Howden boosts UK footprint with Reich acquisition & more…Keep up with what has been happening this week in our latest insurance news round-up…

CFC to offer intellectual property insurance to SMEs, startups

London-headquartered managing general agent CFC has launched an intellectual property (IP) insurance policy for startups and small- and medium-sized enterprises.

Intact, RSA & PIC announce record £6.5bn UK pension buy-in

Intact Financial Corporation has announced that the RSA UK Pension Trustees have entered into an agreement with Pension Insurance Corporation (PIC) for Bulk Purchase Annuities with respect to £6.5 billion of RSA UK pension plan liabilities.

Howden boosts UK footprint with Reich acquisition

Howden has announced, via an emailed release, a swoop for Reich Insurance Group – in what is described as a “significant step” in its North West England expansion. Reich had been established as one of the top 10 independent insurance brokers in the UK.

Cyber risk management impacts insurance pricing and credit ratings: S&P

Despite a growing interest in cyber insurance, the organisational structures, workplace culture, and wider risk management ecosystems that combine to minimise cyber threats are still often lacking, cyber experts told S&P Global Ratings.

Intesa invests 360 million euros for full control of health insurance business

Italy’s biggest bank Intesa Sanpaolo on Thursday said it would spend 360 million euros ($382 million) in cash to buy the 26.2% of healthcare insurer Intesa Sanpaolo RBM Salute it did does not own.

RSA takeover set to complete by end of May & more...

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