Life reinsurance

The latest Sigma report said premium growth is shifting east to Asia, while the US remains the largest market.

The closed life insurance unit will be floated on the LSE’s main market.

Along with co-investor MS&AD, the reinsurer will increase the unit’s capital by more than $610mn ahead of listing.

The French insurer holds just over 48 percent of New York-listed Axa Equitable Holdings.

The acquisition takes Zurich’s share of the Australian retail life market to around 20 percent.

An arbitrator ruled the buyout firm is owed $1.2mn for ex-employees’ use of confidential information.

The executive becomes UK and Ireland leader for P&C and life within the broker’s insurance consulting and technology operation.

The money will be put to work to back Athene, Athora and Catalina.

With two consecutive years of heavy catastrophe losses, it’s clear why Swiss Re won’t throw caution to the wind – even though the days when it went cap in hand to Warren Buffett are long gone.

Axa is set to cut its stake in US life subsidiary Axa Equitable Holdings to under 50 percent.

The German carrier’s deal with Bulgaria’s Euroins follows an agreement to divest Russian operations.

The broker joins the special contingency risks unit