Of Special Interest


[x] [x]

19th April 2015

Newslink Trends: Global Insurance Analysis

This week, Quindell stayed in the news as a new Group Finance director was appointed, shareholders supported the disposal of its Professional Services Division to Slater & Gordon, and the national media reported that financier Edmund Truell had made an offer for its telematics business.
Aon Benfield reported that there was a record issuance of cat bonds for the first quarter, and Towers Watson and Confused.com reviewed the latest trends in premiums in the competitive UK motor insurance market. Insurance Europe warned of information overload for consumers as regulatory requirements continued to grow, and EIOPA published Opinion on Solvency II Internal Models.
Guy Carpenter and RMS both launched new models. msg global announced its Telematics Analyser, and The Floow has been short-listed for a prestiqious award for its telematics partnership in Norway with RSA subsidiary Codan. MicroStrategy announced that Admiral Group has chosen its Analytics Platform to integrate with its new administration system, PCIS ClaimsVISION was selected in in Alaska, and Sapiens reported on the "outstanding" benchmark exercise for its ALIS v6.5 life administration system. Xchanging said that the take up of its recently launched globalREmarket Placing Platform had exceed all expectations.
EXOR made an unexpected all-cash offer for PartnerRe who has been in definitive merger discussions with Axis Capital since January-the bid was noted by both reinsurers who will comment in due course. XL Group and Cobalt Underwriting launched the first Sharia-compliant product available through Lloyd's, Dual opened an office in The Netherlands, and Travelers acquired a majority stake in a Brazilian joint venture. Chaucer's UK motor insurance book is to be taken over by Markerstudy.
Vienna Insurance Group were happy with 2014 results. A new
Group chief executive was appointed at Old Mutual, Gallagher announced a new UK retail head, and Crawford created a new post of head of Global Markets, to be filled by svp Benedict Burke. Lloyd's appointed a Regional Director for Western US, and the cfo at Hiscox is to move to ICAP.
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