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News

NN addresses solvency volatility from Dutch mortgage spreads

Valuation changes or internal model mechanisms are being considered

Aviva's group CRO exits, interim appointed

The insurer's group enterprise risk director has also departed

Aegon drops plan to reinsure US variable annuity portfolio

Dutch group also completes internal reinsurance transaction for Transamerica Life Bermuda

Direct Line sees motor claims inflation running at 10%

UK court delays are slowing release of prior-year reserves

Korean life insurers delay perpetual bond calls

Country's life industry also facing liquidity crunch as policyholders lapse

Don't call in cheap debt, regulator warns insurers

Widening credit spreads means insurers' new issuance is more expensive

Insurance Risk & Capital EMEA conference - early bird discount ends today

The conference will be held on 1 December at the Hilton Tower Bridge in London.

ASR takes on Aegon's Dutch operations in €4.9bn cash-and-share deal

ASR-Aegon combination will create second largest insurer in the Netherlands

Eurovita ordered to raise €250m capital - report

Private equity owner Cinven reportedly seeking bidders for the Italian life insurer

InsuranceERM's Technology Guide 2022-23 goes live

The guide lists over 110 risk, capital and modelling technology tools from 50 international vendors

European life M&A transaction value reaches $639bn

Fitch Ratings observes geographic shift in leading deal locations

Ageas to open internal reinsurer to third-party clients

Belgian insurer sees benefits from greater diversification

Ten steps to help win an InsuranceERM Award

Deadline for entries is Friday 8 April

Mena insurers exhibit "shortcomings" in ERM practices

AM Best report says Middle East and North Africa firms making steady improvements

Analysis

Gilts crash: a boon out of a crisis for insurers

Another day, another UK financial market crash. But while it has gone wrong for British politics and pension funds, the current crisis may actually benefit insurers in the long run. Ronan McCaughey and Sarfraz Thind report

Plenty of runway left for life consolidation in Europe

The business of consolidating life insurance portfolios is looking healthy, according to participants, as inflation provides a catalyst and supervisors become more familiar with transactions. Joshua Geer reports

PRT market set for a blazing H2

The UK's pension risk transfer market (PRT) is on course for a very busy second half of the year, after relatively modest activity in H1. Solvency II reforms are also likely to impact the sector, as Ronan McCaughey explains

Japan steps forward with ICS-based capital framework

Japan is midway through development of a new capital framework that takes its lead from the Insurance Capital Standard. This should make it a beacon for international prudential rules, as the FSA's Shigeru Ariizumi explains to Sarfraz Thind

ALM and capital management under Hong Kong's RBC

Richard Chan, Hong Kong chief investment officer and Asia head of ALM at Axa, discusses Hong Kong's forthcoming risk-based capital regime and how insurers will respond

Bigger does not mean better for insurers

Expanding an insurance business in good times typically meant growing profits. In today's tougher economic environment, Europe's largest insurers are being much more prudent about spending capital, and are only considering very careful expansion, as David Walker writes