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Canada Life completes £55m buy-in transaction with energy industry pension scheme

Canada Life has completed a £55 million buy-in deal with the Energy Industry Pension Plan, providing future benefit security for more than 250 pensioners and 450 deferred members. Katie Sokolowski, Canada Life’s head of business development for bulk purchase annuities, said the company is pleased to support fiduciaries taking this important step in their de-risking…

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lloyds bank

Lloyds Bank survey finds insurers prioritising liquidity strength as financial sector confidence rises

Lloyds Bank, a leading UK financial services provider serving corporate, institutional and retail clients, has announced its results 10th Annual Financial Institution Sentiment Survey. The research gathered the views of more than 100 senior leaders from the UK banking, insurance, private equity, asset management and wealth management industries. Lloyds Bank’s findings indicate that insurers are…

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liria martinez salmon devonshire underwriting

Claims notifications are rising in an increasingly crowded Southern Europe transactional risk market: Devonshire’s Martinez-Salmon

Liria Martinez-Salmon, managing director and head of Southern Europe at Devonshire Underwriting, told Reinsurance News that the number of claims notifications in the Southern European traded risk insurance market has increased by more than 100%. We recently discussed the current trading risk market conditions with Martinez-Salmon and highlighted the significant increase in claims notifications. “We…

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jeremy eisemann corgi

Corgi appoints Eisemann as Head of Government Affairs & Associate General Counsel

Corgi, an AI-native insurance platform that helps businesses manage technology-related risks, announced the appointment of Jeremy Eisemann as head of government affairs and deputy general counsel. In his new role, Eisman will lead the firm’s government affairs strategy and support legal operations, regulatory engagement, policy development, corporate governance and strategic initiatives. He will work closely…

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AXA XL partners with Samsara to enhance UK fleet safety

AXA XL, the property, casualty and professional risks division of French insurance company AXA, has announced a strategic partnership with Samsara, a pioneer in the Connected Operations® platform. Samsara’s open platform, known for its user-friendly interface and advanced data analytics, will be integrated into AXA XL’s suite of risk solutions in the UK. This will…

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Fenchurch Advisory Partners to combine with Broadhaven Capital Partners

Fenchurch Advisory Partners, an independent investment banking advisory firm, announced that it has entered into a definitive agreement to merge with Broadhaven Capital Partners. Fenchurch specializes in the financial services sector and has offices in London, New York and Paris. It provides independent advice to businesses and financial sponsors in the insurance, asset and wealth…

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