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Deals Round-up: 15 Feb 2019

15/02/2019

Legal & General, M&G Investments, Axa Investment Managers

Allianz asset managers post 3.7% operating profit growth

15/02/2019

But P&C performance was the main driver of €11.5bn group operating profits in 2018

Aegon’s asset management unit grows earnings, but AuM shrinks

14/02/2019

Strong inflows into Dutch mortgage funds

UNEP FI publishes real estate impact investing framework

14/02/2019

Insurers’ real estate investment units take leading role in its development

Ifrs 17 - accuracy over clarity

14/02/2019

Colin Dutkiewicz, chair of the life board at the UK Institute and Faculty of Actuaries cuts through the complexity of accounting standard Ifrs 17, examining its potential impact on insurers' investment strategies and asset allocation, as well as on their overall operations. Interview by Vincent Huck

French insurers committed €1.2bn in partnership to fund unlisted SMEs

13/02/2019

The five insurers and an investment bank invested in 63 funds

Storebrand acquires private equity firm for NOK300m

13/02/2019

Weak financial markets dampen Norwegian insurer's Q4 AuM

Hard Brexit risks leaving UK insurers on a 'capital cliff edge'

12/02/2019

As a no-deal Brexit hovers over the financial industry like the sword of Damocles, sovereign holdings could be a bigger risk for the solvency positions of UK insurers' than for their European rivals. The Association of British Insurers wants the regulator to act, and fast

UK MPs and Lords call on statistics chief to correct RPI error

12/02/2019

Joint letter tells UK Statistics Authority to seek permission from the chancellor to correct flaw in the retail price index

Italian regulator calls for better property risk data

12/02/2019

Poor statistics make for poor risk modelling, Ivass says

Life profits dive on bumpy markets at Australia’s Challenger

12/02/2019

But affiliated managers grow assets in last half-year

Royal London calls for Ryanair to replace KPMG as auditor

11/02/2019

Royal London Asset Management calls on airline to carry out ‘comprehensive review’ of its board and to toughen up governance

ESAs delays potential amendments to PRIIPs legislation

11/02/2019

European Supervisory Authorities will instead carry out a review into rules in 2019

As Ryanair chairman schedules take-off, shareholder relations remain turbulent

08/02/2019

Attempts by Ryanair earlier this week to temper shareholder unrest over its governance arrangements are showing early signs of a bumpy landing with shareholders, including insurers asset management affiliates, Adam Leach reports.

Esma launches consultation on liquidity stress test for EU funds

08/02/2019

Guidance aims to promote supervisory convergence across the EU

UnipolSai unit taps into banks' bad loan portfolios

08/02/2019

Unipol ReC pays €130m for two portfolios worth €1.3bn

PGIM reports 20.6% drop in operating income in Q4

07/02/2019

Prudential’s life business also drops

EU bodies seal preliminary agreement on cross-border fund distribution

07/02/2019

Text to pass through technical trilogue before first reading in EU Parliament

Beazley's net investment income drops by 70% in 2018

07/02/2019

CEO describe drop as equivalent to large catastrophe loss on underwriting portfolio

Markel’s asset manager delivers blow to group’s results

06/02/2019

Increase in interest rates and severe US hurricanes hits group’s fixed income and ILS holdings