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8th May 2016

Newslink Global Insurance Trends

This week, Swiss Re published a new sigma report which identified 21 frontier markets worlwide, and Willis Towers Watson, in its 2016 Global Medical Trends, highlighted the increase in the cost of health insurance. Standard & Poor's looked at the potential impact of climate change on financial services companies, and Marsh released its 2016 Captive Benchmarking Report. The International Underwriting Association(IUA) polled its members who favour staying in the EU, and the Association of British Insurers(ABI) warned on the growth of automated cars.
The CSC takeover of Xchanging was finalised. Sequel won an Insurance Times award for its Claims solution, and appointed a coo. Fadata named a cfo, and Transactor is supporting a new telematics app from Adrian Flux. Sapiens announced the latest version of its DECISION Manager.
AXA UK continued its exit plan from the life sector by agreeing to sell its wrap platform business to Standard Life, and Aegon is to take over Blackrock's Defined Contribution platform and administration business. There was a spate of first quarter results and Interim Management Statements-Amongst them were AIG(impacted by investment volatility), who sold $1.25bn worth of shares in China's PICC, CNA(net and operating income down), The Hanover(operating income per share improved), Manulife(boosted net income), Mapfre(a strong quarter), Direct Line("top line growth"), esure("on track"), Hastings(good growth continues), and RSA("year started well").
Capsicum Re launched a Latin Americam arm, and Everest Re appointed an md for Continental Europe. Endurance Specialty(net income up following integration of Montpelier Re), Lancashire Holdings(profits down), PartnerRe("a solid quarter"), Validus(Holding up well), and White Mountains("good start") provided an update, as did Beazley(premium growth) and Markel(income up). Everest Re appointed an md for Continental Europe.
Articles on the above topics are included in those added to the Insurance Newslink and Financial Newslink global trends database services last Wednesday and today at www.onlystrategic.com-featuring advanced structured search and report facilities and a free 14 day full trial.