The Spanish subsidiary of the American multinational insurance corporation AIG has promoted Rafael García from senior subscriber to credit profit centre manager, to be responsible for the unit’s business development. García (pictured), based in Madrid, will be working to achieve the expansion’s objectives set by the business, while co-managing (alongside the business development team) certain […]
Societe Generale Securities Services added three members to its UK team based in London. Moving from SS&C Globe Op, Sarjbit Panesar has been appointed global head of Business Development for the insurance sector. He will responsible for developing business solutions aimed at a clientele of insurance companies and asset managers managing insurance assets. Stephen Donnet […]
Lombard Odier Investment Managers has announced the appointment of Mats Langensjö to grow its advisory offering to clients in the insurance and pensions industry, with a focus on the Nordic region, effective 1 December 2014. Langensjö will be based in London and report to Hubert Keller, CEO of LOIM and a managing partner of Lombard […]
Insurance companies are well placed to fill a $500bn annual gap between infrastructure investment needs and the lending available from traditional sources such as banks, according to research published by S&P RatingsDirect.
Senior industry figures are expecting more institutional investors to allocate to the ILS asset class following recent broker predictions that the catastrophe reinsurance capacity is expected to double and reach $100 billion in the next few years, the latest Clear Path Analysis research has showed.
The insurance provider Apsley Speciality (Apsley) has joined forces with global reinsurer PartnerRe in order to launch a specialist underwriting service for the hedge fund sector dealing with AIFM requirements. The agreement between the two parties was signed in late 2013, PartnerRe will be capacity provider for the project.
Italy’s Pramerica Life has launched Infinitive Convertible Term, a policy that liquidates assets in case of the subscriber’s death or impeding disability.
Italy’s Unipol has received a number of offers for the assets it will be forced to sell in order to complete a three way merger with Fondiaria-SAI, expected to be completed by July 2013 and which will create Italy’s second insurer.
The handover of a report to Swedish Financial Markets minister Peter Norman into the rights of those investing and saving through the domestic life insurance industry has been welcomed by Skandia.
France’s insurance group AXA is understood to be ready to bid for portfolio assets that Italian insurers Unipol and Fondiaria-SAI will be forced to sell, as part of a four-way merger under implementation between the companies.
Growth through mergers and acquisitions will be key in order to guarantee the competitiveness of Italy’s insurance companies on the international stage, according to Carlo Cimbri, chief executive at Italian insurer Unipol.
Italy’s Premafin Finanziaria has appointed Roberto Giay as chief executive of the holding.
Giay has been head of legal and compliance at Ugf since 2003 and he is also member of Unipol’s compliance board.