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…

IGI joins global insurance and reinsurance network GBN Worldwide

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 selling general insurance business to Allianz for £242m

Legal & General is to sell its general insurance business to Germany’s Allianz for £242m, it has been announced.

Genetic testing among the top emerging risks facing insurers worldwide

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 chases “ultimate failure” £30m British Steel claim

Mactavish has revealed it is representing British Steel in a disputed £30m insurance claim with Zurich Insurance and other providers including Liberty.

Willis Re & Concirrus partner on specialty re/insurance using IoT

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.

‘Lost Decade’ of life expectancy improvements uncovered

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.

Aon, Guy Carpenter partner on blockchain initiative to streamline reinsurance placement

Brokers Aon and Guy Carpenter have teamed up with The Institutes RiskStream Collaborative to streamline the reinsurance placement process using distributed ledger technology.

AXA unveils rebranding of parametric insurance unit to AXA Climate

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.

Legal & General selling general insurance business to Allianz for £242m...

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