Of Special Interest

1st December 2013

Weekly Insurance Global Analysis

This week, Thanksgiving meant that announcements from the US were reduced, but the rest of the world made up for it.
Swiss Re's Global Review and Outlook was mainly positive on the growth front, and a survey by Towers Watson indicated that mergers and acquisitions by global insurers will increase.
A.M. Best looked at reinsurance in Bermuda and the US, Fitch reviewed the negative impact of European sovereign risk on Italian insurers, whilst Standard&Poor's examined the German market in a low interest environment.
EIOPA published survey results on crisis prevention, management, and resolution preparedness for national supervisory authorities, and the GFIA indicated support for governments working towards a Trade in International Services Agreement. The UK's regulator FCA is to review the workings of price comparison sites.
Asta has received Lloyd's approval for two new syndicates, Aetna moved for InterGlobal, and JLT acquired an employee benefit broker and consultant in South Africa. There are likely to be repercussions for RSA as its Irish ceo resigned in the midst of reviews into premium allocation and claims reserving in the country.
Leading software company Applied Systems is to be bought by investment funds advised by Hellman&Friedman. Agengyport's MGA solution was selected by WhiteOak Underwriting Agency, and Total Objects' applications went live at THB. The SSP/Wunelli telematics initiative has signed up its first two panel insurers, and Xactware is to collaborate with Rightmove to assist insurers to achieve speedier property claims settlement.
Xchanging is to move the location of its London office.
Towergate and the troubled Tower Group announced financials.
Articles on the above topics were amongst those added to the Insurance Newslink and Financial Newslink global databases this week at www.onlystrategic.com.