accelerated run-off activities in German insurance industry

After Heidelberger Leben (Cinven, HannoverRück), Delta Lloyd (Athene) and myLife (Augur Capital) a forth run-off platform is said to be installed in Germany: Frankfurter Leben Gruppe (BHF Bank, Fosun) will acquire parts of Baloise’s business in force in Germany. Almost simultaneously, Cinven sold its UK run-off business (Guardian Financial) to AdminRe (SwissRe). Maybe this release of money will be used to widen their activities in Germany.