Rebound in global reinsurance capital & more…Keep up with the latest insurance and finance news in our weekly round-up…

Swiss Re pulls £3bn IPO of UK life insurance unit ReAssure

Swiss Re has pulled the £3bn flotation of ReAssure, its UK life insurance business, blaming weak investor demand.

Traditional sector drives rebound in global reinsurance capital: Aon

Global, dedicated reinsurance capital increased by 3% in the first-quarter of 2019 to $605 billion, driven by growth in the traditional sector which more than offset a decline in alternative reinsurance capital.

Norwegian insurer set to lose £6.9m over Grenfell ruling

Protector Forsikring loses case that Munich Re should pick up most of the Grenfell cost through reinsurance programme.

Chubb becomes first major US insurer to announce coal sector restrictions

Chubb has become the first major US insurer to announce investment and underwriting restrictions on the coal industry after growing pressure from environmental groups.

Insurance giants in talks to buyout £10.5bn British Steel Pension Scheme

The board of the £10.5bn British Steel Pension Scheme (BSPS) are in talks with a number of insurance giants to sell it.

Lloyd’s set to tighten third party oversight rules in 2020

Insurance and reinsurance marketplace Lloyd’s of London has announced that it plans to make significant changes to its framework for third party oversight, which will come into effect from Q1 2020.