Global insurance trends

Neutrinos Announces Latest Client Win

The latest from Neutrinos, who have another client on board; Neutrinos announced today its latest technology vendor agreement, partnering to support the Simplified Solutions organization of U.S.-based Prudential Financial Inc.’s (PFI) Individual Life Insurance business. […]

Global insurance trends

Prudential Closes Risk Transfer Deal with Shell USA

Significant deal in the US for Prudential; Prudential Financial, Inc. (PFI) (NYSE: PRU) closed a pension risk transfer transaction with Shell USA, Inc. for $4.9 billion in pension obligations covering a block of about 21,500 […]

Insurance Regulation

Lloyd’s Gets Approval on Special Purpose Vehicle

Lloyd’s today announced that it has received regulatory approval from the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to set up a new multi Insurance Special Purpose Vehicle (mISPV). The approval is […]

InsureTech

Hampleton Report Highlights Insurtech M&A Market Trends

The Insurtech M&A Market Report from international technology mergers and acquisitions advisors, Hampleton Partners, forecasts a record 95 or more M&A deals in 2020, with 48 already banked in the first half of the year. Volume has more […]

Global insurance trends

Prudential Sale of Korean Assets – Moody’s Offers Insights

On April 10, 2020, Prudential Financial, Inc. (PRU; A3 stable) announced it had signed a definitive agreement for sale of The Prudential Life Insurance Company of Korea (POK), its Korean life insurance operation, to KB […]

Opinion

Opinion: Defining Cyber & Commercial Cover is a Great Insurer Opportunity

In this latest column, Chris Andrew from BAE Systems looks at how insurers and brokers can help UK businesses can make sure they’re getting the best cover against growing cyber risks. Many businesses look at […]

Business

Mergers & Acquisitions: Where Is Insurance Sector Headed in 2020?

The volume of mergers and acquisitions (M&A) in the insurance sector increased 10% in 2019 with 419 deals completed worldwide, up from 382 in 2018. Activity was driven by an exceptionally strong first half of the […]

News

Pension Sale Regulation: FCA Dishes Out £23m Fine to The Pru

The Financial Conduct Authority (FCA) has today fined The Prudential Assurance Company Limited (Prudential) £23,875,000 for failures related to non-advised sales of annuities. Between July 2008 and September 2017, Prudential’s non-advised annuity business focused on […]