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Rescue Package of the Signal Iduna for Damaged Shb Stands
Summary by Herbert Frommes Versicherungsmonitor
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With the help of Signal Iduna, the affected specialist insurer SHB, based in Königswinter near Bonn, has escaped a closure by BaFin. According to information from the insurance monitor, the insurer has sold the renewal rights for parts of its portfolio to the Dortmunder. In addition, Signal Iduna takes on a role as a reinsurer. It is also planned that the insurer will take over the SHB completely in the current year.
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