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AXA S.A. receives regulatory approval to operate as a licensed reinsurer

by AIP Online Bureau | May 12, 2022 | International News, Non-Life, Reinsurance

The transformation of AXA S.A into the group’s internal reinsurer aims to enhance capital fungibility across AXA Group** , in line with AXA’s capital management policy Paris: AXA announced that AXA S.A., the holding company of AXA Group, has obtained its reinsurance...

Lloyd’s of London AGM goes virtual on activist threat

by AIP Online Bureau | May 12, 2022 | Climate, Environment, Renewable Energy, Non-Life, Reinsurance

Since Lloyd’s sent out invitations for the May 19 AGM on April 19, “the risk of disruption has significantly increased,” Chairman Bruce Carnegie-Brown said in a notice on the market’s website dated May 10 London: Commercial insurance market Lloyd’s of London is...

Allianz sets another $2 billion over US fund debacle

by AIP Online Bureau | May 12, 2022 | International News, Wealth Management/ Philanthropy

The collapse of a $15 billion set of investment funds during the pandemic market turmoil in early 2020 has cast a long shadow over Germany’s most valuable financial firm and one of the world’s largest asset managers The collapse of the funds has been under...

Zurich to sell a portfolio of German life insurance policies to Cinven’s Viridium Group

by AIP Online Bureau | May 12, 2022 | International News, Life

French insurer AXA SA is also exploring a sale of German life insurance assets, people with knowledge of the matter said. The portfolio has attracted interest from suitors including Apollo Global Management Inc.’s Athora arm, according to the people Zurich Insurance...

Howden acquires Singapore based AEGIS Insurance Agencies Pte

by AIP Online Bureau | May 12, 2022 | Intermediaries, International News, Non-Life, Regulation

Goh Chye Huat, CEO, Howden Asia, said: “The acquisition of AEGIS reflects our broader strategy of empowering local teams to partner with culturally aligned companies with a shared entrepreneurial culture, and is a further step in our strategy to enhance our...
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