Of Special Interest


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30th August 2015

Newslink Trends: Weekly Global Insurance Analysis

This week,Innovation Group accepted a £499m offer from US private equity company Carlyle, and it looks very likely that Zurich will acquire RSA as a possible offer was welcomed and the discussion deadline extended.
As Solvency II looms, Insurance Europe warned that although most insurers were on track, late requirements could cause pressure-the trade body also responded to the IAIS consultation on higher loss absorbency for G-SIIs.
With the Monte Carlo Rendezvous coming up in a couple of weeks, Standard & Poor's followed up earlier reports with a review of reinsurers' investment trends, whilst Fitch looked at the state of the market, and also explored growth opportunities in the Latin American reinsurance market. The Association of British Insurers(ABI) revealed an increase in the take up of UK trade credit insurance last year. Online insurance business in China boomed with mid year premiums almost as high as the whole of 2014.
Accenture opened its second Insurance Digital Solution Center-in Chicago, ValueMomentum launched a new version of its DealFountry commercial lines agent portal, and Tryg chose Genpact to reimage its core applications. UK broker One Call launched a new telematics solution developed by SSP and Wunelli after a successful trial, and RMS conducted risk analysis for a new Turkish catastrophe bond.
Gallagher announced that it had settled compensation and dates for the release of David Ross and others to join Towergate-Towergate's interim ceo reported on its half year position. Integro moved for a London-based MGA. Nippon Life is in talks with Mitsui Life and also is showing interest in National Australia life. On the results from, Amlin had a solid half, Ecclesiastical performed well, and Hastings Group reported a considerable growth in customers. IAG's ceo said the company was well positioned, PZU produced record half year results, and Vienna Insurance Group highlighted profitable underwriting.
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