Insurer Zurich expects to beat targets as profits jump & more…Keep up to date with the latest insurance and reinsurance news in our round-up…

Aon forms Accident, Health & Life practice group for reinsurance business

Re/insurance broker Aon has created a global Accident, Health & Life practice group in its Reinsurance Solutions business to help insurers take advantage of growth opportunities in the sector.

Pangolin scale medicines no longer covered by Chinese insurance

Traditional medicines containing pangolin scales will no longer be covered by China’s state insurance funds, according to a government announcement.

NGOs urge Marsh, Aon to withdraw as coal advisers

Environmental NGOs are asking brokers Marsh Inc. and Aon PLC to withdraw as advisers to a proposed $2.6 billion Vietnamese coal-fired power station.

Prudential outlines demerger date as first-half profits rise

Britain’s biggest insurer Prudential said this morning that its highly anticipated demerger will take place this year, as it also reported a double-digit rise in profits for the first half of 2019.

HSBC Bank UK pension scheme agrees £7 billion insurance deal

The HSBC Bank (UK) pension scheme has signed a deal with The Prudential Insurance Company of America to insure around 7 billion pounds of pensioner liabilities.

Insurer Zurich expects to beat targets as profits jump

Zurich Insurance Group hailed its best performance in a decade this morning after reporting a double-digit rise in profits and predicting that it would beat previous financial goals it had set.

Insurer RSA hails ‘solid’ first-half as it tries to get underwriting back on track

Insurer RSA said today it had improved its underwriting performance in the first half of 2019, as it looks to re-energise its business following a slump in 2018.