TigerRisk Partners has become the first insurance broker/advisor to join R3’s Centre of Excellence for distributed ledger technology (DLT) in the insurance and reinsurance industries, which it runs in partnership with ACORD (Association for Cooperative Operations Research and Development). The Centre of Excellence was launched earlier in 2017 to provide a dedicated environment for both… Read More

An American financial giant’s insurance earnings have been battered by Cyclone Debbie, which lashed across Queensland and New South Wales as well as New Zealand in March. The Insurance Council of Australia (ICA) said the cyclone caused an estimated $1.4 billion in insured losses, with 58,416 related to personal claims and 7,462 to businesses. The cyclone also… Read More

Allianz Capital Partners and the Canada Pension Plan Investment Board (CPPIB) – through its subsidiary, CPP Investment Board Europe – signed an agreement yesterday with Gas Natural Fenosa (GNF) to acquire a 20% minority equity interest in its gas distribution business in Spain (GNDB). Both Allianz and CPPIB have considerable experience investing in regulated utilities.… Read More

  Personal finance experts are a pretty soft-spoken bunch. It isn’t often that they say they would “never ever” advise buying a certain financial product. But that is exactly what they generally say when asked about mortgage protection insurance, according to Anne Marie Thomas of InsuranceHotline.com, an insurance comparisons site Mortgage protection insurance isn’t the mortgage insurance most… Read More

Empire Life has launched a new online investment application that advisors can use with their clients to easily complete, submit, and fund new segregated fund policies. Known as the Fast & Full Investment App, the system features a simple five-step electronic process through which clients and advisors can avoid dealing with long paper forms. Electronic payment… Read More