Legal & General Assurance Society Limited announced that it has completed a GBP230 million buy-in for all the pensioner and deferred members of the Howden Group Pension Plan, covering nearly 2,000 members in total – with around 2/3 being current pensioners. This transaction for the Howden Plan follows on from...
National Friendly has decided to offer cover for mental health care, a line of business that is not often visited by insurance companies. Statistics published by the Mental Health Foundation, the UK’s charity for mental health, suggest that in England, women are more likely than men to have a common mental health problem...
Allianz, Generali and Liberty Mutual are bidding against each other to invest in the bancassurance arm of Spanish banking organisation BBVA, according to a Reuters report. The sale is reportedly let by Bank of America and kicked off towards the end of 2018. It will comprise of a joint venture...
GC Securities has announced the placement of GBP75,000,000 Series 2019 Principal At-Risk Variable Rate Notes issued through Baltic PCC Limited, a protected cell company domiciled in the UK, on behalf of Pool Re. The cat bond provides multi-year, indemnity retrocession protection for terrorism risk in the UK and breaks new...
Mapfre’s recent research into global health systems has shown that Japan and Singapore possess the best health systems with respect to a variety of parameters. The Health systems: a global analysis report, prepared by Mapfre Economic Research, has identified key elements regarded as best-practices, such as: medium- and long-term savings...
UK broker businesses are growing increasingly concerned about Brexit uncertainty and the economic climate – but won’t let this affect their plans for growth, according to Aviva’s latest Broker Barometer survey. Significantly fewer brokers feel the economic climate is having a positive impact than six months previously, according to new research by Aviva....
The recently proposed Insurance (Amendment) Bill has suggested that a two per cent levy be added to insurance policies to provide funds that can be used in the event of an insurance company’s collapse. The Bill provides for the transfer of the Insurance Compensation Fund to the Central Bank and...
Athora Holding Ltd. has announced that it has completed the acquisition of Generali Belgium SA / NV. The final consideration paid is approximately EUR540 million. The Company will be rebranded to Athora Belgium prior to the end of the second quarter of 2019. Athora Group managing partner Michele Bareggi stated:...
ArgoGlobal Assicurazioni S.p.A, member of Argo Group International Holdings, Ltd. is working with Axieme, a specialised broker connected to digital platform Jobby, to respond to a need for on-demand, pay-as-you-go insurance for temporary and short-term workers in Italy. “The growth of the gig economy has created a shifting and unpredictable...
Germany and China have signed agreements to strengthen coordination in banking, finance and capital markets, and pledged to further open market access and deepen cooperation to broaden economic ties. The agreements were reached between German finance minister Olaf Scholz for talks with vice premier Liu He, who is president Xi...
