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.
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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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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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Jenny Yu, who was at the German reinsurer for nine years, will join the broker in January.
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The Sigma report said the expansion will be led by China.
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The executive took over the finance role from Tom Stoddard in July.
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Singaporean and Vietnamese businesses are reportedly in scope for disposal.
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The state-established company will take control of the P&C, life, pension and asset management operations.
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The business is likely to be valued at around $500mn, according to market sources.
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Practice group chairman Roger Smith says the unit will help the broker respond to clients’ needs strategically.
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The development follows Aviva’s review of its Asian life, general and health insurance unit.
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The acquisition from Quilter will add £12bn in assets to ReAssure’s platform.
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The CFO tells analysts the US MidCorp business will come under particular scrutiny.
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The UK’s Aviva is considering putting its Asian division up for sale, the Business Times of Singapore reported.
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The exercise of the over-allotment option follows the sale of $834mn of shares in June.
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The latest Sigma report said premium growth is shifting east to Asia, while the US remains the largest market.
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The closed life insurance unit will be floated on the LSE’s main market.
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Along with co-investor MS&AD, the reinsurer will increase the unit’s capital by more than $610mn ahead of listing.
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The French insurer holds just over 48 percent of New York-listed Axa Equitable Holdings.
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The acquisition takes Zurich’s share of the Australian retail life market to around 20 percent.
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An arbitrator ruled the buyout firm is owed $1.2mn for ex-employees’ use of confidential information.
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The executive becomes UK and Ireland leader for P&C and life within the broker’s insurance consulting and technology operation.
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The money will be put to work to back Athene, Athora and Catalina.
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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.
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Axa is set to cut its stake in US life subsidiary Axa Equitable Holdings to under 50 percent.
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The German carrier’s deal with Bulgaria’s Euroins follows an agreement to divest Russian operations.
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The broker joins the special contingency risks unit
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Axa XL was in the headlines yesterday for making up to 7.5 percent of its workforce redundant.
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Herbie Lloyd and Andrea Cavalleri have been named co-CIOs for non-life and life business respectively.
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The Brazilian unit of AGCS and the London market has exposure to the loss, sources said.
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