by Insurance Europe


31/10/2018

Deal value for global insurance M&A was up €37bn in the first six months of 2018, driven by a slew of megadeals which pushed value to its highest first-half total since the financial crisis


30/10/2018

Moody’s Analytics and PwC have teamed up to offer end-to-end actuarial, accounting and business expertise solutions to help insurers align with IFRS 17


30/10/2018

EIOPA is asking stakeholders for feedback on the envisaged approaches to assess the illiquidity characteristics of insurance liabilities, the actual holding periods of assets of insurers as well as the risks of holding assets over a longer term


29/10/2018

AXA has appointed Amelie Breitburd as chief financial officer (CF) of UK and Ireland, replacing Bertrand Poupart-Lafarge who was also interim CEO following the departure of Amanda Blanc


29/10/2018

The effects of the European Union’s (EU) 2016 Solvency II regulatory regime for insurers on policyholder protection needs to be better understood before considering any harmonisation of insurance guarantee schemes (IGS) at EU level, Insurance Europe has argued


26/10/2018

At a meeting earlier this week (24 October), the International Accounting Standards Board (IASB) agreed that changes would be “narrow in scope”, with a number of members arguing against compromising core principles of the standard


26/10/2018

The “reinsurer of the future” will need to embrace third-party capital and the insurance-linked securities (ILS) space, according to Everest Re executive vice president (EVP) and international department head Ron Diaz


25/10/2018

Insurance Europe yesterday said it supports the European Commission’s ‘Better Regulation’ agenda, but warned that “in many cases” stakeholders are not given enough time to provide input, while policymakers do not allow enough time to analyse and “take on board” the input given


25/10/2018

DWS Group and Generali Group have agreed to expand their existing cooperation on unit-linked products


25/10/2018

French life insurance net inflows for September 2018 were €900m, down from €2.4bn in August, according to latest figures published by the French Insurance Federation


24/10/2018

Swiss Re has appointed Tavazia Madzinga as the new CEO of the UK & Ireland (UKI) operation, which will come into effect from 1 January 2019


24/10/2018

AXA has signed an agreement with Canadian firm Fairfax Financial to divest its entire insurance business in Ukraine


23/10/2018

Insurance Europe’s Reinsurance Advisory Board (RAB) has written to the US National Association of Insurance Commissioners (NAIC) expressing concerns about NAIC’s draft implementation plans for the bilateral agreement on reinsurance prudential measures that the EU and US concluded in 2017


23/10/2018

Talanx Group has set itself an ambitious target for 2019, increasing its return on equity (RoE) target from 750 basis points to at least 800 basis points, while also raising its earnings per share by an average of at least 5% per year by 2022


June 2018

IAM reporter Oliver Wade talks to ABI director general Hugh Savill about the current major themes in the insurance industry


22/10/2018

The Prudential Regulation Authority (PRA) announced on 17 October 2018 that it will exempt small UK insurers from the requirement to have their annual Solvency and Financial Condition Report (SFCR) externally audited


22/10/2018

The three European Supervisory Authorities (ESAs), EBA, EIOPA and ESMA, have written to the European Financial Reporting Advisory Group (EFRAG) to “highlight the importance of replacing the current accounting standards” for insurance contracts


22/10/2018

The risk exposure of the European Union insurance sector remains stable overall, with macro risks continuing at a medium level amid continued economic recovery and less expansionary monetary policy, according to EIOPA’s latest Risk Dashboard


22/10/2018

An executive of the Swiss Re group has said that it expects the global reinsurance industry to consolidate, as the distinction between insurers and reinsurers becomes increasingly blurred


19/10/2018

Prudential Financial, which was previously labelled “too big to fail”, has been declared no longer a systemically important financial institution by the Financial Stability Oversight Council (FSOC)


19/10/2018

The Standard Club has today announced that it is withdrawing from underwriting at Lloyd’s from 2019


18/10/2018

In a recent release, the Prudential Regulation Authority (PRA) has proposed to extend the rule relating to individuals with FCA responsibilities (the ‘responsibilities overlap rule’) to Solvency II firms and large NDFs


