Of Special Interest

13th October 2013

The Global Insurance Week

This week, the IAIS announced it is to develop a risk-based global insurance capital standard, the Global Federation of Insurance Associations(GFIA) issued its first annual report, and EIOPA laid out its programme for 2014, and its 2014/5 action plan for Colleges of supervisors focusing on Solvency II requirements.
ACE released a survey on diversity in risk and insurance at the recent FERMA Forum, whilst A.M.Best looked at the top European insurers' appproach to emerging markets, and US p&c insurers first half. Willis predicted a buyers market in the US next year, Conning examined US p&c stock valuations, and Milliman published the results of its life insurer modelling survey.
Ambant Underwriting Services was launched in London, Goldman Sachs bought 50% of the voting share capital in Hastings Group, and Markel moved for Abbey Protection. The LMA received market support for its role, Chesnara is to acquire Direct Line's closed life book, and Tryg announced third quarter results.
Quindell revealed a major contract with Direct Line and other new business, Guidewire launched a new version of its
Insurance Suite, iPartners deployed its BI solution in Colorado, and Northdoor was selected by a new Lloyd's syndicate. Cover-All and MFX are to collaborate on a SaaS offering, and Sapiens signed up COUNTRY Financial in the US. Defaqto revealed a big increase in telematics producks in the UK.
The Managing General Agents' Association(MGAA) appointed its first managing director, and Ergo's Chief Risk Officer moved over to Munich Re.