Strategy
PartnerRe Sets Conditions to Meet With Unsolicited Bidder EXOR
PartnerRe said it is ready to meet with EXOR SpA about its revamped upstart bid for the reinsurer, but it once again wants more. "The PartnerRe Board has determined that the latest EXOR proposal ...
Catlin’s Merger Driver: ‘A Duty of Care’
FROM THE ARCHIVES: A VINTAGE CARRIER MANAGEMENT ARTICLE FROM 2015 The unexpected combination of XL Group and Catlin came after two years of trust-building communication between the leaders of the ...
Travelers Q2 Produces Income Gains and Investment Declines
The Travelers Companies enjoyed soaring net income during its 2015 second quarter, thanks, in part to lower catastrophe losses and share repurchases. But net written premiums stayed flat, and ...
Travelers CEO Fishman Briefly Had His Eyes on Chubb
Travelers Chairman and CEO Jay Fishman disclosed that the property/casualty insurance giant briefly considered a possible merger deal with Chubb. The idea was discarded, he said, after the ...
Hiscox USA Brings On New Chief Underwriting Officer
Hiscox has named a new chief underwriting officer for its fast-growing U.S. unit. Nicole Goodwin will be based in Hiscox USA's New York City office. She replaces Gary Head, who will head to London to ...
Tit For Tat: EXOR Once Again Boosts Its Bid For PartnerRe
Days after PartnerRe and AXIS Capital Holdings released sweetened terms of their merger deal, upstart bidder EXOR SpA has done the same. The Italian investment firm enhanced its own $6.8 billion ...
Tokio Marine Looking at China Expansion
Tokio Marine Holdings Inc., fresh from its biggest acquisition in the U.S., is now looking for opportunities in China. The insurer plans to utilize its ties with Citic Group Corp., China's biggest ...
Japanese Insurers Eye More U.S. Acquisitions
Japanese insurers including MS&AD Insurance Group Holdings Inc. and Sompo Japan Nipponkoa Insurance Inc. are seeking mergers with peers in the United States, as a declining population at home ...