Life
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The Insurance Collaboration to Save Lives is seeking life insurers to join an effort to deploy proactive health screening to reduce excess mortality. -
Prior to securing the top A&H job, Andrew Maynard was global product lead for wholesale life and A&H.
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The Berkshire Hathaway-owned carrier is looking to make “major contributions” to the region.
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The transaction will near-double the size of Chubb’s A&H book and increase its Asia premium from $4bn to $7bn.
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The executive has worked for Ergo, Direct Line and Generali.
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The deal, pitched at a multiple of 12.2x 2019 earnings, follows disposal agreements for Axa in the Gulf, central and eastern Europe and India.
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The investor wants the Finnish insurer to build on this week’s sell-down of Nordea Bank shares with further divestments.
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Carriers expect only marginal gains and remain concerned that the UK overhaul will jeopardise equivalence.
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The Japanese reinsurer already offers P&C cover out of its Zurich subsidiary.
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The carrier is undergoing a strategic review of its business operations under new CEO Amanda Blanc.
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The German carrier and the Apollo-backed life insurer team up for a bid which could be worth an estimated $2.3bn-$3.5bn.
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Swiss Re, ReAssure’s previous majority holder, now holds a 13.3% stake in the listed buyer.
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