Tag: Run off
Settlement is not dead – economics
It almost became one of the largest transactions in the billion-dollar market for the sale of entire portfolios of insurance contracts, or run-off in industry jargon. Zurich Germany wanted to…
Eurovita crisis has an impact in Germany – economy
It’s about 720,000 customers and their life insurance contracts, behind which there are assets of 21 billion euros. The insurer Zurich would like to get rid of this portfolio, the…
Life Insurers Consider Selling Inventory – Economy
Anyone who took out life insurance 20 or 30 years ago had no reason to doubt that the contract would remain with the very company with which it was contracted…
Axa sells contracts to Athora – Economy
Anyone who took out life insurance with the German Civil Service Insurance (DBV) 20 years ago for their old-age provision thought they were in a rock-solid company with a long…
Zurich separates from life policies – economy
A life insurer has once again decided to sell its classic policies with a guaranteed interest rate to an external processor: After the Italian insurer Generali had transferred around 4.2…