Global insurance trends

Old Mutual Commits To Invest Long-Term in South Africa at Davos WEF

Insurer Old Mutual has been attending Davos, and issued a press release pledging its money and resources to develop the economy in South Africa. Here’s the latest; At the start of a new decade, the […]

Insurance Brokers

NFU Mutual Launches Bespoke, Stand-Alone Brand Aimed at HNW Market

With High St bank interest rates still pitifully low, some might say an insult, many people are putting some of their savings into classic cars, guitars, boats, Swiss watches, antiques, wine or art. Of course […]

Insurance Regulation

Aviva Investors Joins International Co-Op & Mutual Federation

Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has been approved as a member of the International Cooperative and Mutual Insurance Federation (‘ICMIF’), the global representative body of the cooperative and mutual insurance sector. […]

Insurance & Reinsurance

Liberty Mutual Joins the Flight From Coal, As Activists Target Insurers

Global insurer Liberty Mutual has announced a new policy that restricts coal insurance and investing. The announcement comes as the global climate movement is increasingly turning its focus on the insurance industry as a major […]

Insurance & Reinsurance

Willis Re Arranges Reinsurance Cover For Covea Mutual

Willis Re Securities, part of Willis Re, the reinsurance division of  Willis Towers Watson, a leading global advisory, broking and solutions company, today announced that it has structured and placed EUR 120 million of insurance-linked […]

Insurance & Reinsurance

Mutual Insurance CEO Paid Wife £52K for Admin Work, FCA Takes Action

Latest news direct from the FCA; The Financial Conduct Authority (‘FCA’) and the Prudential Regulation Authority (‘PRA’) have decided to ban and fine Stuart Malcolm Forsyth, the former CEO of a small mutual insurer, £78,318 […]

Technology

Farmers Union Mutual Ditches 30-Year Old Legacy System, Chooses Sapiens

 Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Farmers Union Mutual Insurance Company (FUMICO), the largest domiciled property & casualty (P&C) insurance company in Montana, has selected Sapiens CoreSuite […]

Global insurance trends

Liberty Reshuffle Following Nationale Borg Acquisition

Further to Liberty Mutual Insurance Group completing the acquisition of Nationale Borg Reinsurance (NB Re) on 2 October, Liberty Mutual Re (LM Re) announced that it will make changes to the structure of its Financial Risks […]