Life back-book consolidators shrug off threat from rising rates

Rising interest rates are unlikely to stop life insurers from selling their legacy liabilities to consolidators, as many other incentives for doing deals remain. David Walker reports


Axa reworked entire German life portfolio ahead of Athora sale

Axa Deutschland's SFCR said partial guarantees now "the new market standard"


Direct Line cancels share buyback as inflation worries mount

UK motor insurer's solvency drops 26pp in six months


Axa inks €660m deal with Athora for €16bn German life book sale

Deferred annuities and endowments had average guarantee of 3.2%


Rising interest rates unlikely to deter life back-book sellers, says Moody's

Jefferies urging Axa to consider German legacy life book sale


Allianz's average life guarantee falls one-third since 2011

Moody's says Structured Alpha hedge funds costs are "digested," and raises group's outlook


Widening spreads hit UK motor insurers' solvency ratios

Investment bank Jefferies says market dynamics are impeding UK motor insurers


Australia's Suncorp considering sale of bank unit

Divestment would be latest in long line of such divisions


UK Solvency II reforms warmly welcomed by life insurers

The changes would include cuts to the risk margin for life insurers of 60-70%, while capital held by life insurers could be slashed by 15%. Paul Walsh and Cintia Cheong get the market's reaction


Beazley storms back to profit while cutting cyber exposure

Cyber exposure was reduced but premiums increased