18/10/2018

The UK’s transition out of the EU could be extended by “a matter of months” to ensure no hard border in Northern Ireland, Prime Minister Theresa May has said


17/10/2018

Insurance companies from all corners of the globe have urged the International Accounting Standards Board (IASB) to amend the accounting rules (IFRS 17) and extend its implementation deadline


17/10/2018

AXA XL has recently been granted permission from the Central Bank of Ireland (CBI) to move its EU business from the UK to Ireland in advance of the UK’s departure from the European Union on 29 March 2019


16/10/2018

Lloyd’s of London has appointed John Neal as its new CEO


16/10/2018

LV= General Insurance (LV=GI) has appointed former Ageas chief executive Barry Smith as its new chief executive


15/10/2018

Ascot Underwriting chief executive officer Andrew Brooks has been appointed the next chairman of the Lloyd’s Market Association (LMA) with effect from 1 January 2019


15/10/2018

The ABI has announced two new Board appointments – AXA UK and Ireland chief executive Claudio Gienal and Lloyds Banking Group general insurance and protection director Craig Thornton


15/10/2018

The PRA has today published a consultation paper on a draft supervisory statement (SS) relevant to all UK insurers setting out expectations regarding firms’ approaches to managing the financial risks from climate change


12/10/2018

Following the financial crisis, the past several years of extremely low interest rates and quantitative easing policies by the world’s major banks have “flushed global market with abundant liquidity”, leading to a “chase for yield” investment environment, according to BNP Paribas


12/10/2018

The Natural Capital Finance Alliance (NCFA), working alongside the Natural Capital Coalition and VBDO, today hosted the UK launch of a ground-breaking guide to help financial institutions understand and assess their reliance on ‘natural capital’, such as clean air, oceans and ecosystems


11/10/2018

Bermuda-based speciality insurance and reinsurance company Ascot Group has established a US division known as Ascot Insurance US


11/10/2018

Financial Services Compensation Scheme (FSCS) CEO Mark Neale has announced that he will step down from his position on 3 May 2019 after being in the organisation for nine years


10/10/2018

EIOPA has today reinforced cooperation in the supervision of cross-border insurance distribution by by publishing a Decision on the cooperation of national competent authorities (NCAs), replacing the former Luxembourg Protocol.

The Decision with regard to the supervision of cross-border insurance distribution activities of insurance undertakings and insurance intermediaries replaces the former Luxembourg Protocol which has to be substantially revised as a result of the new regulatory framework for insurance distribution activities under the Insurance Distribution Directive (IDD) and the recent supervisory experience with cross-border insurance distribution activities


10/10/2018

The profitability of London market insurers is to remain under pressure in 2018, despite rates having improved following the H2 2017 catastrophe losses, Fitch Ratings has said


09/10/2018

Lloyd’s is working on transferring all European Economic Area (EEA) business to Lloyd’s Brussels before the end of 2020 via a Part VII transfer


09/10/2018

Aviva CEO Mark Wilson has today stepped down


8/10/2018

Long term guarantees (LTG) measures under Solvency II, including the volatility adjustment, “may not work as intended” and “create competitive distortions in Europe”


08/10/2018

Outgoing Lloyd’s of London boss Inga Beale has said the insurance business is accelerating plans to bolster its Brussels subsidiary unit amid fears that Britain and the EU might not reach a post-Brexit trade deal


05/10/2018

Aegon’s subsidiary Transamerica has today announced an agreement worth $195m that would resolve litigation challenging certain monthly deduction rate adjustments on universal life insurance policies in the United States


05/10/2018

Lloyd’s has established a new insurance company based in Brussels (Lloyd’s Insurance Company S.A., known as Lloyd’s Brussels), to underwrite non-life insurance and facultative reinsurance risks located in EEA countries with effect from 1 January 2019


04/10/2018

Standard Life Aberdeen progressing with its share buyback programme, as it continues to spend millions on returning funds to shareholders in the company


