Life reinsurance
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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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The reinsurer will disband its life capital unit, making digital platform iptiQ standalone, as the unit's chief moves to the CUO role.
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Citigroup and RBC note the reinsurer’s strong solvency position.
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Reserve strengthening across the unit housing Antares pushes the underwriting ratio further into the red.
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The World Bank's pandemic insurance bond covers the virus, and is designed to trigger if deaths impact multiple nations.
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The City veteran says CEO Tulloch’s boardroom “refreshment” means it’s time for a new chairman.
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Regulators need time to approve new information following the sale of Genworth MI Canada.
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The deal includes Security Life of Denver and Midwestern United.
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The cash-and-stock transaction values the closed life group at the top end of the range implied in an abortive IPO.
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The former UK life sciences manager replaces Karen Strong, who has left the business.
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