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Net operating profit increased by 24 per cent to EUR 49.2 M. Net interest income increased by 6 per cent to EUR 62.2 M. Net commission income increased by 19 per cent to EUR 79.0 M. Total expenses increased by 15 per cent to EUR 121.9 M. Net impairment losses on financial assets totalled EUR 4.9 M, equivalent to a loan loss level of 0.12 per cent. Retuon equity after taxes...
CPP Group's parametric platform, Blink Parametric, has announced a partnership with AwayCare, a premier Managing General Agent provider of travel insurance products in Canada. The age will be underwritten by leading Canadian insurance group Northbridge Financial Corporation, a Fairfax company, supporting the delivery of flight disruption insurance...
Allianz completes reinsurance transaction for $35- bn U.S. fixed index annuity portfolio. Agreement with Resolution Life and affiliates of Sixth Street was announced on December 3 Transaction unlocks $4.1 bn in value and frees up regulatory capital for Allianz Munich, January 07, 2022. The transaction, announced on December 3, unlocks $4.1 billion in value...
Allianz completes reinsurance transaction for $35- bn U.S. fixed index annuity portfolio. Agreement with Resolution Life and affiliates of Sixth Street was announced on December 3 Transaction unlocks $4.1 bn in value and frees up regulatory capital for Allianz Munich, January 07, 2022. The transaction, announced on December 3, unlocks $4.1 billion in value...
Hamilton, Bermuda- Specialist global insurer Hiscox has appointed Matthew Wilken to the role of Chief Underwriting Officer for Hiscox Re& ILS. Based in Bermuda, he will become a member of the Hiscox Re& ILS Executive team and will report to Kathleen Reardon, CEO of Hiscox Re& ILS. Commenting on the appointment, Kathleen Reardon said: "Matthew has a deep reservoir of...