Insurance- Page 79

The FINANCIAL -- Following David Nish's appointment as Chief Executive on 1 January 2010, Standard Life on January 18 confirms the structure of its new Executive Team, including the appointment of two new members.

The FINANCIAL -- Swiss Re announced on January 18 the closing of a US individual life retrocession transaction with Berkshire Hathaway. The transaction builds on Swiss Re’s tradition of portfolio steering and reinsurance risk transformation and will improve its capital efficiency.

The FINANCIAL -- Zurich Financial Services Group (Zurich) on December 28 announced that it has obtained, through its subsidiaries, Zurich American Insurance Company and Zurich Insurance Company Ltd, a 3-year USD 225 million catastrophe excess of loss reinsurance protection from Lakeside Re II Ltd.

The FINANCIAL -- ING announced on November 30 that it has closed the sale of its life insurance and wealth management venture in Australia and New Zealand to ANZ, its joint venture partner.

The FINANCIAL -- ING announced on October 26 that it will move towards a separation of its banking and insurance operations, clarifying the strategic direction for the bank and the insurance company going forward.

The FINANCIAL -- ING announced on October 26 that it has reached an agreement with the Dutch State to alter the repayment terms of the Core Tier 1 securities issued in November 2008, in order to facilitate early repayment.

The FINANCIAL -- British insurer Aviva plans to raise about 1.2 billion euros ($1.8 billion) for future growth and possible acquisitions by selling shares of Delta Lloyd NV in an initial public offering that values its Dutch unit at 2.6-3.1 billion euros.

The FINANCIAL -- Standard Life plc ('the Company') on October 19 announces that David Nish will succeed Sir Sandy Crombie as Group Chief Executive with effect from 1 January 2010.

The FINANCIAL -- U.K. insurance firm Aviva said on October 5 that it will sell a minority of its holding in its Dutch subsidiary Delta Lloyd in a stock market listing scheduled for next month.

The FINANCIAL -- According to Swiss Re’s new sigma study, “The role of indices in transferring insurance risks to the capital markets”, both (re)insurers and investors benefit when clearly defined and regularly updated indices are used in insurance-linked securities (ILS) and other