Leadership
AXIS CEO: More Deals Possible After Merger With PartnerRe
The creation of one of the world's largest reinsurers in an all-stock merger paves the way for more deals. AXIS Capital Holdings Ltd. and PartnerRe Ltd.'s combination without taking on debt will ...
Bermuda Reinsurers AXIS Capital and PartnerRe Will Merge in Massive Deal
AXIS Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry. ...
Willis Will Grab Majority Stake in Miller, Enabling Growth in Wholesale Market
Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to take a majority stake in Miller Insurance Services LLP to add shipping clients. Willis will take an 85 percent ...
Obama Pushes For Cybersecurity Legislation; Contractors to Gain Initially
Symantec Corp. and other cybersecurity companies stand to gain from President Barack Obama's push to increase computer network protection in the private sector and U.S. agencies. Obama called on ...
State Auto Discloses Strengthened Prior Year Loss Expense Reserves
State Auto Financial Corp., a super regional property/casualty insurance holding company, has disclosed two big financial developments: strengthened prior year loss expense reserves and an adverse ...
Berkshire Hathaway’s Gen Re Advances Two Execs; Tooker Resigns
General Re Corp., one of the reinsurance units at Warren Buffett's BerkshireHathaway Inc., named Robert M. Jones and Carole M. Ferrero to lead direct sales of property- casualty coverage. Jones will ...
Loeb’s Third Point Re Picks U.S. Location, Discloses Offering Plans
Third Point Reinsurance Ltd., the Bermuda- based company co-founded by hedge-fund manager Dan Loeb, has picked Short Hills, New Jersey, as the location for a new U.S. subsidiary. Shane Haverstick, ...
Willis Group Reorganizes and Promotes a Key Executive
Willis Group Holdings plc has officially reorganized from three operating segments into four, and promoted a key executive as part of the changes. The global insurance/reinsurance broker and risk ...