Western Financial Group sold to Desjardins Financial Group
Wednesday, January 5th, 2011Western Financial, an insurer based in High River, Alberta, soared after agreeing to be bought by Desjardins Financial Group.
Archive for January 5th, 2011
Growing the Microinsurance Market into the Billions will take an Enormous Effort
Wednesday, January 5th, 2011Potential unprofitability due to distribution costs and other reasons will be a problem.
Other issues include unique marketing and regulatory challenges.
Oslo Reinsurance Company (UK) Limited sold to Tawa
Wednesday, January 5th, 2011Run-off service provider Tawa plans to buy Oslo Reinsurance Company (UK) Limited from Oslo Reinsurance.
11 Pension Risk Trends to Watch For in 2011
Wednesday, January 5th, 201111 Pension Risk Trends to Watch in 2011
•1. Life Expectancy Increases Are Messing With Pensions http://bit.ly/h1FHDH
•2. Maybe Canada Should Raise Their Retirement Age http://bit.ly/eKNfC4
•3. European Insurers versus European Pension Funds: Who Will Win the Solvency II Argument? http://bit.ly/g5ePuh
•4. Should New Jersey Declare Bankruptcy Over Their Pension Deficit? http://bit.ly/dEQBnb
•5. San Jose Voters Support Pension Reform; SF Voters Defeat it http://bit.ly/heX1KU
•6. Will HR Consulting Be Priced Like a Plentiful Commodity? http://bit.ly/e5mOT2
•7. 10 Barriers to Retirement Planning Advice Identified by Actuaries http://bit.ly/gLLflj
•8. Germany is on the Cutting Edge of Liability-Driven Investment http://bit.ly/g2O1m4
•9. NY Times discusses US States’ Pension Accounting http://bit.ly/hHwDPd
•10. Solvency II will affect Pension Firms ability to Invest Freely http://bit.ly/9ndw9c
•11. Are You a Benefits Consultant? Expect Mergers. Expect Acquisitions. Expect Both. http://bit.ly/9mvrCo
24 Significant Bermuda Reinsurance and Insurance Stories from 2010
Wednesday, January 5th, 201124 Bermuda Reinsurance and Insurance Stories and Transactions from Second Half, 2010
1. Paraline Group Ltd. Launches in Bermuda for Insurance and Reinsurance
2. Ace Bermuda to Eliminate Jobs
3. Liberty Life Insurance sold to Athene Holdings by RBC
4. UBSURE Bermuda, Ltd., broker launched in Bermuda
5. Switzerland, Bermuda and Japan to Undergo Equivalency Reviews by the Solvency II Crew
6. Amlin Bermuda Ltd. redomiciles to Switzerland
7. Bermuda startup companies are profiled at BermudaStartup.com
8. Should the National Flood Insurance Program be Privatized?
9. Clarendon Insurance Group sold to Enstar
10. Will There Be Growth of Takaful & Retakaful Companies in Bermuda?
11. Allied World Assurance redomiciling to Switzerland, from Bermuda
12. Aston Business School looks at the convergence in approaches by Bermuda & Lloyd’s firms
13. To promote ILS, Bermuda Stock Exchange, Ministry of Finance, Appleby & Horseshoe visit New York
14. US, Bermuda and European Reinsurers divided on Business Strategies
15. Glacier Re sells International Renewal Rights to Endurance
16. Top Reinsurer Domicile: Who Will Win, Europe or Bermuda?
17. Alterra Capital Reorganizes Bermuda Unit
18. Assured Guaranty is the only insurer writing new Municipal Bond Insurance
19. GEROVA has redomesticated to Bermuda, from the Cayman Islands
20. Video about Investing in Reinsurance and Weather Risk
21. CCRIF releases Caribbean Economics of Climate Adaptation Study
22. Association of Bermuda Insurers and Reinsurers (ABIR) = $950 million
23. Bermuda is still in recession
24. Actuary moving to Bermuda
Admiral Group to Launch Direct Insurance Operation in France
Wednesday, January 5th, 2011CEO Henry Engelhardt comments: “I’m delighted to see the launch of L’Olivier in France, it represents another key milestone in our plans to grow our business overseas.”
