- Newslink Global Insurance Trends-The Week
- Swiss Re Sigma reports natural catastrophes accounted for $40bn economic losses in H1 2019- down from $45bn a year earlier-insured losses were $19bn($26bn)
- Global reinsurance experts urge investment in open-source risk models as part of climate adaptation strategy
- J.D. Power latest study says Small US business owners have never been more satisfied with their insurance providers
- Marsh research indicates that warranty and indemnity (W&I) claims notifications across EMEA have increased significantly since 2016
- "Treat artificial intelligence(AI) with caution" says Pega's Tarquini
- AIR Worldwide estimates insured losses in China from Typhoon Lekima to exceed CNY6bn expired
- Prudential Asian growth continues as it prepares for demerger expired
- M&GPrudential intends to list shares under M&G plc after the demerger from Prudential plc expired
- Admiral CEO Stevens comments on latest financials expired
- AIG appoints Olsen from Munich Re as Chief Actuary, General Insurance expired
- Aspen's Cloutier comments “We continue to see improvement in our underwriting performance" at half way expired
9th June 2019
Swiss Re subsidiary Reassure Group considering proceeding with an initial public offering (IPO)
Swiss Re has reported that its subsidiary, ReAssure Group, is considering proceeding with an initial public offering (IPO) pending the approval of the UK Financial Conduct Authority. Publication of the registration document is the first step toward the potential listing of ReAssure ordinary shares on the main market of the London Stock Exchange.
Swiss Re announced in August 2018 that it was exploring a possible IPO of ReAssure, the business that focuses exclusively on the acquisition and management of closed books of life insurance policies. Should ReAssure proceed with the IPO, Swiss Re would seek to reduce its stake to below 50% from 75% currently.
In preparation for the planned IPO, ReAssure has been reorganised into a standalone group. As part of that process, a more efficient and appropriate capital structure for ReAssure will be put in place, which will include a net increase of £481m in ReAssure's capital position by its two shareholders(Swiss Re and MS&AD Insurance Group Holdings Inc) in proportion to their current holdings.
Swiss Re Trends(698 articles)