1+ day, 16+ hour ago   (70+ words) Life Insurance International GlobalData finds 73.3% of UK respondents experienced an increase in their motor insurance premium at renewal. A GlobalData survey suggests that rising motor insurance premiums continue to place financial pressure on UK consumers, reinforcing concerns that pricing remains…...

1+ day, 16+ hour ago   (443+ words) HSBC Holdings has agreed to sell its Singapore life and health (L&H) insurance business, HSBC Life (Singapore) (HSBC Life SG), to Germany’s Allianz for S$2.7bn ($2.09bn). Under the deal, HSBC Insurance (Asia-Pacific) Holdings, an indirect wholly owned subsidiary of HSBC, will sell…...

2+ day, 15+ hour ago   (288+ words) Willis Re has formed a Global Life Reinsurance Practice aimed at providing independent advisory and broking services to life insurers, reinsurers, and pension and annuity providers worldwide. The move follows the appointment of Christian Howells as head of life reinsurance....

4+ day, 15+ hour ago   (333+ words) US federal prosecutors are examining possible financial irregularities at two insurance entities controlled by billionaire Mark Walter, alongside a separate probe into Guggenheim Partners. Citing unnamed sources, Bloomberg reported that Walter’s Delaware Life Insurance and Clear Spring Life and Annuity…...

5+ day, 20+ hour ago   (360+ words) Life Insurance International A GlobalData poll found that nearly half of respondents believe automation will replace over 25% of their company’s workforce. Meanwhile, Allianz is reportedly planning to cut 1,500–1,800 roles as the insurer expands its use of AI across the business....

5+ day, 16+ hour ago   (317+ words) Aon has increased capacity in its Data Center Lifecycle Insurance Programme (DCLP) to $5bn (£3.72bn), extending risk solutions for digital infrastructure assets from development to long-term operations. According to Aon, the expansion comes amid increasing investment in AI, cloud computing and hyperscale…...

1+ week, 1+ day ago   (325+ words) Thomond advises individuals and business owners on financial planning, investments and estate planning. Howden has agreed to acquire Thomond Asset Management, a financial advisory business based in Ireland. Founded by Tom Fitzgerald, Neal Kelly and David O’Neill, Thomond advises individuals…...

1+ week, 2+ day ago   (262+ words) Willis, a Willis Towers Watson (WTW) business, and its embedded insurance infrastructure partner Kayna have partnered with construction workforce platform Kwant to introduce KwantSure. The programme is designed to give subcontractors access to insurance cover that may be needed for…...

1+ week, 3+ day ago   (394+ words) The Bank of England and the Financial Conduct Authority (FCA) have set out proposals for a dedicated captive insurance regulatory regime in the UK. It is part of a wider push to strengthen the country’s “competitiveness” in financial services. The…...

2+ week, 2+ day ago   (303+ words) Allianz Partners is planning to reduce its workforce by 1,500–1,800 positions as the German insurer’s business expands its use of AI, Bloomberg reported. The reductions will span multiple European countries and are set to be implemented through severance packages, early retirement…...