Aviva completes £140m bulk annuity deal & more…Keep up with what has been happening this week in our latest insurance news round-up…

Aviva completes £140m bulk annuity deal with the Guilbert UK Retirement Benefits Plan

Aviva has completed a £140 million bulk purchase annuity full scheme buy-in transaction with the Trustee of the Guilbert UK Retirement Benefits Plan1 (“Plan”) which is sponsored by Office Depot UK Pension Sponsor Limited.

Global M&A poised for growth as storm clouds recede

Global mergers and acquisitions (M&A) activity lost steam in the final three months of 2023 with buyers struggling to add value, according to new research on completed deals from WTW’s Quarterly Deal Performance Monitor (QDPM).

The technology-insurance crossover – where generative AI fits in

Preventing the industry from falling foul of unintended AI consequences

Re-writing the underwriting story: How to navigate the complexities of modern risks

Traditional underwriting of physical risks does not meet the reality of evolving extreme climate impacts or intangible cyber threats. Christopher Townsend, Member of the Board of Management Allianz SE, highlights in this article for the World Economic Forum Agenda that insurers must evolve by innovating new ways of transferring risk and supplementing traditional indemnity insurance solutions.

NatWest teams up with Allianz Partners to bolster travel insurance offering

NatWest Group has appointed Allianz Partners to provide travel insurance to customers holding packaged bank accounts.