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UK High Court blocks Prudential-Rothesay Life £12bn annuity transfer
The deal had been part of Prudential’s plans to separate its UK and European business
Nat cats cost insurers $15bn in H1
Insured losses for nat cats in H1 were half of the 10-year average
Prudential to complete demerger by Q4
The UK insurer's chief executive has also dodged giving a view on the Hong Kong protests
Legal & General completes Hitachi Data Systems bulk annuity deal
This is the third buy-in deal between Legal & General and the Hitachi plan
Admiral bemoans Ogden impact in H1
The UK motor and home insurer expects to be hit between £50m -£60m from the Ogden rate change
Get your free entry in InsuranceERM's 2019-2020 Technology Guide
Basic entry is free of charge and the deadline for entries is Thursday 15 August
Insurtech roundup: Arturo; Trov; Greenlight Re; Canopius
InsuranceERM rounds up the latest developments in the fast-moving world of insurtech
Mortality reserving windfalls: a reversal of fortune?
UK life insurers have enjoyed several years of unexpected profits thanks to the slowdown of mortality improvements, but recent statistics hint this trend may be about to reverse. Cintia Cheong reports
Property catastrophe reinsurance rates up 15-25% after 2018 losses
Reinsurance sector remains resilient, says S&P
Rothesay Life seals £520m buy-in with Cadbury Mondelēz Pension Fund
It is the second tranche of de-risking undertaken by the pension scheme