Strategy
ACE Group Launches Luxury Retailer Coverage For Wedding Dress Delivery Snafus
ACE Group is targeting international retail and luxury goods retailers with new specialized insurance coverage that addresses everything from wedding dress delivery snafus to fallout from product ...
W.R. Berkley Launches Specialty Arm Focused on Construction Professional Liability
W.R. Berkley Corp. is launching Berkley Construction Professional Liability Underwriters, yet another expansion of its specialty coverage offerings. The new unit will offer professional liability, ...
Greek Economic Turmoil May Kill Munich Re Unit’s Acquisition Plan
Munich Re's Ergo Insurance unit may cancel its planned 90.1 million-euro ($100 million) acquisition of Greece's ATE Insurance SA if the country doesn't return to stability. "Depending upon how the ...
ACE Doubles Terrorism, Political Violence and War Insurance Capacity
ACE Ltd., which recently announced a $28.3 billion deal to acquire The Chubb Group, is doubling its terrorism, political violence and war insurance capacity. The plan is for ACE to boost its ...
Report: AXIS, PartnerRe May Sweeten Their $6.2B Merger Agreement
Reinsurers AXIS Capital Holdings Ltd and PartnerRe Ltd are considering tweaking their $6.2 billion merger agreement in a bid to fend off a $6.8 billion offer for PartnerRe by EXOR SpA, people ...
Munich Re America Teaming Up With Robotics Firm on Autonomous Vehicle Feasibility Study
Munich Reinsurance America announced Wednesday that it is teaming up with Comet, a developer of ground mobile robotics pilot projects, to conduct a feasibility study focused on autonomous vehicle ...
A Surprising Way to Achieve Price Competitiveness
How can a company liberate itself from the death spiral of product commoditization? Competing on price is generally a losing proposition—and a very exhausting way to run a business. But when a ...
EXOR Plans to Promote from Within For PartnerRe CEO; Revises Deal Terms
John Elkann, who is offering $6.8 billion for a company that doesn't have a permanent chief executive officer, plans to find a leader internally at PartnerRe Ltd. if he wins the bidding for the ...