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Zurich presented the “Zurich International Programs for Employees” at the October 2015 biannual meeting of the Federation of European Risk Management Associations (FERMA). The new product, to be launched in 2016, allows multinationals to manage their employee benefits coverages through a single global program, combining local policies with cross-border policies; as well as providing centralized data and reports. From a marketing standpoint, the new product is aimed squarely at

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Aon in May 2018 announced the launch of its Carrier Solutions group, which will support and grow Aon’s network of Managing General Agents (MGAs) and Managing General Underwriters (MGUs) to better deliver innovative products, streamline transaction processes and give access to new and diverse sources of risk capital. Karl Hennessy has been named CEO. He brings more than 25 years of global insurance market experience and most recently served

Swiss Re in June 2018 published its SONAR Report, which identifies emerging geopolitical risks, the re-emergence of asbestos, especially in high growth markets, and the risks arising from new technologies such as cyber risks, biased algorithms, and the erosion of risk diversification as some of the key risks facing the re/insurance industry as well as society at large. The SONAR report is a publication based on the SONAR process,

AIG, after reaching agreement on the two largest plan termination transactions of 2017, in June 2018 announced that it has further expanded its presence in the pension risk transfer market. The two transactions, entered into by American General Life Insurance Company, part of AIG’s Life & Retirement business, represented over $1.5 billion in pension plan obligations covering more than 24,000 retirees, beneficiaries, deferred and active members. Pension risk transfer

Swiss Re and SoftBank in May 2018 agreed to end discussions about a potential minority investment of SoftBank in Swiss Re. No explanation was given. However, SoftBank was originally considering a stake of up to 33%, as well as several seats on the Swiss Re board of directors, whilst Swiss Re said the holding would probably not exceed 10%. GBV had reported SoftBank’s push to increase its revenue stream
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