Two-thirds of people feel “positive” about the proposed changes to personal injury compensation, a Consumer Intelligence survey commissioned by the Association of British Insurers shows.
Global reinsurers have turned to mergers and acquisition deals over the last year in order to remain relevant in the face of challenging market conditions, but S&P maintains a neutral view on this trend.
Over half a million attempts at insurance fraud were detected in 2017, equivalent to one fraud every minute.
The CEO of Hannover Re, Ulrich Wallin, is to step down and retire from the reinsurance giant in 2019 and will be replaced by Swiss Re’s Jean-Jacques Henchoz.
The transfer of commercial business from LV to Allianz will take place on 20 September, the company confirmed.