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Insurance
Zurich Insurance Group has entered into an agreement to acquire 100 percent of ANZ’s life insurance businesses, OnePath Life, in Australia for $2.14 billion (AUD 2.85 billion) to become the country’s largest retail life insurer. 12 December 2017
Insurance
RenaissanceRe Holdings and Validus Holdings registered the highest combined ratios in the first nine months of 2017, according to Fitch Ratings. 12 December 2017
Insurance
German insurance group Talanx has coordinated €832 million of senior bond financing to the Borkum Riffgrund 2 offshore wind farm to boost yields in the current low-interest rate environment. 12 December 2017
Insurance
Insurtech firm Quantemplate has received £2.5 million of new capital to accelerate its expansion plans while appointing David Lundgren as CEO and board director. 12 December 2017
Insurance
Sompo Holdings plans to grow its business organically and through acquisitions in order to become a top 10 global insurance group in terms of earnings and return on equity (ROE) after 2020. 12 December 2017
Insurance
The Hartford, a US-based property/casualty insurer, has appointed Stephanie Bush to lead personal lines, replacing Ray Sprague, who is retiring after a 30-year career with the company. 12 December 2017
Insurance
AM Best has revised the outlooks for the main non-life insurance subsidiaries of Zurich Insurance Group to stable from negative following corrective actions by the management on the group’s property & casualty (P&C) operations. 11 December 2017
Insurance
New products based on technology and data are increasingly being brought to market, while claims processes are being sped up through technologies such as blockchain, freeing up capabilities for new services, according to panellists at an Intelligent Insurer roundtable sponsored by S&P Global Ratings at October’s Baden-Baden Reinsurance Meeting. 10 December 2017
Insurance
US insurers are generally welcoming the corporate tax reform but are cautious against unintended consequences, according to analysts from research firm CreditSights. 8 December 2017
News
The significant third quarter 2017 catastrophe losses will push the global reinsurance sector to an underwriting loss for the year, according to Fitch Ratings. 8 December 2017
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