04/10/2018

Investment fund assets worldwide increased 4.4 per cent at the end of the second quarter of 2018, the European Fund and Asset Management Association (EFAMA) said


03/10/2018

Insurance and reinsurance broker Willis Towers Watson (WTW) has recently acquired risk adviser and insurance broker Dero Courtage to increase its presence in the French market


03/10/2018

Recently, studies conducted by the European Financial Reporting Advisory Group (EFRAG), revealed there are problems with the way the new International Financial Reporting Standard (IFRS 17) depicts insurers’ performance and business model that must be resolved before the standard is endorsed


02/10/2018

Aegon Nederland has decided to sell its interests amounting to €7m in palm oil after 15 years, stating that the sector “is unable to implement improvements, keep to existing rules and bring in sanctions”


02/10/2018

Annual inflation in the OECD area was stable at 2.9% in August 2018


01/10/2018

Generali Real Estate has completed, on behalf of Generali Group’s GEIH (Generali Europe Investments Holding) Fund, the acquisition of a prime high-street retail asset in central Copenhagen, the first direct asset acquisition ever closed by the company in the Nordics real estate market


01/10/2018

The planned reorganisation of Generali Investments has today become operational resulting in two new asset management companies


27/09/2018

New Solvency II guidance has been published by the Bank of England (BoE), helping to simplify reporting and meet investor needs


27/09/2018

Finance leaders are joining world leaders from government and health today to launch The Tobacco-Free Finance Pledge


26/09/2018

Net inflows in the French life insurance market were €2.4bn in August 2018 down from €3bn the previous month


25/09/2018

The insurance industry plays a key role in de-risking infrastructure and mobilising long-term private capital to climate risk-resilient projects a group of decision makers and experts agreed at the Geneva Association’s 2018 Extreme Events and Climate Risk Forum, co-hosted by Intact Financial and Sun Life


25/09/2018

Dutch insurer Aegon has merged its subsidiaries, Arizona-based variable annuity captive with Transamerica Life Insurance Company (TLIC), a move expected to spark a one-time benefit to capital generation of around $1bn


24/09/2018

Aviva has informed customers it is transferring business to Ireland amid Brexit uncertainty


24/09/2018

Zurich will meet all the targets laid out in its business plan to 2019 and could even beat them, CEO Mario Greco said in an interview published in Italian newspaper La Reppublica


24/09/2018

The value of assets managed by regulated third-party managers in Europe grew 10% in 2017, to €25.2trn according to a report by the European Fund and Asset Management Association (EFAMA)


21/09/2018

The EIOPA Insurance and Reinsurance Stakeholder Group members have elected Greg van Elsen as it chair


21/09/2018

Lloyd’s of London’s aggregated market profit was £0.6bn for the first six months of 2018, down from £1.2bn in June 2017, according to its latest interim report


20/09/2018

Lloyds Banking Group is to reportedly set up a subsidiary in Luxembourg to allow it to serve life insurance customers in the EU after Brexit


19/09/2018

The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) are writing to the CEO’s of large banks and insurance companies in relation to the ongoing global benchmark reform effort mandated by the Financial Stability Board (FSB), specifically the transition from LIBOR to alternative rates


19/09/2018

The Financial Conduct Authority (FCA) has today announced that its remaining investigations into firms, following its thematic review into the fair treatment of longstanding customers in the life insurance sector, have each been closed


19/09/2018

Greenwich Associates has recently found that diminished liquidity in global bond markets is fuelling demand for fixed-income equity traded funds (ETFs) among institutional investors in Europe and the United States


18/09/2018

Marsh & McLennan Companies, Mercer’s parent company, has reached an agreement to purchase JLT for $5.6bn (£4.3bn)


18/09/2018

Aviva, has announced that it has successfully completed the share buyback programme which was notified to the market on 1 May 2018


17/09/2018

Two-thirds of Irish insurance leaders (66%) believe there are more threats to business growth compared to three years ago


