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Defensive and strategic deals boost M&A in insurance, Swiss Re sigma says

12 May 2015 | Swiss Re

• M&A activity in insurance has picked up in recent months from the overall low levels seen since the financial crisis of 2008-09 • Globally, there were 489 completed deals in 2014 compared with 674 in 2007 • The recent M&A upswing is largely concentrated in certain sectors such as specialty re/insurers and insurance intermediaries • Consolidation is a response to the squeeze on middle-tier specialist re/insurers • Regulatory changes, alternative investors, globalisation and access to distribution technology will stimulate further M&A

CIB posts strong results for 2014

11 May 2015 | CIB Insurance

Short-term insurance underwriting manager CIB is on track to exceed R600 million in gross written premium during 2015, following an impressive performance in 2014. CIB and its broader group of companies reported more than R20 million in EBIT for the 12 months to 31 December 2014.

Old Mutual’s Broad-Based Black Economic Empowerment transactions mature, creating net value of over R7.9 billion

07 May 2015 | Old Mutual

Old Mutual today announces the maturity of its Broad-Based Black Economic Empowerment transactions (“BEE transactions”) that to date have created a net value of over R7.9 billion, based on current market prices, for Old Mutual’s South African empowerment partners, staff and communities.

SA’s footballers to receive financial fitness training through Old Mutual’s ‘On the Money’ education programme

07 May 2015 | Old Mutual

Old Mutual and the SA Football Players Union (SAFPU) signed a partnership that will see Old Mutual roll out its ‘On the Money’ financial wellbeing programme to football players to increase their financial knowledge and help them manage their finances better.

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Are financial advisers ready for the combined impact of COFI and AI?

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