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12th April 2015

Newslink Trends: Global Insurance Analysis

This week, Towergate successfully completed its financial reconstruction and recapitalisation, ACE and Blackrock formed ABR Re, whilst Manulife and DBS Bank agreed a major 15 year distribution deal across four Asian countries. and Willis acquired in Mexico.
Standard & Poor's reviewed the French life insurance sector, Aon Benfield published its latest monthly Global Catastrophe Recap report, SNL Financial reported on significant swings in premium volumes amongst lloyd's Syndicates last year, and Timetric predicted that cyber protection insurance would play an increasing role in the UK SME insurance market.
The Chartered Insurance Institute(CII) released a pre-election manifesto highlighting five key areas for an incoming UK government to review in order the bridge the skills gap.
Xchanging announced that managing director of XIS and XCS, Max Pell, had resigned, and Rob Myers, global director of operations, will take on the additional role. Markerstudy has implemented a Cloudera-powered enterprise data hub, Transacter Global Solutions was selected by Regis Mutual Management, and esure chose Invoke e-Filing to generate Solvency II Pillar 3 quantitative reports.
Willis urged energy insurers to show innovation and widen the range of products. Accountants Moore Stephens with a long term involvement in the insurance industry, is to merge with mid-tier accountancy firm Chantrey Vellacott, and the Charles Taylor-managed Standard Syndicate opened for underwriting at Lloyd's. Financial advisors deVere Group won a global award. Hasting Insurance Group produced strong growth last year, and there were senior appointments at Marsh Ltd and Tokio Marine Kiln. Aegon is to propose at its upcoming AGM that ceo Alex Wynaendts is re-appointed for a further four years, and there will be a ballot for places on the Lloyd's Marketing Association(LMA) Board-the first contested annual election for three years.
Articles on the above topics are included in those added to the Insurance Newslink and Financial Newslink global database service on Wednesday and today at www.onlystrategic.com