17/09/2018

As the demand for ESG continues to grow from clients’, and following the strategic decision to integrate ESG analysis across its investment platforms, AXA Investment Managers (AXA IM) has announced it is moving to the next phase of its Responsible Investment (RI) capabilities


14/09/2018

Recently, Schroders ALM director Wojciech Herchel stated that the firm is seeing “continued interest from insurers in alternative income assets”, adding that the features are “cognisant” of Solvency II requirements


13/09/2018

The expectation of continued resilient performance is driving the stable outlook in the UK life insurance market, Moody’s Investors Service has stated


13/09/2018

Hanover Insurance Group is to sell Chaucer, its specialist insurance business, which underwrites risks at Lloyd’s, to China Reinsurance Group Corp for $950m, it has announced


13/09/2018

Lemonade, which has over $100m in investments, has become the first US insurer to commit to never invest in coal and urged others to follow suit


12/09/2018

The Insurance Asset Management Awards 2018 shortlist has been revealed


11/09/2018

The funds committed to fossil fuel divestment now total more than $6trn (£4.6trn), with nearly 1,000 institutional investors pledging to leave the asset class alone, according to a new report from Arabella Advisors


11/09/2018

A number of reinsurers’ policy loopholes are “keeping the coal industry afloat”, despite having the power to end coal support and support global climate action, Unfriend Coal has argued


10/09/2018

Pension Insurance Corporation Group (PICG) has recently announced its results for the first half of 2018, reporting a profit of £123m, compared with a year-end profit of £140m in 2017


10/09/2018

Consolidation of the global reinsurance industry will persevere, as intense market competition and capital levels drive mergers and acquisitions (M&A), while smaller players that lack scale and diversification see additional pressure on growth and profitability, said Fitch Ratings


10/09/2018

Asset owners that are hoping to succeed in a world of substantial changes in technology, demography, globalisation, environment and social norms will need to significantly reposition their business, operation and investment model, according to research from the Thinking Ahead Institute


07/09/2018

The RT1 sector is back in the spotlight and showing some “real relative value again”, according to TwentyFour Asset Management’s partner and portfolio manager Gary Kirk


07/09/2018

Ousted QBE insurance chief John Neal is being lined up to be new CEO of Lloyd’s of London


06/09/2018

Shareholders’ equity in 34 reinsurance companies tracked in the Willis Reinsurance Index totalled $364.9bn, a 1.6% decrease from $371bn at year-end 2017


06/09/2018

At present there is still “huge potential” within AIG’s portfolio for the use of a market in which investors trade assets tied to insurance liabilities


05/09/2018

The Board of Directors of the Swiss Financial Market Supervisory Authority FINMA has named Birgit Rutishauser as head of the insurance division and a member of the FINMA executive board


05/09/2018

RSA Insurance Group has today opened its new office in Luxembourg as part of its preparations for the UK’s exit from the European Union


05/09/2018

The European Financial Reporting Advisory Group has urged the IASB to re-consider a number of concerns raised associated with the implementation of IFRS 17, including balance sheet presentation and CSM amortisation


05/09/2018

Fitch Ratings has revised its outlook for the global reinsurance sector to stable from negative, on the belief that earnings have settled at a "new normal", with return on capital likely to be more modest but less volatile than before


04/09/2018

Sompo has announced the launch of its new subsidiary, SI Insurance (Europe), SA


04/09/2018

French reinsurer SCOR has spurned a $9.6bn takeover from Covea, it has emerged


04/09/2018

Reinsurance rates are likely to rise by under 5 per cent in 2019 as a result of strong competition in the market, S&P Global and Fitch have said


03/09/2018

Investing sustainably remains a minor factor in the investment decision-making process despite institutional investors’ expectations it will grow in importance, Schroders Institutional Investor Study 2018 has found


03/09/2018

US municipal bonds offer an attractive investment opportunity for European insurers’, according to Invesco


31/08/2018

French insurance company, Groupama, has witnessed a marked increase to €9.5bn in premium income (+3.6%) for property and casualty insurance and for life and health insurance


