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Risk & ERM
Value of European non-life run-off insurance market rises to 247bn euro
The value of the non-life European run-off insurance market has been estimated at 247bn (£181.6bn), 5bn (£3.7bn) more than in 2014.
28th September 2015
Swiss Re agrees to buy Guardian for £1.6bn
Swiss Re has agreed to acquire UK-based Guardian Financial Services for £1.6bn.
25th September 2015
Heineken signs £2.4bn longevity swap with Friends Life
Brewing firm Heineken has offloaded £2.4bn worth of risk associated with a defined benefit (DB) pension scheme in a longevity hedge with Friends Life.
16th September 2015
Economic losses for global drought expected to exceed $8bn in coming months
Worldwide economic drought losses are expected to surpass $8bn as El Niño continues to intensify in the coming months, according to a reinsurance broker.
4th September 2015
Lloyd's casualty reinsurance 'under pressure' with softer underwriting
The international casualty reinsurance industry is under considerable pressure because of softening terms and conditions in deals, according to Lloyd's underwriters.
1st September 2015
Axa in £2.8bn longevity swap deal with RGA
Axa UK has completed a longevity swap deal with Reinsurance Group of America (RGA) to manage its £2.8bn of pension liabilities in its defined benefit (DB) scheme.
20th July 2015
Munich Re takes number one spot in top 15 global reinsurers rankings
German reinsurer Munich Re is ranked first place amongst the top 15 global reinsurers, according to SNL Financial.
15th July 2015
Flood Re launches tender process for Europe's second biggest 'natural peril' reinsurance deal
Flood Re has begun the tender process to purchase reinsurance protection worth £2.1 billion a year.
7th July 2015
Four in 10 insurers may struggle to keep up with technological change
Some 40% of firms may not be spending enough on IT to meet future business and client demands, according to a study.
1st July 2015
Severe thunderstorms and flooding in May cost US insurers more than $1bn
Insurers face a payout of at least $1bn (£646m) for thunderstorms and major flooding in the US states of Texas and Oklahoma last month, according to Impact Forecasting, Aon Benfields catastrophe modelling unit.
11th June 2015