Strategy
AXA Chief Outlines Climate Strategy
AXA Chairman and CEO Henri de Castries spoke at Climate Finance Day on May 22 in Paris. The following are his remarks in which he discusses what climate change means for the insurance industry as ...
PartnerRe to EXOR: Original M&A Deal With AXIS is Moving Ahead
PartnerRe has decided to seek shareholder approval of its original merger agreement with AXIS Capital, following EXOR's de facto rejection of an offer to meet and discuss its own, unsolicited bid. ...
EXOR Sets One Condition Before Discussing Its $6.8B Bid With PartnerRe
Italian investment firm EXOR said it is willing to discuss its $6.8 billion bid for PartnerRe with the Bermuda-based reinsurer's board of directors, but there is a catch. EXOR said it will negotiate ...
Zurich to Cut Costs by $1B to Reverse Profit Slide
Zurich Insurance Group AG, Switzerland's biggest insurer, will cut costs by more than planned as it seeks to reverse a drop in earnings. CEO Martin Senn said he will make additional annual savings of ...
PartnerRe Seeks Direct Meeting With EXOR About Possible Acquisition Deal
Bermuda-based reinsurer PartnerRe, after weeks of resistance, has decided to meet with EXOR to determine whether the Italian investment firm will sweeten its $6.8 billion bid for the company. Even ...
AIG Snatches Up ING Benefits Network to Boost Multinational Business
American International Group Inc. has acquired ING Employee Benefits Global Network to expand business with multinational clients. AIG purchased a controlling stake in the network, which includes ...
Zurich and Swiss Re Execs Sign Document Supporting ‘Balanced’ Regulation
Executives at Zurich Insurance Group, Swiss Re, and other financial institutions are formally backing regulations to limit financial risk that hit middle ground, striking a balance between financial ...
Chubb Adds Fireman’s Fund Vets to Boost Capacity for Wealthy Clients
Chubb Corp., the insurer of high-end homes and mega-yachts, rehired Jennifer Celmer and added two of her colleagues from Fireman's Fund to bolster the unit selling coverage to wealthy individuals. ...