31/08/2018

The UN Environment’s Principles for Sustainable Insurance Initiative is delivering the Tobacco-Free Finance Pledge – spanning lending, insurance and investment, to further support the aims of the WHO Framework Convention on Tobacco Control and the UN Sustainable Development Goals (SDGs)


30/08/2018

The insurance unit of Brazil’s state-owned lender Caixa Economica Federal has agreed to create a new joint venture with France’s CNP Assurances SA to sell life insurance products in the bank’s more than 4,000 branches in the country


30/08/2018

French life insurance firms witnessed net inflows of €3bn for July 2018


29/08/2018

UK asset managers have three years to launch ETF strategies or else they run the risk of failing to get new products off the ground, HANetf has said


29/08/2018

Aspen Insurance Holdings has enters into a definitive agreement to be acquired by certain investment funds affiliated with Apollo Global Management in an all-cash transaction valued at $2.6bn


29/08/2018

The assessment of the unintended impacts of financial regulation should be carried out before regulation is implemented, not just afterwards, Insurance Europe has argued, and the necessary work for assessing whether a specific infrastructure asset qualifies for tailored prudential treatment is unnecessarily "extensive" and ""resource-intensive"


28/08/2018

Lloyd’s Market Association has named Sheila Cameron as its next CEO


28/08/2018

Sustainability-related regulatory requirements linked to an EU taxonomy for sustainability “should apply on a voluntary basis until all aspects of the taxonomy are sufficiently mature”, Insurance Europe has argued


28/08/2018

Vienna Insurance Group’s premiums have risen by 3.6% to around €5.2bn, with a group result before taxes increasing by 5.5% compared to the previous year to €232.7m


24/08/2018

The premium income of German primary insurance companies in 2017 amounted to almost €198bn, a 1.9 per cent rise from the previous year’s figure, according to trade body GDV


24/08/2018

Swiss Re has appointed Russell Higginbotham as CEO reinsurance EMEA, regional president EMEA and member of the group executive committee, effective 1 September 2018


23/08/2018

The government has today been urged to agree a Brexit deal as a “matter of urgency” by the ABI following today’s Financial Services technical notice


23/08/2018

Phoenix Group is expected to complete its acquisition of Standard Life Assurance on 31 August 2018, has announced £349m of cash generation in H1 2018 (H1 2017: £360m) and expects to exceed the upper end of its cash generation target of £1.0bn to £1.2bn between 2017 and 2018


22/08/2018

The global insurance sector has received an average overall score of 29.7, on a scale of 0 to 100, around its performance concerning ESG challenges and emerging issues


22/08/2018

Non-life insurers now hold 63% of their assets in either corporate or government bonds on an aggregate basis, 11% is held in collective investment undertakings and just 6% in equities


21/08/18

Ninety-nine per cent of non-life insurers can now cover their solvency capital requirements, but the quality of disclosures still leaves room for improvement with many firms falling short of the narrative requirements, or continuing to publish Quantitative Reporting Templates containing errors


21/08/18

PartnerRe Ireland Insurance dac (PRIID) and Partner Reinsurance Europe SE (PRESE) have been fined €1,540,000 by the Central Bank of Ireland in respect of breaches of Solvency II and the Corporate Governance Requirements for Insurance Undertakings 2015


21/08/18

The Prudential Regulation Authority (PRA) has published its supervisory disclosures in line with its obligations under Article 31(2) of the Solvency II Directive


21/08/18

Allianz Insurance has appointed Fernley Dyson to the position of chief financial officer, with effect from 1st January 2019


20/08/2018

Eighty per cent of Lloyd’s managing agents would like to see ILS products become a permanent fixture in the re/insurance market, according to a survey conducted by the Lloyd’s Market Association (LMA)


17/08/2018

The Retail Asset Management Awards 2019 is now open for entries


17/08/2018

Slovenia’s leading insurance group, Triglav, has generated profit before tax of of €35.6m and premium growth has been recorded in all insurance markets and all three insurance segments of the group, in addition to increasing the volume of assets under management


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


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