The Blockchain Insurance Industry Initiative B3i, which was launched in October 2016 to explore the potential use of distributed ledger technology, has grown to 15 members from its original five. Members of the B3i initiative are collaborating to explore the …
The number of live telematics policies in the UK exceeded three quarters of a million for the first time in 2016, according to annual research from the British Insurance Brokers’ Association (BIBA). The BIBA survey includes information from the leading …
Ageas has completed the purchase of AXA’s Portuguese operations, which has a non-life business, a direct/internet non-life business and a life business. AXA said the sale was completed for a total cash consideration of €189 million ($215.2 million). This transaction, …
Ageas UK has hired Cardinus Risk Management to provide both risk management survey software and on-site survey services to support commercial lines underwriting. Risk surveys, which are obtained by a visit to a client’s business, are an important part of …
Fitch Ratings has upgraded Ageas SA/NV’s long term Issuer Default Rating (IDR) to ‘A’ from ‘A-‘. The outlook on the IDR is stable. Ageas SA/NV is the ultimate holding company of the Ageas group (Ageas). Fitch has also affirmed Ageas …
Traditionally conservative European insurers and pension funds are turning increasingly to risky property bets on everything from new homes in provincial Britain to car parks at Brussels airport, as they feel the pinch from rock-bottom interest rates. While much is …
Towergate and its subsidiary Arista, a Lloyd’s coverholder, have formed a partnership with the insurer Ageas, which will provide capacity of £60 million ($82.9 million), each year for the next five years. The capacity will be used for Arista’s commercial …
AXA announced it has entered exclusive negotiations with Ageas for the potential sale of AXA’s Portuguese operations. These operations include AXA’s entire stake in AXA Portugal Companhia de Seguros SA (P&C business), AXA Portugal Companhia de Seguros de Vida SA …
European insurers posted strong increases in earnings in the third quarter, helped by a slump in payouts for catastrophe damage, rising premium income, cost cuts and a weaker euro. Besides losses from the Malaysia Airlines jet downed over Ukraine and …
Dutch-Belgian insurance group Ageas (the successor to Fortis) has confirmed that it has signed an agreement, through its UK subsidiary, to acquire Groupama Insurance Company Limited (GICL), the UK subsidiary of France’s Groupama, for a total consideration of £116 million …
