Life reinsurance

The Japanese big three have a long history of refusing to trade together. And in the past they have been pretty ruthless in cutting out reinsurers that are related to their rivals

The Japanese big three have a long history of refusing to trade together. And in the past they have been pretty ruthless in cutting out reinsurers that are related to their rivals

Japanese insurer MS&AD Insurance Group Holdings has agreed to invest up to £800mn ($1.04bn) in Swiss Re's UK closed life book consolidator ReAssure.

United Fire Group has agreed to sell a life subsidiary for $280mn in cash to Kuvare US Holdings, providing funds that may be used for share buybacks or future acquisitions.

Allianz has agreed to buy a majority stake in Nigerian multi-line insurer Ensure from Greenoaks Global Holdings to broaden its operations in Africa, the German financial giant said today.

A terrorist attack in Barcelona likely will not lead to large-scale payouts by insurers as a government-owned fund in Spain has taken on the role of covering such events.

AIG is said to be shopping a legacy book of life settlements valued at as much as $2bn, with private equity firms taking a serious look, as the giant multi-line insurer winds down a strategy of asset sales begun by former CEO Peter Hancock

Munich Re has struck a deal to cover the life insurance book of Iranian carrier Saman Insurance as the company seeks to re-establish a presence in the country following the end of sanctions last year

Aviva has agreed to sell its Asia and Middle East-focused life business Friends Provident to private equity-backed International Financial Group (IFG) for £340mn ($443mn).

Italian carrier Generali is gearing up sell its EUR44bn ($50bn) German life book, Reuters reported, citing sources close to the matter.

Aegon has closed the sale of most of its US run-off operations to Wilton Re

Amlin-owned insurance-linked securities (ILS) manager Leadenhall's support of InsurTech life insurance start-up Gryphon Group Holdings is connected to a reinsurance transaction, Trading Risk reported.