Large UK Insurers to Report Daily Cash Positions During Crises Under New Proposals December 11, 2024 Large British life insurers would need to report their liquidity positions daily during market crises under new rules proposed on...
PE Firm Cinven Eyes Sale of German Life Insurer Viridium: Sources October 3, 2023 By Pablo Mayo Cerqueiro, Amy-Jo Crowley and Alexander Hübner Cinven is considering a sale of German life insurer Viridium after another of its insurance investments in Europe, Eurovita, was...
Cinven Buys Back Eurovita Bonds to Help Avoid Messy Liquidation of Its Insurer: Source September 27, 2023 By Valentina Za and Emilio Parodi Private equity firm Cinven has agreed to buy back 160 million euros ($170 million) of debt sold by its insurer...
Italy Prosecutors Probe False Accounting Allegations Related to Insurer Eurovita: Source June 30, 2023 By Emilio Parodi Prosecutors in Milan are probing allegations of false accounting in relation to the crisis of Italian life insurer Eurovita, a...
Canadian Life Insurers to See Double-Digit Profit Drop in Q2 on COVID-19 Impact July 31, 2020 By Nichola Saminather Canadian life insurers are set to see double-digit earnings decreases in the second quarter as the pandemic-induced economic slowdown has...
South Korean Insurers Hit Hard by Evaporating Investment Returns March 30, 2020 By Heejin Kim and Whanwoong Choi Insurers the world over have been walloped by evaporating investment returns, but those in South Korea have been hit particularly...
Australia’s AMP to Sell Life Insurance Arm at Discount, as Funds Bleed Cash October 25, 2018 By Tom Westbrook and Paulina Duran Australia’s largest wealth manager AMP Ltd said on Thursday it would sell its life insurance arm at a discount and...
AIG to Pay $11M Multi-State Settlement Over Life Policies October 22, 2012 Insurer American International Group Inc. has agreed to an $11 million settlement with a group of states over its claims...
Weak Markets to Hobble Canadian Insurer Results October 24, 2011 By Cameron French Canadian insurers are looking at a bleak quarter of financial results due to a sharp drop in stock markets and...
How Federal Reserve’s Move Hurts Life Insurers September 22, 2011 By Ben Berkowitz The Federal Reserve’s latest move to stimulate credit for consumers and businesses, known as Operation Twist, is likely to threaten...