Hannover Re enters talks to buy Heidelberger Leben

Business handshake

Hannover Re is poised to buy Lloyds banking group’s German insurance arm for a fee of €400m, according to media reports.

The German reinsurer has has teamed up with private equity groups to hold talks ahead of a bid for Heidelberger Leben, the Sunday Telegraph reported.

An announcement confirming the disposal could be

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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