Archive

  • 'Silent run-off' occurring in German life market, says Moody's

    16 May 2024

    Backbook life deals denied and abandoned, have stolen the limelight recently

  • German life consolidators reveal lapse and liquidity risk details in latest SFCRs

    08 May 2024

    All life undertakings discussed experiences, mitigations and examinations of surrenders, in 2023

  • Viridium adds to investment burden, by doubling guarantee for Generali Leben's policyholders

    08 May 2024

    CEO Tilo Dresig addresses BaFin's stopping Viridium's planned back-book deal with Zurich

  • Comment - What future for PE-backed life book consolidators as AXA and Athora ditch transfer plans?

    07 May 2024

    Ending it was consensual, but BaFin was surely in the deal-partners' thoughts

  • SFCRs shine light on German legacy life books, and investments, of Zurich and AXA

    16 April 2024

    Groups have planned, with mixed success, to sell the back-books to consolidators Viridium and Athora, respectively

  • Chart of the Week - How IMAs could spell out the future of PE ownership of insurers

    23 February 2024

    Fee rates, and other T&Cs in the IMAs of PE houses and the consolidators they own, may attract (unwanted) regulatory attention

  • Fitch says PE ownership not necessarily credit-negative for insurers

    15 February 2024

    Ratings agency looks at insurers' investment strategy riskiness among other facets for credit assessments

  • Achmea not ruling out offloading life and pensions business - worth €21.9bn of general account

    12 February 2024

    Deal would involve group transferring up to 60% of its general account assets

  • Chart of the Week - As a €21bn deal is scuppered by BaFin, have PE owners run out of road for life book sales?

    02 February 2024

    German regulator's refusal to Zurich and Viridium seems bad news for insurers owned by PE

  • German backbook deals and run-offs - a €150bn asset industry since 2014

    01 February 2024

    Moody's examined 14 deals, completed, pending and scuttled