Risk
ACP Re/Tower Group Merger Deal Finally Closes
After months of uncertainty, the merger of ACP Re Ltd. and struggling reinsurer Tower Group International has finally closed. Bermuda-based ACP Re and Tower announced on Sept. 12 that all regulatory ...
Moody’s at Monte Carlo: Reinsurers Pushing into Primary Insurance
Reinsurers are seeking to push into the primary insurance market ranging from life to property coverage to shore up growth, said Moody's Investors Service. "We expect more mergers and acquisitions," ...
Monte Carlo Consensus: Reinsurance Prices Will Keep Falling
Reinsurance prices will fall and worsening terms and conditions will spread to new classes next year as the industry competes for business, said reinsurers and brokers gathering at their annual ...
Britain is 1st Western Govt. to Issue Offshore Bond in China’s currency
Britain will become first Western government to issue an offshore bond in China's renminbi currency, finance minister George Osborne said on Friday, deepening efforts to build financial links with ...
XL Group Grabs Minority Stake in Ada Investments
An affiliate of XL Group plc, the global insurance and reinsurance company, recently bought up a minority stake in Ada Investments. Neither side is disclosing specifics. Ada Investments is based in ...
Ironshore Boosts Life Sciences Business Coverage Capacity
A division of Ironshore Inc. – a billion-dollar insurance holding company – is expanding its pharmaceutical, biotechnology and medical device industry coverage capacity. IronHealth is Ironshore's ...
Navigators Expands European Operations
The Navigators Group Inc., an international specialty insurance holding company, is pursuing a European expansion. Its European underwriting management subsidiary, Navigators Underwriting Ltd., has ...
Alternative Capital Now 20% of Cat Re Total: Aon Benfield
We've heard for a while now that alternative capital is increasing its share of the overall catastrophe reinsurance market. Aon Benfield Securities estimates its stake has now reached 20 percent of ...