Legal & General selling general insurance business to Allianz for £242m…Keep up to date with the latest actuarial and business news in our weekly round-up…
Specialist commercial re/insurer International General Insurance (IGI) has joined GBN Worldwide; the global insurance network of insurance, reinsurers, independent brokers and speciality suppleirs.
Legal & General is to sell its general insurance business to Germany’s Allianz for £242m, it has been announced.
The increasing availability of genetic testing has been identified as a key risk for life insurers to be aware of; with considerable implications for data management and regulatory constraints.
Mactavish has revealed it is representing British Steel in a disputed £30m insurance claim with Zurich Insurance and other providers including Liberty.
The global reinsurance arm of broker Willis Towers Watson, Willis Re, has entered into a strategic partnership with InsurTech firm Concirrus to transform specialty re/insurance products by leveraging data from the Internet of Things.
Life expectancy assumptions in the UK will be back to the same levels last seen in 2009 by the end of the year, research by KPMG has uncovered.
Brokers Aon and Guy Carpenter have teamed up with The Institutes RiskStream Collaborative to streamline the reinsurance placement process using distributed ledger technology.
Global re/insurer AXA has rebranded its specialist parametric risk transfer division from AXA Global Parametrics to AXA Climate, and has also announced a number of new additions to its team.